KaszeK Ventures Leads USD18.5m Series A for Brazilian Brokerage Ideal
KaszeK Ventures led a BRL100m (approximately USD18.5m) Series A for Brazil-based brokerage Ideal. The round is pending approval by the Brazilian Central Bank. Read more… Read More
General Atlantic and SoftBank Latin America Fund Lead USD108m Series B for Brazilian SaaS Company Acesso Digital
General Atlantic and SoftBank Latin America Fund led a USD108m Series B for Brazil-based ID protection solutions provider Acesso Digital. Read more … Read More
Morningside Venture Capital Reaches USD148m Final Close for Second RMB-Denominated Fund
Morningside Venture Capital has reached a CNY1b (approximately USD148m) final close for its second RMB-denominated fund targeting investments in early- and growth-stage companies in the technology innovation sector in China. Read more… Read More
Panlin Capital Reaches USD148m Final Close for Technology Innovation Fund
Panlin Capital has reached a CNY1b (approximately USD148m) final close for its first technology innovation fund targeting tech investments in the health care sector. Read more… Read More
Indus Valley Leads USD1m Investment in Pakistani Women’s Fitness Startup AimFit
Indus Valley Capital led a USD1m seed round for Pakistan-based women’s fitness startup AimFit, with participation from the founding team of Atoms, an unnamed unicorn founder, and angel investors. Read more… Read More
Sawari Ventures Invests in USD5m Pre-Series A for Egyptian AI-Powered Concierge App Elves
Sawari Ventures has invested in a USD5m pre-Series A for Elves App, an Egypt-based AI-powered concierge app for on-demand services. Read more… Read More
Faith Capital Invests USD8m Series B for Kuwait’s Laundry Marketplace Platform JustClean
Faith Capital Holding has invested a USD8m Series B for Kuwait-based laundry marketplace platform JustClean. Faith Capital acquired the startup in 2017. Read more… Read More
Blackstone Sells 23% Stake in Indian Packaging Company Essel Propack for USD251m
Blackstone Group has sold 27.55m shares, the equivalent of a 23% stake, in India-based packaging company Essel Propack for INR18.5b (approximately USD251m). Blackstone first invested in the company in April 2019 and will now hold a 52% stake. Read more… Read More
JP Morgan Exits Stake in Indian Software Services Provider Happiest Minds for USD61m via IPO
JP Morgan CMBD II has fully exited its 19.43% stake in India-based software services provider Happiest Minds for INR4.5b (approximately USD61m) via the company’s INR7b (approximately USD95m) IPO. JP Morgan first invested in the company in March 2015. Read more… Read More
ABC Fund Invests Combined USD1.4m in Two West African Agribusinesses
The Agri-Business Capital Fund (ABC Fund), a vehicle managed by Bamboo Capital Partners in partnership with Injaro Investments, has invested a combined EUR1.2m (approximately USD1.4m) in Ghana-based tubers and vegetables processor Maphlix and in Burkina Faso-based cashew nut processor Anatrans. Read more… Read More
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