Saama Capital led a USD3m Series B for Intello Labs, an India-based agricultural supply chain platform, with follow-on from Avaana Capital, Omnivore, Nexus Ventures and AgFunder at a USD77m valuation. Read More… Read More
Letswork, a UAE-based co-workspace provider, raised a USD2m seed round from 500 Global, DTEC Ventures, The Space and angel investors. Read More… Read More
Beyond Capital Ventures reached a final close for its venture capital fund, which is focused on India- and East Africa-based early-stage companies in sectors including healthcare, climate adaptation and fintech. Read More… Read More
Amethis acquired a ~30% stake in Globex Group, a Morocco-based provider of courier, freight, transit and storage services operating under brands including FedEx Express. Read more here and here. Read More
The infrastructure business of Goldman Sachs Asset Management agreed to invest in Goodpack, a Singapore-based provider of reusable metal storage containers. KKR took Goodpack private in 2014 for SGD1.4b (~USD1.1b). Read More… Read More
Old Mutual Alternative Investments (OMAI), through its Hybrid Equity fund, invested ZAR420m (~USD24m) to increase its stake in Mulilo, a South Africa-based renewable energy independent power producer. Hybrid Equity has been a shareholder in Mulilo since 2015. Read more… Read More
Studenac, a Croatia-based retail chain backed by Enterprise Investors, acquired Toni Marketi, a retailer operating 12 stores on the central Croatian Adriatic coast. Read More… Read More
Global Ventures’ Nclude fund led a USD3m seed round for OneOrder, an Egypt-based restaurant supply chain platform, with participation from A15 and Delivery Hero Ventures. Read More… Read More
Urban Innovation Fund led a USD4.4m seed round for Plenna, a Mexico-based women’s healthcare platform, with participation from Collaborative, 1984, Bridge Latam, Amador Holdings, Nido Ventures, Integra Groupe and Phoenix Club, and follow-on from 500 Global and Canary. Read More… Read More
European Bank for Reconstruction and Development (EBRD) committed EUR5m (~USD5m) to 500 Istanbul Fund II, 500 Global’s second Turkey- and CEE-focused fund. Read More… Read More
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