Sharif El-Badawi and Hasan Haider, former managing partners of 500 Startups’ Falcons Fund, have founded Plus Venture Capital (+VC) and launched its debut fund with a reported initial target of USD60m to be invested in early-stage tech startups in the Middle East and North Africa. Read more… Read More
China Creation Ventures has reached a USD300m final close for CCV Fund II, its second USD-denominated fund. The vehicle will target early-stage investments in the TMT sector in China. Read more… Read More
GIC and Sequoia Capital India led a USD100m Series D for India-based fintech Razorpay, with participation from existing investors Ribbit Capital, Tiger Global, Y Combinator, and Matrix Partners. The investment reportedly brings the company’s valuation to over USD1b, granting Razorpay unicorn status. Read more… Read More
AC Ventures has reached a USD56m first close for ACV Capital III. The fund, which targets USD80m, will invest in early-stage companies in Indonesia. Read more… Read More
SHUAA Capital has launched SHUAA Financing Opportunities Fund with an initial target of USD200m. The vehicle, which targets special situations in the GCC, has attracted USD68m in commitments to date. Read more… Read More
Archipelago Capital Partners has acquired a 60% stake in Malaysia-based dessert and beverage chain Coolblog from government-backed PE firm Ekuinas for MYR75m (approximately USD18m). Read more… Read More
TLG Capital has acquired a 49% stake in Uganda-based commercial bank Opportunity Bank Uganda (OBUL) through its Credit Opportunities Fund. TLG is now the largest shareholder of OBUL as a result of the transaction. Read more… Read More
Proparco and Bpifrance have announced the launch of Averroès Africa, their fourth fund of funds dedicated to African funds investing in startups and SMEs in Africa. The vehicle has an initial target size of EUR100m (approximately USD118m), with a EUR55m (approximately USD65m) first close expected by the end… Read More
Chiratae Ventures has invested INR235m (approximately USD3.2m) in the ongoing Series A of India-based agtech Ergos for a 17.6% stake in the company. Aavishkaar Capital has also committed INR350m (approximately USD4.8m) for a 26.22% stake as part of this round. Read more… Read More
Abris Capital Partners has acquired a majority stake in R2G Polska, a Poland-based e-commerce delivery solutions provider operating under the Apaczka brand, from Concordia 21. Read more… Read More
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