Legend Capital, an independent venture capital unit of China-based conglomerate Legend Holdings, led a USD13m Series C1 for India-based interactive online tutoring platform Vedantu, with participation from global impact investor Omidyar Network. Vedantu previously raised USD66m from Tiger Global and GGV Capital. Read more… Read More
Brazil-based private equity firm Ore Investments has reached a USD46m first close for its mining-focused fund Ore Mining Private Equity I FIP. Read more… Read More
Existing investors Sequoia Capital, Hillhouse Capital, and Digital Sky Technologies (DST) led a USD150m Series E for South Korea-based online grocery delivery startup Kurly. The company is reportedly now valued at USD780m. Read more… Read More
China- and US-focused venture capital fund manager Qiming Venture Partners has reached a USD1.1b final close for its Qiming Venture Partners Fund VII. The vehicle targets early-stage health care and TMT investments. Read more… Read More
SoftBank invested USD48m from its Latin America fund in Brazil-based online pet product retailer Petlove to accelerate the company’s growth to meet higher demand for online services during the social isolation mandated by Brazilian authorities. Latin American VCs KaszeK Ventures and monashees, as well as PE firm Tarpon… Read More
German development finance institution DEG has agreed to provide USD40m in financing to Kenya-based agricultural commodity trader and supply chain manager ETG Group. Read more… Read More
LGT Lightstone, the impact investing arm of global bank and alternative investment fund manager LGT, led a USD80m Series E for Brazil-based transportation startup CargoX with follow-on from Valor Capital, Goldman Sachs Growth Equity, and Farallon Capital. Read more… Read More
Global private equity fund manager H.I.G. Capital led a USD65m investment in Brazil-based full service logistics firm Modern Logistics through a convertible debt with participation from other investors including unnamed family offices. Read More
LGT Lightstone Aspada, the India-focused impact investment arm of LGT Lightstone, led a USD7m Series A for India-based healthtech Akna Medical. Read more… Read More
Kuwait-based asset management firm Wafra International Investment Company led a USD20.6m Series A for UAE-based agtech Pure Harvest Smart Farms. Wafra has invested USD10m in the company as part of a multi-stage investment commitment of USD100m to support expansion in the Middle East. Read more… Read More
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