Asia-focused private equity fund manager STIC Investments has invested KRW600 billion (approximately USD513 million) in the Malaysia unit of South Korea-based electronic components developer ILJIN Materials. ILJIN Materials Malaysia produces copper foils for use in rechargeable lithium batteries and semiconductors, and plans to use the new capital to increase the… Read More
Nigeria-based education platform uLesson has secured USD3.1 million in a seed funding round led by TLcom Capital, a media and technology-focused venture capital fund manager. uLesson produces educational content for secondary schools, allowing users to access personalized learning modules, practice tests, region-specific mock tests, and performance and progress reports. The… Read More
UAE-based media monitoring platform Crowd Analyzer has raised USD3.5 million in a Series A investment round led by Middle East-focused private investor TechInvest. Other participants in the round include venture capital investors Wamda Capital, Arzan Capital, Faith Capital, and Daring Capital. The company analyzes publicly available data from social media… Read More
Palestine-based fitness application Inggez has secured an investment from Middle East-focused venture capital firm Ibtikar Fund. Inggez partners with a variety of gyms and fitness studios, offering users on-demand access to fitness venues through its mobile application. The company will use the new capital to expand in Egypt and test… Read More
Singapore-based digital payments platform 2C2P has raised USD52 million in new funding from global development finance institution IFC and Asia-focused venture capital investors Cento Ventures and Arbor Ventures. 2C2P operates across Southeast Asia, North Asia, the United States, and Europe, with a focus on ASEAN countries. The capital will help… Read More
Mexico-focused private investment fund manager Nexxus Capital has divested its stake in Krispy Kreme Mexico, a Mexico-based subsidiary of Taco Holding, to the global brand owner Krispy Kreme Doughnut Corporation. Nexxus began investing in Taco Holding’s subsidiary restaurants in Mexico in 2011. Financial details of the transaction were not disclosed. Read More
India-based digital payments company Paytm has raised USD1 billion in an investment round led by US-based asset manager T. Rowe Price. Additional participants in the round, which reportedly values the company at USD16 billion, include the SoftBank Vision Fund, China-based online payment platform Ant Financial, and global venture capital investor… Read More
Heetch, a France-based ride hailing mobile platform, has secured USD42 million in Series B funding for expansion in francophone Africa. Pan-African private equity and venture capital fund manager AfricInvest will contribute USD4 million to the round, adding to the USD38 million raised from Cathay Capital Private Equity, Total Ventures, Idinvest… Read More
Brazil-focused alternative asset manager Patria Investments has agreed to sell Argo Energia, a Brazil-based power transmission company, to Colombia-based Energía Bogotá and Spain-based Rede Eléctrica for BRL3.5 billion (approximately USD835 million). The company operates 1,400 kilometers of transmission lines, linking energy generation assets, distributors, and consumers. Patria created the business… Read More
Poland- and Central Europe-focused private equity fund manager Value4Capital (V4C) has agreed to acquire a majority stake in Summa Linguae Technologies, a Poland-based language technology service provider, for PLN54 million (approximately USD14 million). V4C Poland Plus Fund will purchase 1.016 million existing shares from select shareholders at a price of… Read More
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