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Btomorrow Ventures, Capital Lab and Invest Tech Lead ~USD3.4m Series A for Brazilian Freight Platform Uello
Btomorrow Ventures, Capital Lab and Invest Tech led a ~USD3.4m Series A for Uello, a Brazil-based express freight platform for corporate retailers and e-commerce brands. Read More
Creation Investments Leads USD20m Investment in Chilean Insurance Group AVLA
Creation Investments Capital Management led a USD20m investment in Chile-based global insurance group AVLA, with participation from DEG and Altra. Read More
DNA Capital Leads ~USD60m Round for Brazilian Drug Prescription Provider Memed
DNA Capital led a ~USD60m round in Memed, a Brazilian provider of digital drug prescriptions, to expand its services from prescriptions to drug fulfillment. DNA Capital led the company’s USD4.5m Series B in April 2020. Read More
DST Global, QED and Valor Capital Group Invest USD60m Series B for Chilean Insurtech Betterfly
DST Global, QED investors, Valor Capital Group, Endeavor Catalyst and SoftBank Latin America Fund have invested a USD60m Series B for Betterfly (formerly Burn to Give), a Chile-based certified B-Corp insurtech providing life insurance for employees of SMEs and incentivizing policyholder’s wellbeing with subsidized coverage. Read More
Insight Partners and Tiger Global Lead USD70m Series B for Indian Professional Networking Platform Apna
Insight Partners and Tiger Global led a USD70m Series B for India-based professional networking platform Apna, with follow-on from Sequoia Capital India, Lightspeed India, Greenoaks Capital and Rocketship VC. Read More
BOND Leads USD200m Round for Indian Software Testing Platform BrowserStack
BOND led a USD200m round for BrowserStack, a software testing platform founded in India, with participation from Insight Partners and follow-on from Accel. Read More
Berkeley Energy Reaches ~USD158m First Close for Africa Renewable Energy Fund II
Berkeley Energy has reached a EUR130m (~USD158m) first close for its Africa Renewable Energy Fund II. The vehicle, which has an initial target of USD300m, will primarily focus on hydro, wind and solar projects, as well as battery storage opportunities, across Sub-Saharan Africa. Read More
Ninety One’s EAIF and Proparco Invest ~USD200m in Project Financing to Develop Biomass Power Plant in Côte d’Ivoire
Ninety One’s EAIF and Proparco have provided EUR165m (~USD200m) in financing to Biovea Energie to finance the development of a biomass power plant in Côte d’Ivoire. Read More
Elevation Capital Leads USD38m Series A for Indian Fintech FamPay
Elevation Capital led a USD38m Series A for FamPay, an India-based payments platform for teens, with participation from General Catalyst, Rocketship VC, Greenoaks Capital and existing investors Sequoia Capital India, Y Combinator, Global Founders Capital and Venture Highway. Read More
Global Founders Capital, Global Ventures, Nuwa Capital and FJ Labs Lead USD3m Seed Round for UAE’s Valeo
Global Founders, Global Ventures, Nuwa Capital and FJ Labs led a USD3m seed round for UAE-based wellbeing startup Valeo. Read More
Vital Capital Provides Financing to Two Africa-Focused Companies
Vital Capital, through its Vital Impact Relief Facility, has provided financing to Privamnuts, a Kenya-based macadamia nut processor and exporter, and to Sollatek, a manufacturer of solar and voltage control products providing essential services to rural households in East Africa. Read More
EXEO Exits 62.7% Stake in South Africa’s Cape Olive via Sale to Imibala
EXEO Capital has sold its 62.7% stake in South Africa-based table olive supplier Cape Olive Holdings to Imibala, a Lona Group subsidiary and Cape Olive co-shareholder. EXEO originally acquired the stake in 2013 through its Agri-Vie Fund I. Read More