Hungarian VC PortfoLion has invested a EUR2.11m (approximately USD2.5m) Series A for edrone, a Poland-based e-commerce CRM platform that provides advanced marketing automation solutions. The capital will fund research and business development in Central and Eastern Europe and in Latin America. Read more… Read More
Gulf Capital has acquired a majority stake in CWB Group, an intellectual property services provider with operations in the Middle East and North Africa, for an undisclosed amount. Read more… Read More
Sequoia Capital India and Flourish Ventures led a USD22.5m Series A for ShopUp, a Bangladesh-based B2B platform for MSMEs, with participation from Speedinvest, Veon Ventures, and Lonsdale Capital Singapore. Read more… Read More
CITIC’s alternative asset manager CPE led a CNY1.5b (approximately USD224m) investment in 3DMed Diagnostic, a China-based cancer diagnostics company spun out of 3D Medicines, with participation from CICC Capital, Jemincare, Tsing Song Capital, Spinnotec, Haier Biomedical, Ruiyi Investment, and LanShang Capital. Read more… Read More
Source Code Capital has reached a CNY3.8b (approximately USD567m) final close for its fourth RMB-denominated VC fund. Source code invests in the industrial internet of things (IIoT), intelligent manufacturing, robotics firms, and consumer-facing companies in the new consumption sector. Read more… Read More
KKR has purchased a 37.39% stake in South Korean water sewage treatment company TSK Corporation from SK E&C, Huvis, and SK Discovery. KKR will have the second largest equity ownership after Taeyoung E&C with 62.61%. Read more… Read More
Mid Europa Partners has agreed to sell 24% of its interest in Hungary-based freight and logistics company Waberer’s International to real estate investment and development business Indotek. The transaction is expected to close by Q1 2021. Read more… Read More
Stripe has agreed to acquire Paystack, a Nigeria-based fintech backed by Beenext and Ingressive Capital, for a reported USD200m+. The terms of the deal are undisclosed. Read more… Read More
Wind Ventures, monashees, and KaszeK Ventures have invested a USD12m Series A for Colombia-based e-commerce platform Chiper. Read more… Read More
Innova Capital exited logistics operator PEKAES via a sale to France-based global supply chain operator GEODIS. The terms of the transaction were undisclosed. Innova Capital also made an undisclosed investment in Polish software company STX Next. Read more about the PEKAES exit or STX investment… Read More
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