West Africa-focused private equity firm Verod Capital Management has reached a final close with USD200 million in commitments for Verod Capital Growth Fund III. Investors in the fund include sovereign wealth funds, family offices, development finance institutions, asset managers, funds of funds, and foundations. The fund will invest in middle-market… Read More
Africa-focused venture capital firm CRE Venture Capital and global impact investor Omidyar Network have led a USD20 million Series A investment in Nigeria-based renewable energy solutions provider Rensource Energy. Other participants in the round include Inspired Evolution Investment Management, Proparco, EDP Renewables, Investisseurs & Partenaires, Sin Capital, and Yuzura Honda. Read More
SEAF, a global SME-focused impact investor, has invested in France-based, Africa-focused agtech company SOWIT. Using data analytics to synthesize historical climate data and drone- and satellite-based monitoring of current crop conditions, the company provides advisory services to African farmers deploying precision agriculture techniques. This is the fourth investment SEAF has… Read More
Middle East-focused venture capital firms Wamda Capital and Global Ventures have led a USD3 million Series A investment in Floranow, a UAE-based business-to-business online floral marketplace. Other investors in the round include Dash Ventures, Jabbar Internet Group, Sirocco Holdings, Adamtech Ventures, Zuaiter Holding Capital, HB Investments, and undisclosed angel investors. Read More
Middle East-focused venture capital firms Wamda Capital and Global Ventures have led a USD3 million Series A investment in Floranow, a UAE-based business-to-business online floral marketplace. Other investors in the round include Dash Ventures, Jabbar Internet Group, Sirocco Holdings, Adamtech Ventures, Zuaiter Holding Capital, HB Investments, and undisclosed angel investors. Read More
AWAK Technologies, a Singapore-based medical technology company, has raised USD40 million in a financing round led by Vickers Venture Partners, a global venture capital firm. Additional investors include SEEDS Capital, the Southeast Asia-focused investment arm of Enterprise Singapore, and Advanced MedTech, a Singapore-based medical technology company. AWAK develops treatment devices… Read More
Mexico-based digital bank albo has raised USD19 million in an extension to its Series A funding round led by Valar Ventures, a fintech-focused venture capital firm. albo initially raised USD7.4 million in Series A funding from Mountain Nazca, Omidyar Network, and Greyhound Capital in December 2018. The company plans to… Read More
SSG Capital Management, an Asia-focused private credit fund manager, has closed its fifth fund, SSG Capital Partners V, and a sidecar vehicle with USD2.7 billion in total commitments. Investors in the fund include Virginia Retirement System, which committed USD150 million in December 2018, and Pennsylvania Public School Employees’ Retirement System,… Read More
m.Paani Solutions, an India-based provider of retail digitization services, has received USD5.5 million in a Series A funding round led by AC Ventures, HenkelX Ventures, Candy Ventures, and angel investors Kevin Aluwi and Suvir Varma. Existing investors Chiratae Ventures and Blume Ventures also participated. m.Paani was founded in 2014 and… Read More
Brazil-based financial services company XP has raised USD2 billion in its initial public offering (IPO) on Nasdaq. The offering consisted of approximately 42.5 million primary Class A shares and 30 million Class A shares sold by XP’s existing backers at a price of USD27 per share. Global private equity fund… Read More
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