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
ARCH Emerging Markets Partners’ Africa Renewable Power Fund has agreed to invest USD40m in CrossBoundary Energy, a pan-African investment fund focused on commercial and industrial solar services, in a secondary transaction that will see initial investors in the fund exit. Read more… Read More
African Infrastructure Investment Managers (AIIM), through its newly incorporated Digital Infrastructure Investment Holdings platform, and existing investor STOA, a foreign investment vehicle based in France, led a ZAR1.5b (approximately USD97m) investment in MetroFibre Networx, a South Africa-based open access fiber network operator. AIIM invested ZAR980m (approximately USD64m) for… Read More
DEG has agreed to commit up to USD11.8m to Vinci Impact and Return Fund IV, a fund managed by Vinci Partners. The vehicle will invest in SMEs across the education, health care, IT, and environmentally friendly consumer goods sectors in Brazil. Read more… Read More
EB Capital has acquired a 55% stake in Brazil-based e-commerce platform for tools and machines Loja do Mecânico for BRL550m (approximately USD101m). The transaction reportedly brings the company’s valuation to BRL1b (approximately USD183m). Read more… Read More
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