Sorin Investments reached a USD100m first close for its debut India-focused venture fund. The vehicle will invest in Series A to C startups and has a target of USD130m. The fund was co-founded by Sanjay Nayar (KKR) and Angad Banga (Caravel Group). Read more… Read More
NIIF agreed to acquire an equity stake in the Indian tunnel road Navayuga Quazigund Expressway (NQEPL) through its NIIF Master Fund at a USD380m enterprise value. Read more here. Read More
Macquarie Asset Management, through its fund Macquarie Infrastructure Partners V (MIP V), agreed to invest BRL500m (USD92m) in Brazil-based port operator CLI. The deal will facilitate CLI’s acquisition of an 80% stake in Brazil-based Elevações Portuárias (EPSA), a subsidiary of Rumo, for BRL1.4b (~USD259m). MIP V will hold a 50%… Read More
Dayone Capital led an undisclosed Series D3 for Nezha Auto, also known as Neta, a China-based electric car brand established in 2018 by Hozon Auto. Read more… Read More
BAI Capital, GGV and GIC led a USD50m round for Stori, a Mexico-based credit card issuer for the underbanked, at a reported USD1.2 valuation, with follow-on from Lightspeed, General Catalyst, Vision Plus Capital, Goodwater Capital and Tresalia Capital. Stori also secured USD100m in debt financing. Stori raised a USD125m Series… Read More
HHealthQuad led a USD20m Series B for Wysa, an India-based AI-powered mental health support platform, with participation from BII. Read more here and here. Read More
Norfund and KLP acquired an equity stake in CrossBoundary Energy, a Kenya-based commercial and industrial renewable energy company, for USD40m through their joint company KLP Norfund Investments. CrossBoundary previously raised USD40m in equity from ARCH Emerging Markets’ Africa Renewable Power Fund in 2020. Read more… Read More
AsAscent Capital reached a final close for Ascent Rift Valley Fund II. The vehicle, which reached a USD100m first close in May 2021, acquires large minority or majority stakes in Eastern Africa-based SMEs. Read more… Read More
Lightspeed Venture Partners led a USD25m Series A for Lightyear, a UK- and Estonia-based multi-currency investment app, with participation from Richard Branson’s Virgin Group and follow-on from Mosaic Ventures, Taavet+Sten, Metaplanet and angels. Read more… Read More
Axxon Group agreed to invest BRL150m (~USD28m) in Alper Seguros, a Brazil-listed insurance company specializing in corporate risk, bringing its stake in the company to 8%. Read more… Read More
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