Grupo VI-DA, an Argentina-based developer of digital education products, has raised a financing round from emerging markets-focused venture capital firm Elevar Equity, philanthropic investment firm Omidyar Network and The Rise Fund, TPG’s global impact investment private equity fund. Grupo VI-DA plans to use the new funds to further develop its… Read More
Global venture capital fund manager Lightspeed Venture Partners has reportedly reached a final close for Lightspeed India Partners II with US$175 million in capital commitments from U.S.- and East Asia-based investors. The fund plans to back 25 to 30 India-based companies across a variety of sectors. While it will focus… Read More
Central and East Africa-focused impact investment fund manager XSML has invested in Uganda-based TMR International Hospital through the African Rivers Fund. Located in Kampala, TMR is a general hospital specializing in maternity, emergency and ear, nose and throat care. The company plans to use the new funding to expand into… Read More
China-based electronics producer Xiaomi—which is backed by private equity and venture capital fund managers DST Global, Hopu Investment Management, IDG Capital, Matrix Partners, Morningside Ventures, Qiming Venture Partners, Shunwei Capital Partners and Yunfeng Capital—has raised HKD37 billion (approximately US$4.7 billion) through its initial public offering on the Hong Kong Stock… Read More
MENA-focused venture capital firm Algebra Ventures, along with KISP Ventures, Arzan Venture Capital and Financial Horizon Group, has invested US$1.5 million in Jordan-based software developer POSRocket. The company, which provides cloud-based point-of-sale software for restaurants and retailers, plans to use the funds to expand its business in the region. Read More
Africa-focused private equity fund manager Alta Semper Capital has agreed to invest in Oncologie et Diagnostic du Maroc (ODM), a Morocco-based oncology, radiology and diagnostics group. ODM has established a network of seven health care centers in Morocco’s major cities through bolt-on acquisitions. The company reportedly plans to use the… Read More
Early-stage venture capital firm Artha India Ventures has reached a first close for its debut fund with INR400 million (approximately US$6 million) in capital commitments. Investors in the fund include publicly traded companies, India-based family offices and high-net worth individuals. The fund launched in June 2017 with a target of… Read More
China-focused private investment firm CITIC Private Equity Funds Management has reached a final close for its third U.S. dollar-denominated China-focused fund, reportedly exceeding its hard cap of US$2.2 billion in capital commitments. Launched in the fourth quarter of 2017, CPE China Fund III reached a first close in March 2018… Read More
India-based automobile parts manufacturer Varroc Engineering has raised INR19 billion (approximately US$282 million) through its initial public offering on the Bombay Stock Exchange and National Stock Exchange of India, facilitating an exit for India-focused growth equity fund manager Tata Capital. The offering included a total of 20 million shares sold… Read More
C-Bridge Capital, a China-focused private equity fund manager targeting opportunities in health care, has reached a first close for C-Bridge Healthcare Fund III with US$400 million in capital commitments. The fund reportedly launched in January 2018 with a target of US$650 million and a hard cap of US$800 million. It… Read More
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