US- and Hong Kong-based venture fund Lever VC made an undisclosed pre-seed investment in TurtleTree Labs, a Singaporean company working with biotechnology to create the full nutritional content of milk. KBW Ventures and K2 Global participated in the round. Read more»… Read More
Greycroft and eVentures led a USD35m Series B in Flutterwave, a Nigerian payments fintech headquartered in California, with participation from Visa, Green Visor, CRE Venture Capital, Worldpay FIS, and Endeavor Catalyst. Flutterwave also signed commercial partnerships with Visa and FIS. Read more»… Read More
Kristal Advisors, which operates Singapore-based digital asset management platform Kristal.Al, has raised USD100m Series A round led by India-focused venture capital firm Chiratae Ventures and Desai Family Office. Read more»… Read More
The Sovereign Fund of Egypt (TSFE) and global growth market investor Actis have signed a memorandum of understanding (MOU) to help attract and steer private investment into Egypt and to cooperate in energy and infrastructure projects. The fund has a paid-in capital of EGP1b (USD63.5m). Read more»… Read More
Emirates Investment and Development Center and i-Cell Telecom Group made a USD1.4m investment in Dubai-based online freight marketplace Lorryz. Read more»… Read More
Dubai Cultiv8, a wholly-owned subsidiary of Mohammed Bin Rashid Fund for SMEs, made an undisclosed investment in Dubai-based last-mile delivery startup Fodel. Read more»… Read More
Central and Eastern European private equity fund Enterprise Investors sold prefabricated house manufacturer Danwood to Korean construction company GS Engineering and Construction for EUR140m (USD155.2m). According to Enterprise Investors, the total gross proceeds generated by the investment amount to EUR238m (USD264m), yielding a 9x total gross multiple of… Read More
UK development finance institution CDC Group has announced the commitment of USD39.2m to Verod Fund III and Adiwale Fund I, West Africa-based private equity funds targeting SMEs in the region, with commitments of USD19.2m and USD20m respectively. Read more»… Read More
African Infrastructure Investment Managers (AIIM) invested USD54m from its pan-African infrastructure fund AIIF3 in two Nigerian gas assets from Savannah Petroleum, a UK-based oil & gas company. AIIM now has a 20% minority stake in gas field Seven Uquo Gas and a 20% minority stake in Accugas, which… Read More
Chinese corporate training platform Yunxuetang raised a USD100m Series D led by China-focused private equity firm Centurium Capital. Existing investors YF Capital and SIG also participated in the round. Read more»… Read More
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