Lion’s Head Global Partners, through its Facility for Energy Inclusion Off-Grid Energy Access Fund, has agreed to provide USD4m in debt financing to Africa-focused solar solutions provider Bboxx to support its expansion into the Democratic Republic of Congo. Read more… Read More
Ribbit Capital led a USD30m Series B for Chipper Cash, a mobile-based P2P payment services platform with operations in Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa, and Kenya. Bezos Expeditions, the personal VC fund of Amazon CEO Jeff Bezos, also participated in the round. Read more… Read More
SoftBank Ventures Asia and Daesung Private Equity led a USD28m Series D for India-based digital payments startup True Balance, with participation from Naver and BonAngels, and follow-on from Shinhan Capital. Read more… Read More
Old Mutual Alternative Investments, through its Education Investment Impact Fund of South Africa, has made an undisclosed investment in South Africa-based private education company Sifiso Learning Group. Read more… Read More
TLcom Capital and 4DX ventures led a USD3.4m pre-seed round for Nigeria-based car sales and services platform Autochek, with participation from Golden Palm Investments, Lateral Capital, MSA Capital, and Kepple Africa Ventures. Read more… Read More
Qiming Venture Partners has reached a USD1.2b final close for Qiming Venture Partners Fund VII, a vehicle targeting early-stage investments in the health care and TMT sectors in China. Read more… Read More
Sequoia Capital India led a INR445m (approximately USD5.9m) Series A for India-based livestock trading platform Animall Technologies, with participation from Omnivore Partners and LetsVenture Fund. Read more… Read More
CDC Group, Development Partners International, and the European Bank for Reconstruction and Development have jointly committed USD250m to fund the acquisition and combination of Egypt-based drugmaker Adwia Pharmaceuticals and India-based drugmaker Celon Laboratories to create a new USD750m pan-African biopharmaceutical platform. Read more… Read More
Future Capital Discovery Fund has reached a USD187m final close for its USD Fund IV, its fourth USD-denominated vehicle targeting early-stage investment opportunities in enterprise technology and consumer technology companies in China. Read more… Read More
GGV Capital led a USD30m Series D for India-based insurtech Turtlemint, with participation from American Family Ventures, MassMutual Ventures, and SIG. Existing investors Sequoia Capital India, Blume Ventures, Nexus Venture Partners, Dream Incubator, and Trifecta Capital followed on. Read more… Read More
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