Lavoro, a Brazil-based agricultural inputs retailer backed by Patria Investments, agreed to list on the Nasdaq through a SPAC merger with TPB Acquisition Corporation I, sponsored by investment holding company The Production Board (TPB), at an implied enterprise value of ~USD1.2b. The merger will include a USD180m contribution by the… Read More
AfricInvest, through its Cathay AfricInvest Innovation Fund, and Novastar Ventures led a USD10m Series A for Turaco, a Kenya-based insurance and credit solutions platform, with participation from Enza Capital, Global Partnerships, Zephyr Acorn, Operator Stack, Asi Ventures and Push Ventures. Read more… Read More
RappiPay, a Colombia-based payments platform joint venture between Rappi and Banco Davivienda, secured a USD11m syndicated credit line from Bancolombia, Banco de Bogotá, Davivienda and Itau. Read more… Read More
Dragon Ball Capital and Genbridge Capital led a CNY600m (~USD86m) Series A for Xueji Chaohuo, a China-based retailer of roasted seeds and nuts. Read more… Read More
Jeneration Capital led a USD10m+ Series A for Vesoft, a China-based open-source graph database developer, with follow-on from Matrix Partners, Red Dot Ventures and Source Code Capital. Read more… Read More
China Development Fund and Jiangsu Jiequan led a CNY1.37b (~USD196m) Series B for Horizon New Energy Technology, a China-based manufacturer of lithium-ion battery separators, at a reported USD1b valuation with participation from China Structural Reform Fund, GF Qianhe Investment, CoStone Capital, Industrial Securities and CCB Principal Asset Management, and follow-on… Read More
Innova Capital and the European Bank for Reconstruction and Development (EBRD) exited their 25% stake in EnergoBit, a Romania-based energy services company, to the company’s founders for an undisclosed amount. Read more… Read More
Sahyadri Farms, an India-based provider of end-to-end solutions to small farmers, raised a INR3.1b (~USD39m) round led by Incofin, Korys, FMO and Proparco. Read more… Read More
Everstone Capital acquired a controlling stake in Softgel Healthcare, an India-based niche dosage manufacturer specializing in global nutraceutical, pharmaceutical and over the counter drugs, for an undisclosed amount at a reported USD125m valuation. Read more here and here… Read More
KASZEK and Y Combinator led a USD5m investment for DolarApp, a Mexico-based fintech that allows users to open a bank account converting Mexican pesos to dollar stablecoin USD Coin (USDc), with participation from a group of over 50 angel investors. Read more… Read More
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