Atlantico, MAYA Capital and Andreessen Horowitz led a USD7.5m seed round for Fudo, a Brazilian POS and restaurant management platform, with participation from Collaborative Fund, Goodwater and Latitud. Read more… Read More
Prosus Ventures acquired a 33.3% stake in Brazil-based last-mile delivery platform iFood from Just Eat for ~USD1.5b in cash and an additional USD300m earnout. Prosus first invested in iFood through Movile in 2013. Read more… Read More
Prosus agreed to acquire the remaining 33.3% stake in iFood, a Brazil-based online food ordering platform, from Just Eat for EUR1.5bn (~USD1.5b) in cash plus a contingent consideration of up to EUR300m (~USD304m). Following the transaction, Prosus and its affiliate Movile will have full ownership of iFood. Read More
TGVest Capital led a USD70m Series B for TXOne Networks, a Taiwan-based cybersecurity platform for industrial loT, with participation from KAiA Capital, CDIB Capital Group, MediaTek and others, and follow-on from JAFCO Asia, Purestone Silks Investment Fund and others. Read more… Read More
Covalto, a Mexico-based digital and banking services platform formerly known as Credijusto, agreed to list on the Nasdaq through a SPAC merger with LIV Capital Acquisition Corp. II (LIVB). The fintech’s listing accompanies USD60m in financing, including USD30m in new financing from LIVB sponsor LIV Capital. Covalto is backed by… Read More
3TS Capital, through its second Catalyst Romania fund, acquired a minority stake in evoMAG, a Romania-based e-commerce retailer, for EUR2m (~USD2m). Read more… Read More
Verdant Capital, through its Hybrid Fund, agreed to provide USD7m in subordinated debt to Watu Credit, a Uganda-based provider of two-wheeler financing for motorbike taxi drivers. Read more… Read More
Pomelo, an Argentina-based payments infrastructure platform for fintechs launching prepaid cards and credit cards, raised a USD15m Series A extension with participation from Section 32 and follow-on from Monashees, SciFi and Index Ventures. Tiger Global led a USD35m Series A in November 2021. Read more… Read More
Tiger Global led a USD22.6m Series B at a reported USD300m valuation for India-based fintech Jar with participation from Folius Ventures, Panthera Capital, Prophetic Ventures, Yes VC, Adam Nash (WealthFront) and Zachary Hargreaves (Founders Fund) and follow-on from Arkam Ventures, Rocketship.vc and WEH. Read more… Read More
Blackstone sold a 13.6% stake in India-listed auto parts maker SONA BLW Precision Forgings for over INR40b (~USD504m) through open market transactions. Blackstone acquired the company from JM Financial Group in July 2019 for INR12.1b (~USD176m) and sold a partial stake through SONA BLW’s INR56b (~USD749m) IPO in June 2021. Read More
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