GPCA’s Inaugural Report On Venture-Backed Startups Across EM Today, Asia is an epicenter of global startup momentum and the year 2019 marked records for venture investment in a number of emerging private capital markets, including Africa, Latin America, Southeast Asia, India, and CEE & CIS. Venture Capital in emerging markets… Read More
Middle East-focused fund manager Algebra Ventures led a USD3.5m pre-Series A for Egypt-based social commerce platform Brimore, with participation from existing investors 500 Startups and Flat6Labs, and from new investors Disruptech and Vision Ventures. Algebra Ventures previously co-led a USD800k seed round for the company in February 2019. Read More
Middle East-focused venture capital firm Ibtikar Fund has made an undisclosed seed investment in Palestine-based meditation app Tawazon. Read more… Read More
Kuwait-based VC Faith Capital has announced its participation in the secondary share offering for Dubai-based e-gift card distribution company YouGotaGift. Read more… Read More
Global VC 500 Startups and Saudi Venture Capital have invested an undisclosed amount in a seed round for Saudi SaaS company Taker. Read more… Read More
UAE-based venture capital firm Shorooq Partners led a USD5.8m series A for Dubai-based virtual reality mobile app 360VUZ, with participation from KBW Ventures, Media Visions, Vision Ventures, Hala Ventures, and 500Startups. Careem founder Magnus Olsson, Maktoob founder Samih Toukan, and former managing director of Facebook Middle East Jonathan… Read More
Dubai-based VC Global Ventures has reached a USD50m final close for its first fund. Investors include Mubadala Investment Company, Abu Dhabi Investment Office, and the Public Investment Fund of Saudi Arabia’s Jada. Read more… Read More
Dubai-based private equity firm Gateway Partners has acquired a 40% stake in the Gulf franchise of coffee and breakfast chain Tim Hortons through its Gateway Fund I. Gateway Partners reportedly paid USD50m for the holding. Read more… Read More
EM private credit funds raised USD8.1b in 2019, led by an increase in special situations fundraising EM private credit fund managers raised USD8.1 billion in 2019. As explored in EMPEA’s 2019 Private Credit Solutions report, investor interest in private credit opportunities has grown in recent years, which is particularly visible… Read More
Infrastructure funds raised USD5.2b in 2019, led by closes for Actis and NIIF funds EM-focused infrastructure fund managers raised USD5.2 billion in 2019, led by commitments to two landmark funds: the USD1.2 billion Actis Long Life Infrastructure Fund and National Infrastructure Investment Fund’s Master Fund, which reached a fourth close… Read More
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