Alpha JWC Ventures led a USD35m Series A for AgriAku, an Indonesia-based B2B agtech platform, with participation from BRI Ventures, Mandiri Capital Indonesia, Gentree Fund, K3 Ventures, Thai Wah Public Company, Alto Partners, InnoVen Capital and follow-on from MDI Ventures, Go-Ventures and Mercy Corps Social Venture Funds. Read More
Ore Investment agreed to acquire a 33.3% stake in Companhia Brasileira de Lítio, a Brazil-based producer of lithium concentrates and compounds, for BRL208m (~USD40m) after winning an auctionconducted by Codemge, an investment division of the state of Minas Gerais. Read more… Read More
SWVL agreed to acquire Urbvan Mobility, a Mexico-based shared mobility platform, for a reported USD82m as part of its Latin America expansion strategy. Investors in Urbvan include Angel Ventures, DILA Capital KASZEK, Liil Ventures and Anteris Capital. Swvl listed on the Nasdaq through a SPAC merger with Queen’s Gambit Growth… Read More
Qiming Venture Partners reached a USD2.5b final close for its USD Fund VIII and a CNY4.7b (~USD702m) first close for its RMB Fund VII. The vehicles target early- and growth-stage technology, consumer and healthcare startups in China. Read more… Read More
Ashmore Management Company agreed to fully exit its investment in Colombia-based electricity power company Elecnorte via a sale to Grupo Energía Bogotá (GEB) for an undisclosed amount. GEB’s assets include two transmission lines covering more than 130 km combined, three substations and their connection bays. Read… Read More
Openspace and SOSV led a USD5m round for Octopus, an Indonesia-based circular economy platform that allows producers to track and collect their post-consumer products, with participation from additional investors. Read more… Read More
Activant Capital led a USD30m round for DEUNA, a US-based e-commerce checkout platform serving Latin American markets, with participation from Valor Capital Group, Upload Ventures, Abstract Ventures and Acrew Capital. DEUNA raised a USD7m seed round in October 2021. Read more… Read More
Andorra-based private bank Andbank led a USD50m Series F extension for Brazil-based fintech Creditas with the same reported USD4.8b valuation as the USD260m Series F led by Fidelity Management in January 2022. Read more… Read More
Tenacity Venture Capital led a USD10m seed round for Kapital, a Mexican financial management platform for SMEs, with participation from Telesoft, Broom Ventures, Pioneer Fund, Soma Capital, FoundersX, Arash Ferdowsi (Dropbox) and other angel investors. Kapital also secured USD20m in debt financing. Read more… Read More
CPP Investments acquired a 19.3% stake in Colombia-based food retailer D1 for USD334m, providing an exit for Capital Group Private Markets. Read more here and here… Read More
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