Chinese AI technology developer Intellifusion has secured nearly USD141m in a pre-IPO round led by Utrust VC, Forebright Capital, and existing investor Walden International. Other investors in the round include CCB International, BOCOM International, BOC & Trust Private Equity Fund, Topping Capital, Tsinghua Holdings Capital, HCSD Capital, Sino-US… Read More
MENA-focused venture capital firm Raed Ventures led a USD6.6m Series A for Saudi Arabia-based digital B2B marketplace Sary, with participation from MSA Capital and Derayah Ventures. Read more… Read More
VC firm Lightbox Ventures led a USD10m debt and equity financing round for India-based furniture rental startup Furlenco. Lightbox and Dabur scion Saket Burman, who invested through his personal investment arm Chowdry Associates, provided equity financing. A group of ultra-high-net-worth individuals including Kris Gopalakrishnan, former CEO of Infosys,… Read More
Openspace Ventures and Intudo Ventures co-led a USD17m Series A+ for Indonesia-based agtech TaniHub, with participation from UOB Venture Management, Vertex Ventures, BRI Ventures, Golden Gate Ventures, and Tenaya Capital. Read more… Read More
Emerging markets impact investor LeapFrog Investments led a USD55m Series D for India-based genetic diagnostics firm MedGenome, with participation from existing investors Sofina and Sequoia Capital. Read more… Read More
Africa-focused private equity fund manager Adenia Partners has completed the sale of its 95% stake in Mauritian paint and coatings manufacturer Mauvilac to paint manufacturer AkzoNobel. Read more… Read More
China-focused private equity fund manager Hillhouse Capital led a USD1b Series F for Chinese edtech Yuanfudao, with participation from Boyu Capital as well as existing investors Tencent and IDG Capital. The funding increases Yuanfudao’s reported valuation to USD7.8b. Read more… Read More
Solar sector specialist asset manager NextEnergy Capital has acquired the first phase of a 108MW solar project in Mexico through NextPower III. This transaction is NextEnergy’s first acquisition in Mexico. Read more… Read More
Mexico-focused private equity fund manager Alta Growth Capital has sold 50% of its interest in three Mexican hospitals to RAG Capital Partners for MXN150m (USD6.2m). Read more… Read More
India-focused alternative asset manager Steadview Capital Management has invested INR1b (approximately USD13.5m) in India-based online beauty marketplace and retailer Nykaa. Read more… Read More
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