FPL Technologies, an India-based fintech that operates credit card brand OneCard, raised a USD100m+ Series D led by Temasek subsidiary MacRitchie Investments at a USD1.4m reported valuation, with participation from Sarv Investments and follow-on from QED, Sequoia India, Matrix India, and Hummingbird Ventures. Read more… Read More
The Rohatyn Group acquired Bulgaria-based electric bike maker Leader 96 from KJK Capital for an undisclosed amount. Read more… Read More
KKR reached a USD2.1b final close of its Asset-Based Finance Partners fund. The fund will target global private credit investments backed by large and diversified pools of financial and hard assets. Read more… Read More
Owl Ventures led a USD50m Series C for Preply, a Ukraine-based language learning marketplace, with participation from Swisscom Ventures, Orbit Capital and Przemyslaw Gacek (Grupa Pracuj) and follow-on from Diligent Capital, Hoxton Ventures, Educapital and Evli Growth Partners. Read more… Read More
Beijing Financial Street Capital, Hopu Investment and HOPU-ARM Innovation Fund, a joint venture fund launched by Hopu and semiconductor company Arm Holdings, led Series C extensions totalling CNY1b (~USD149m) for Iluvatar CoreX, a China-based semiconductor manufacturer. Read more… Read More
Valar Ventures reached a USD665m final close for its eighth venture fund. While the fund is US and Europe-focused, recent investments include ShopUp(Bangladesh), XanPool (Singapore), and Velocity and Simpl (India). Valar Ventures is backed by Peter Thiel (PayPal). Read more… Read More
Proparco and Ascent, through its Ascent Rift Valley Fund II, have acquired a majority stake in Kenya-based Diani Beach Hospital for an undisclosed amount. Read more here and here… Read More
Lightspeed Venture Partners reached a USD500m final close for its new early-stage fund focused on India and Southeast Asia. The close was part of a USD7.1b fundraise across four Lightspeed funds.. The firm also announced the launch of Lightspeed Faction, a crypto JV that will be run by Sam Harrison,… Read More
Nasdaq-listed SPAC Alpha Capital has agreed to merge with Semantix, a Brazil-based integrated data software developer, at an implied equity value of ~USD1b. Investors in Semantix include Banco Bradesco-backed 2bCapital, Crescera Capital and InovaBRA. Read more… Read More
OrbiMed led a USD80m round for LifeWell, a new brand resulting from the merger of India-based telemedicine platform MFine and India-based stem cell bank LifeCell International’s diagnostic business. In 2021, MFine raised a USD48m Series C round led by Moore Strategic Ventures and Beenext. Lifecell backers include OrbiMed Asia Partners… Read More
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