Tencent Holdings, Hillhouse’s VC arm GL Ventures, and Yunfeng Capital led a CNY1.2b (approximately USD176m) Series F for China-based medical SaaS startup Taimei Technology, with participation from Zheshang Venture Capital, Morningside Venture Capital, Matrix Partners China, SBCVC, Cowin Capital, Ivy Capital, Beijing Future Startup Fund Management, and Fanzhuo… Read More
Stripe led a USD12m Series A for Philippines-based fintech PayMongo, with participation from existing investors Y Combinator and Global Founders Capital, and new investor Bedrock Capital. Read more… Read More
AfricInvest Private Credit has agreed to provide a trade finance facility to Rwanda-based Africa Medical Supplier. Terms and size of the investment are undisclosed. Read more… Read More
500 Startups, Phoenician Funds, Kafalat iSME, Mulcan Investment, Seeders, Crescent Capital, and Dubai Angel Investors invested a USD1.8m pre-Series A for Lebanon-based edtech Synkers. The round was led by Dr. Lama and Dalia Al Sulaiman of Saudi conglomerate Rolaco Holdings. Read more… Read More
Glisco Partners has acquired a 30.1% stake in Mexico-based distiller Mezcal Amores for an undisclosed amount through Glisco Partners IV. Read more… Read More
Brazil-based logistics company Hidrovias do Brasil has raised BRL3.4b (approximately USD608m) in its IPO, facilitating an exit for shareholders including Pátria Investimentos, BNDES, Temasek, and AIMCo. Read more… Read More
Ascendent Capital Partners has invested USD500m in China-based supermarket retailer Wumart. USD150m has been invested through Fund III, USD50m through Fund II, and the remaining USD300m through a co-investment. Read more… Read More
BA Capital (also known as Black Ant Capital) has reached a USD147m final close for its second RMB-denominated fund and a USD100m first close for its first US-denominated fund. Read more… Read More
monashees, Caravela Capital, Pear Ventures, NBV, and MELI have invested BRL20m (approximately USD3.5m) in Brazil-based proptech EmCasa. Read more… Read More
Taikang Insurance, Highlight Capital, and Zhongyuan Capital led a USD200m Series C for Xingyun Group, a China-based supply chain provider for imported goods from foreign countries, with participation from Morningside Ventures, Yinshan Capital, C&D Xinxing Investment, Singnah Capital, Pansheng Assets, and existing shareholders Matrix Partners China and Shuyuan… Read More
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