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General Atlantic and Dragoneer Lead USD250m+ Series B for Vietnam’s VNLIFE
General Atlantic and Dragoneer Investment Group led a USD250m+ Series B for VNLIFE, a Vietnam-based integrated digital platform for financial services, travel and retail, with participation from PayPal Ventures and EDBI, and follow-on from GIC and SoftBank Vision Fund 1. Read More
IDC Ventures, Digital Bridge and IDB Invest Lead USD50m Series C for Colombian Grocery Delivery Platform Merqueo
IDC Ventures, Digital Bridge and IDB Invest led a USD50m Series C for Colombia-based grocery delivery platform Merqueo, with participation from MGM Innova Group, Celtic House Venture Partners and Palm Drive Capital. Read More
Monk’s Hill Ventures Leads USD3.1m Pre-Series A for Singapore’s INKR
Monk’s Hill Ventures led a USD3.1m pre-Series A for Singapore-based, AI-driven digital comics platform INKR, with participation from VI Management and Stu Levy (TokyoPop). Read More
Acrew Capital and Renegade Partners Lead USD50m Round for Colombian Proptech La Haus
Acrew Capital and Renegade Partners led a USD50m round for La Haus, a Colombia-based residential real estate platform, with participation from Bezos Expeditions, Moore Strategic Ventures, TIME Ventures and angels Simon Borrero (Rappi), Maluma and Gabriel Gilinski (Banco GNB), and follow-on from KASZEK, Greenspring Associates, NFX, 75 & Sunny Ventures and angels Hadi Partovi (Code.org) and David Velez (Nubank). The… Read More
Helios to Acquire Majority Stake in Moroccan Medtech Group
Helios Investment Partners agreed to acquire a majority stake in a group of Morocco-based medtech companies comprising Techniques Science Santé (T2S), IM Alliance, Cyclopharma and Binarios. The transaction provided an exit for CDG Invest which held a minority stake in T2S. Read More
Ares SSG Reaches USD1.6b Final Close for Secured Lending Opportunities Fund III
Ares SSG reached a USD1.6b final close for its third secured lending opportunities fund. The vehicle will provide flexible capital solutions, primarily in the form of secured loans, to promising businesses in the Asia-Pacific region. Read More
UAE’s Swvl to Go Public via SPAC Merger with Queen’s Gambit Growth Capital
Swvl, a UAE-based transport technology startup founded in Egypt, will list on the Nasdaq via a merger with SPAC company Queen’s Gambit Growth Capital. The merger reportedly values the startup at USD1.5b. Read More
Fidelity Management, Tiger Global, Think Investments, Others Invest USD340m Series F for India’s Gupshup
India-based business messaging platform Gupshup raised a USD340m Series F (including USD100m announced in April) from Fidelity Management, Tiger Global, Think Investments, Malabar Investments, Harbor Spring Capital, Neuberger Berman and White Oak. Read More
GLP Reaches USD700m Final Close for China Logistics Fund
GLP reached a CNY4.5b (USD700m) final close for GLP China Income Fund III. The fund’s portfolio includes 11 stabilized industrial and logistics park assets catering to growing high-tech and innovation based manufacturing industries aligned with China’s economic growth initiatives. Read More
Kingsway Capital Leads USD16.3m Series A for Argentine Crypto Platform Lemon
Kingsway Capital led a USD16.3m Series A for Lemon, an Argentine crypto banking platform, with participation from Valor Capital, Draper Associates, Cadenza Ventures, Amagis Capital, Coinbase Ventures, Borderless Capital, Reserve, Draper University Ventures, Celo, Grupo Supervielle and Andrés Bilbao (Rappi), and follow-on from Draper Cygnus. Read More
Inovo Venture Partners Leads ~USD7m Seed Round for Polish Healthcare Startup Jutro Medical
Inovo Venture Partners led a EUR6m (~USD7m) seed round for Jutro Medical, a Poland-based hybrid telemedicine and in-person health platform, with participation from Rheingau Founders. Read More
Acumen Reaches USD58m Final Close for Resilient Agriculture Fund
Acumen reached a USD58m final close for its Acumen Resilient Agriculture Fund. The vehicle will provide capital to support African agribusinesses that help smallholder farmers adapt to climate change. Read More