Naspers Foundry, Nasper’s early-stage tech investment vehicle, has made an undisclosed investment in Food Supply Network, a South Africa-based B2B marketplace that integrates ordering systems of manufacturers, distributors, and buyers of food products. Read more… Read More
Itaú Unibanco and Bradesco led a USD15m investment for Brazil-based fintech Quanto, with participation from KaszeK Ventures and Coatue Management. Read more… Read More
Helios Investment Partners has launched Africa Specialty Risk Group (ASR), a reinsurance business, in partnership with AXA Africa Specialty Risks former CEO Mikir Shah and Bryan Howett, the former CEO of Old Mutual’s pan-African reinsurance operations. Helios is investing in ASR through its latest fund, Helios Investors IV. Read More
Warburg Pincus has sold a 14.5% stake, a third of its overall stake, in India-based registrar and transfer agent CAMS for INR7.5b (approximately USD102m) ahead of the company’s IPO on 21 September 2020. Warburg will retain a 29% stake in the company. Read more… Read More
Endeavor has reached a USD134m final close for its third co-investment vehicle, Endeavor Catalyst Fund III, through which the firm will continue investing in the Series A, B, and C of Endeavor Entrepreneurs. Read more… Read More
KKR has reached a USD11b+ first close for its KKR Asian Fund IV. The vehicle, which targets USD12.5b, will make pan-Asia investments with a focus on control buyout transactions. Read more… Read More
FMO has committed USD10m to XSML’s African Rivers Fund III, a vehicle targeting investments in SMEs in Central and Eastern Africa which reached a USD54m first close in September 2020. Read more… Read More
A consortium of investors led by Naver Corporation and including Mirae Asset-Naver Asia Growth Fund and NH Investment & Securities has invested USD80m in Singapore-based online classifieds marketplace Carousell. Read more… Read More
Existing investor General Atlantic led a USD200m investment for Uruguay-based cross-border payment processor dLocal, with participation from Addition. The deal brings dLocal’s valuation to USD1.2b, making it the first unicorn in Uruguay. Read more… Read More
VentureFriends led a EUR10m (approximately USD12m) debt and equity funding for Spotawheel, a used car marketplace with operations in Greece and Poland, with participation from existing investors Velocity Partners and FJ Labs. Read more… Read More
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