LGT Lightstone, the impact investing arm of global bank and alternative investment fund manager LGT, has led a USD26 million Series B investment in Copia Global, a Kenya-based e-commerce company serving low-income and rural customers. Other participants in the funding round include Perivoli Innovations, ELEA, Endeavor Catalyst, and Goodwell Investments,… Read More
India-based health care platform PharmEasy has raised USD220 million in an investment round led by Singaporean sovereign wealth fund Temasek Holdings. Additional investors in the round, which reportedly values the company at USD700 million, include Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ); asset management group LGT;… Read More
Global venture capital fund manager Lightspeed Venture Partners has led an EUR128 million (approximately USD141 million) Series E funding round for Vinted, a Lithuania-based second-hand fashion e-commerce company. Additional investors in the round, which reportedly values the company at more than USD1 billion, include previous backers Sprints Capital, Insight Venture… Read More
China-focused private capital investors Primavera Capital Group and FountainVest Partners have acquired a 25 percent stake in China-listed retail pharmaceutical chain Laobaixing Pharmacy Chain (LBX) from global private equity fund manager EQT Partners for USD557 million. FountainVest China Capital Partners Fund III and Primavera Capital Fund III acquired a total… Read More
Africa-focused growth equity fund manager Mediterrania Capital Partners has agreed to invest in Akdital Holdings, a Morocco-based medical clinic operator, through Mediterrania Capital III. The group owns five multidisciplinary clinics with capacity for 550 beds in total and will use the new capital to support its expansion plans. Financial details… Read More
South Africa-focused alternative asset manager Ethos has agreed to recapitalize Brait, a South Africa- and Luxembourg-listed investment holding company, in partnership with the company’s existing shareholders. Ethos Private Equity Fund VII and Ethos’ listed vehicle Ethos Capital will invest ZAR1.35 billion (approximately USD91 million) in the company, with Fund VII… Read More
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
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