India-based online cancer care company Onco has raised USD7 million in a Series A financing round from venture capital fund managers Accel Partners and Chiratae Ventures, as well as strategic consulting and investment firm Dream Incubator. Through its online platform, Onco provides cancer patients with treatment advice and connections with… Read More
Tell Group, a private equity and corporate advisory firm focused on Europe, the Middle East, and North Africa, has led a USD4 million Series A financing round for Algeria-based ride-hailing and delivery platform temtem. The company plans to use the new capital to accelerate its growth and launch new products,… Read More
Philippines-based online payments company PayMongo has raised USD2.7 million in a seed round from US-based internet company Stripe; venture capital firms Founders Fund, Soma Capital, Global Founders Capital, and Y Combinator; and angel investors including PayPal co-founder Peter Thiel and Tinder co-founder Justin Mateen. PayMongo enables local merchants to process… Read More
Financial services-focused venture capital fund manager Quona Capital has led a USD7.5 million seed-stage financing round for Mexico-based digital banking company Klar. Other participants in the round include venture capital firms aCrew, FJ Labs, Arc Labs, and Western Technology Investment, as well as Santander Innoventures, the corporate venture capital arm… Read More
Africa-focused private equity firms Development Partners International (DPI) and Convergence Partners have invested USD54 million in Channel VAS, a UAE-based financial technology company. Channel VAS provides mobile financial, airtime credit, and data analytics services to mobile network providers and financial institutions to facilitate micro-loans. The company currently operates in over… Read More
Estonia- and US-based software developer Snackable AI has raised EUR1.3 million (approximately USD1.4 million) in seed funding led by Europe-focused seed-stage venture capital firm Tera Ventures. Other investors in the funding round include early-stage venture capital firm Superangel and Skype co-founder Jaan Tallinn. The company is currently developing an artificial… Read More
Asia-focused private credit fund manager SSG Capital has agreed to sell a 14.6 percent stake in Future Supply Chain Solutions (FSC), the logistics subsidiary of India-listed conglomerate Future Group, to Japan-based logistics company Nippon Express for INR3.9 billion (approximately USD55 million). Through the transaction, Nippon will also acquire an additional… Read More
Southeast Asia-focused private equity fund manager Northstar Group has invested in Tiki, a Vietnam-based e-commerce company. The investment is reportedly part of a USD100 million funding round with participation from venture capital firms Korea Investment Partners, STIC Investments, and Sparklabs Ventures. Separately, Northstar has invested in Vietnam-based co-working space operator… Read More
Global private markets investment manager Partners Group has agreed to acquire a 50 percent stake in EnfraGen, a Latin America-focused developer, owner, and operator of specialty power generation assets, from US-based industrial conglomerate Glenfarne Group. Glenfarne founded EnfraGen in 2015 and will retain a 50 percent stake in the company. Read More
Tell Group, a private equity and corporate advisory firm focused on Europe, the Middle East, and North Africa, has reached a first close for Tell Lebanon Infrastructure Fund. The fund, which is targeting a USD100 million final close, received commitments from more than 25 investors, including the Gulf Cooperation Council,… Read More
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