Tencent led a INR760m (approximately USD10.1.m) Series C for India-based self-publishing startup Pratilipi, with participation from Omidyar Network, Shunwei Capital, and Nexus Venture Partners. Read more… Read More
Development finance institution Proparco has invested USD20m in SPE AIF I, a fund managed by Africa- and Middle East-focused private equity firm SPE Capital Partners. The fund targets investments in Egypt, Morocco, and Tunisia. Read more… Read More
Asia-focused private credit investment fund manager ADM Capital has secured USD630m for its credit fund targeting mid-sized companies in Asia. ADM also recently appointed Neil Harvey, former CEO of Hong Kong and Greater China and Head of Asia Pacific Asset Management at Credit Suisse, as Executive Chairman. Read More
Middle East-focused venture capital firm Ibtikar Fund has made an undisclosed seed investment in Palestine-based meditation app Tawazon. Read more… Read More
Latin America-focused VC Mountain Nazca has exited Mexican used car marketplace Kavak via a secondary sale to SoftBank and General Atlantic. Mountain Nazca first invested in Kavak in 2016. Read more… Read More
Chinese VC Shiyu Capital led a CNY1.97b (approximately USD278m) Series A for China-based biopharmaceutical company Mabwell Biotech. Oriental Fortune Capital, Loyal Valley Innovation Capital, Haitong Innovation Capital Management, Founder H Fund, Haurong Rongde Asset Management, Huajin Capital, Sincere Capital, and Winfast Holding also participated in the round. Read More
TMT-focused VC Crystal Stream Capital, also known as Qingliu Capital, has invested in a multi-million dollar pre-Series A for Egypt-based B2B e-commerce platform MaxAB. Read more… Read More
Accion Venture Lab, the seed-stage investment initiative of financial inclusion-focused investment firm Accion, made an undisclosed investment in Colombian credit provider and financial education platform R5. Read more… Read More
Legend Capital led a USD15m Series B for South Korea-based Healingpaper, the operator of cosmetic surgery review platform GangnamUnni, with participation from new investors KB Investment and Hana Ventures. Read more… Read More
India-focused VC Chiratae Ventures has invested an undisclosed amount in India-based traveltech Rodeo Travel Technologies’ online ticket booking services app Railofy. Read more… Read More
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