DEG has disclosed a USD40m investment in AfricInvest Fund IV signed in June 2020. The vehicle, which targets USD500m and is managed by pan-African private equity fund manager AfricInvest, will focus on mid-market growth capital transactions in Africa. Read more… Read More
Walmart-backed Flipkart and existing investor Accel Partners have invested an undisclosed Series F for India-based fashion brand house Universal Sportsbiz (USPL). Read more… Read More
Hony Capital has reached a USD130m final close for Hony Ventures Fund I, a vehicle targeting early-stage investments in the consumer, internet, and digital enterprise service sectors in China. Read more… Read More
Sierra Ventures led a USD1.75m seed round for Podcastle, an Armenia-based text-to-speech converter that uses artificial intelligence to convert news into podcasts, with participation from AI fund and Correlation VC. Read more… Read More
SP Ventures has invested BRL14m (approximately USD2.4m) in Brazil-based agricultural credit company Traive, with participation from Bread & Butter Ventures and Techstars. Read more… Read More
Openspace Ventures and Mandiri Capital led an undisclosed Series A for Indonesia-based omnichannel sales SaaS platform iSeller. Read more… Read More
Astella Investimentos led a BRL8m (approximately USD1.4m) investment in Brazil-based HRtech BossaBox, with participation from Redpoint eventures and MIT Angels. Read more… Read More
The National Investment and Infrastructure Fund (NIIF), through its NIIF Master Fund, has acquired two toll road projects from Essel Group for an estimated INR15-18b (approximately USD201-241m). Read more… Read More
Monk’s Hill led a USD6m Series A for Logisly, an Indonesia-based trucking logistics platform. Read more… Read More
KKR has made an undisclosed investment in Philippines-based telecom tower builder and operator Pinnacle Towers through its infrastructure fund. Read more… Read More
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