Brazil-based financial services and technology startup Nubank has raised a US$150 million investment round led by venture capital firm DST Global. New investors Dragoneer Investment Group and Thrive Capital Partners also participated in the round alongside existing investors Founders Fund, Redpoint Ventures, Ribbit Capital and QED Investors. Nubank plans to… Read More
Samena Capital, a principal investment group focused on the Indian subcontinent, the Middle East and North Africa, and Cenova Capital, a fund manager focused on health care in China, have invested US$83 million in Hong Kong-based medical services provider Virtus Medical Holdings. The company’s management team also participated in the… Read More
China-based online credit assessment and reporting company Wecash Technology has raised a US$160 million Series D funding round led by corporate venture capital firm ORIX Asia Capital and SEA Group. Susquehanna International Group (SIG), Sagamore Investments, Forebright Capital, Lingfeng Capital and Hongdao Capital also participated in the round. Wecash plans… Read More
IQGEN Holdings, an investment advisory firm focused on health care in Asia, has reached a final close for its debut fund with US$25 million in capital commitments. Investors in the Vantage fund include high-net worth individuals and family offices. The fund, which will invest in markets including India, Malaysia, Singapore… Read More
India-focused venture debt fund manager Alteria Capital has reached a first close for Alteria Capital India Fund I with INR3.56 billion (approximately US$55 million) in capital commitments. Investors in the fund include India-based IndusInd Bank and a family office foundation. The fund, which is targeting INR8 billion (approximately US$123 million)… Read More
China-based internet and technology company Tencent Holdings has led a US$818 million Series C investment round for China-based used automobile retail platform Chehaoduo, previously known as Guazi. Existing investors Sequoia Capital China, H Capital, DST Global, Capital Today, Shougang Fund and Shanhang Capital Investment also participated in the round, along… Read More
India-focused venture capital fund manager WaterBridge Ventures has reached a final close for its maiden fund with US$30 million in capital commitments. The fund will make early-stage investments in technology-focused startups across various sectors in India. Read More
Central & Eastern Europe-focused private equity fund manager Abris Capital Partners has agreed to acquire a majority stake in Poland-based personal hygiene product manufacturer Velvet CARE. Abris will invest through Abris CEE Mid-Market Fund III. Velvet CARE will partner with Abris to expand operations in Poland and the region. Financial… Read More
South Africa-focused alternative investment fund manager Ethos has acquired a 31 percent stake in South Africa-based internet service provider Echo. The company, which provides internet connectivity and cloud computing services to corporations in South Africa, plans to partner with Ethos to grow operations in the region. Ethos invested through Ethos… Read More
Global energy and resources-focused private equity fund manager Denham Capital has established a new Africa power investment platform in partnership with project development and investment advisory firm Themis. Denham and Themis will invest up to US$250 million in equity to develop natural gas-fired and renewable power generation assets across Africa. Read More
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