DP World-owned Imperial completed the acquisition of a 51% stake in J&J Group, a Mozambique-based logistics company backed by Alterra Capital Partners and Ethos, at an enterprise value of USD300m. Imperial agreed to acquire 100% of J&J Group in 2021 and will acquire the remaining 49% stake through the second… Read More
Sudan-based digital banking startup Bloom raised a USD6.5m seed round from Global Founders Capital, Y Combinator, Visa, Goodwater Capital, VentureSouq and angels. Read more… Read More
Multiples Alternate Asset Management invested USD30m in India-based consumer-focused fintech Niyo. Read more… Read More
Accession Capital Partners reached a EUR90m (~USD91m) first close for its ACP Credit Fund I. The vehicle, which has a target of EUR200m (~USD203m), will provide senior-secured debt to high-growth SMEs in Central Europe that are seeking to grow organically or through acquisitions or to refinance existing bank debt. Read More
AfricInvest and Cathay Capital reached a EUR110m (~USD111m) final close for their joint pan-African venture fund focusing on early- to growth-stage startups in fintech, mobility, healthtech, edtech, AI, digital content and agtech verticals. The vehicle received commitments from EIB, AfricaGrow, FMO, Bpifrance, AfDB, Triodos Investment Management, Proparco, SIFEM, BIO and… Read More
B Capital Group reached a USD250m final close for Ascent Fund II, its first early-stage venture fund. The vehicle will invest in pre-seed through Series A rounds globally with an emphasis on U.S. and Asia. Read more… Read More
500 Global led a seed round for Modesta, a Palestine-based fashion e-commerce startup, with participation from the Innovative Private Sector Development Project (IPSD) program funded by the World Bank and angel investors, for an undisclosed amount. Read more… Read More
Investisseurs & Partenaires (I&P) has launched I&P Digital Energy, a EUR4m (~USD4m) seed financing program funded by the European Commission and implemented by the French Development Agency, Gaia Impact Fund and I&P. The program will invest in 12 startups and SMEs focused on the energy transition and operating in sub-Saharan… Read More
Glade Brook Capital Partners led a USD20m round for KitaBeli, an Indonesia-based social commerce platform, with participation from InnoVen Capital and follow-on from AC Ventures and GoVentures. Read more… Read More
C5 Capital invested USD50m in Cassava Technologies, an Africa-focused, Zimbabwe-founded IT provider. C5 portfolio company Haven Cyber and Cassava had previously established a joint venture to scale Microsoft’s cybersecurity products across Africa. Read more… Read More
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