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CardinalStone Leads USD10m Series A for Nigerian Fintech Appzone
CardinalStone Capital Advisers led a USD10m Series A for Appzone, a Nigeria-based fintech software provider, with participation from V8 Capital, Constant Capital, Itanna Capital Ventures and Lateral Investment Partners. Read More
Jaguar Growth Partners Acquires Brazilian Real Estate Securitization Platform RB SEC
Jaguar Growth Partners has acquired Brazil-based real estate securitization platform RB SEC from RB Capital for an undisclosed amount. Read More
Legend, Lightspeed China and Greater Bay Area Homeland Investments Lead USD100m Series B & B+ for Chinese Pharma StoneWise
StoneWise, a China-based pharmaceutical company that uses AI to accelerate drug discovery, has raised an aggregate USD100m in funding through its Series B and B+ rounds. Legend Capital led the Series B, while Lightspeed China and Greater Bay Area Homeland Investments led the Series B+. New investors CDH VGC and Eastern Bell Capital participated in the rounds and existing investors… Read More
Tiger Global Leads USD100m Series D for Indian Social Commerce Platform DealShare
Tiger Global Management led a USD100m Series D for DealShare, an India-based e-commerce platform for middle- and lower-income consumers. Read More
IVP and Accel Lead USD69m Series B for Estonian Identity Verification Platform Veriff
IVP and Accel led a USD69m Series B for Veriff, an Estonia-based identity verification platform. Read More
BPEA to Invest USD100m in Chinese Drug Developer HutchMed
Baring Private Equity Asia has agreed to invest USD100m in US- and London-listed Hutchison China MediTech (HutchMed), a China-based cancer drug developer. Read More
Alteria Capital Reaches ~USD179m First Close for Second Venture Debt Fund
Alteria Capital has reached a INR13.75b (~USD178.7m) first close for its second venture debt fund. The vehicle will make early- and growth-stage investments in startups operating in the consumer, technology and healthcare sectors in India. The fund will also allocate capital for structured debt products aimed at later stage companies with a differentiated risk profile. Read More
EIG-Led Consortium to Acquire 49% Stake in Saudi Aramco’s Oil Pipeline Business for USD12.4b
A consortium of investors led by EIG Global Energy Partners and including Mubadala Investment Co. has agreed to acquire a 49% stake in the newly formed oil pipeline business of Saudi Aramco for USD12.4b. Read More
Tiger Global Leads USD502m Series E for Indian Social Media Startup ShareChat
Tiger Global Management led a USD502m Series E for India-based social media startup ShareChat, with participation from Snap and follow-on from Twitter and Lightspeed Venture Partners, at a reported USD2.1b valuation. Read More
Tiger Global Invests USD100m in Indian Enterprise Messaging Solutions Provider Gupshup
Tiger Global Management has invested USD100m in India-based enterprise messaging solutions provider Gupshup at a reported USD1.4b valuation. Read More
Falcon Edge Leads USD110m Round for Indian SME Lender OfBusiness
Falcon Edge Capital led a USD110m round for India-based SME financing platform OfBusiness, with follow-on from Matrix Partners India, Creation Investments and Norwest Venture Partners. Read More
Global Ventures Leads USD18.5m Series A for Egyptian Fintech Paymob
Global Ventures led a USD18.5m Series A for Egypt-based digital payments platform Paymob, with participation from FMO and A15. The round includes USD15m in fresh capital and USD3.5m from the first tranche of the Series A in July 2020. Read More