Yunfeng Capital and Gaorong Capital led a USD200m Series B for Sironax, a China-based clinical-stage biotech with a focus on the treatment of age-related degenerative disease, with participation from MSA Capital, a subsidiary of Abu Dhabi Investment Authority (ADIA), CBC Group, Long River Investments, LSV Capital, Superstring Capital and Future… Read More
Saudi Arabia’s sovereign wealth fund PIF committed USD300m to Rakiza Infrastructure Fund, a private infrastructure fund co-managed by Oman Infrastructure Investment Management (OIIM) and Equitix Investment Management with a focus on renewables, power and water, social infrastructure, telecommunications and transport and logistics assets in Oman and Saudi Arabia. The fund… Read More
Qiming Venture Partners led a USD22m Series A extension round for GluBio Therapeutics, a US- and China-based biotech focused on developing targeted protein degradation (TPD) drugs, with follow-on from Lilly Asia Ventures and Kaitai Capital. Read more… Read More
Insignia Ventures Partners reached a USD516m final close for its third venture fund. The vehicle invests in early-stage Southeast Asian startups. Read more… Read More
Omnivore Partners exited India-based agritech Eruvaka to Nutreco for a reported USD40-50m.Omnivore first invested in Eruvaka in its Series A in 2013, following on in its Series B in 2018. Nutreco has increased its stake in Eruvaka to 93.7% and plans to take full ownership in 2023. Read more… Read More
Oui Capital reached a ~USD11m first close for its second fund Mentors Fund II. The vehicle focuses on pan-Africa pre-seed- and seed-stage startups and has a target of USD30m. Read more… Read More
John Laing Group agreed to acquire Electribus Bogotá, comprising two Colombia-based electric bus concessions, for an undisclosed amount, providing an exit for Ashmore Group through its fund Ashmore Andean Fund II. Electribus is an availability-based public-private partnership project. Read more… Read More
Augment Infrastructure and the Danish Investment Fund for Developing Countries (IFU) agreed to invest USD85m in equity in Órigo Energia, a Brazil-based distributed generation solar energy company backed by TPG, ART-Circularis, MOV Investimentos and Mitsui. Read more… Read More
Actis, through its USD6b Energy 5 Fund, agreed to acquire a controlling stake in Yellow Door Energy, a UAE-based commercial and industrial solar platform, for an undisclosed amount. The IFC led a USD65m investment in Yellow Door Energy in 2019 with participation from Equinor, Arab Petroleum Investments Corporation, Mitsui and… Read More
India-based rural fintech Jai Kisan raised USD50m in equity and debt in the first tranche of its Series B round at a reported USD200-240m valuation. GMO Venture Partners, Yara Growth Ventures and DG Daiwa Ventures, as well as existing investors Blume Ventures, Arkam Ventures, Mirae Asset Capital and Snow Leopard… Read More
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