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Sequoia India Leads USD30m Investment in Indonesian Digital Investment Platform Bibit
Sequoia Capital India led a USD30m investment in Indonesia-based digital investment platform Bibit, with follow-on from East Ventures, EV Growth, AC Ventures, and 500 Startups. Read More
Westbridge Exits Indian Gaming and Sports Media Company Nazara Technologies to Plutus Wealth Management
Westbridge Capital has exited India-based gaming and sports media company Nazara Technologies to Plutus Wealth Management via a share sale worth INR5b (approximately USD68.5m). Read More
Warburg to Invest USD100m in Indian Consumer Electronics Startup BoAt
Warburg Pincus has agreed to invest USD100m in BoAt, an India-based consumer electronics startup which sells low-cost bluetooth speakers and other personal electronics products. Read More
Trustbridge Leads USD500m Investment in Chinese Healthtech DXY
Trustbridge Partners led a USD500m funding round for China-based healthtech DXY, with participation from Tencent and GL Ventures. Read More
IDB, HBM Healthcare Investments, and Morgan Rio Capital Management Invest USD18m Series B in Colombian E-Pharmacy Farmalisto
IDB Invest, HBM Healthcare Investments, and Morgan Rio Capital Management have invested a USD18m Series B in Colombia-based digital pharmacy Farmalisto. Read More
EIB to Commit USD156m to Six Africa-Focused Funds
The European Investment Bank (EIB) has approved USD156m in commitments to six Africa-focused funds, including: USD50m to AfricInvest IV; USD20m to Alitheia IDF‘s Gender Smart Fund; USD30m to WDB Equity Fund; USD25m to BluePeak Private Capital‘s maiden private credit fund; USD12.5m to Atlantica Venture Capital Fund; and USD18.5m to Janngo Capital‘s maiden venture fund. Read More
QED Investors Leads USD17.5m Series A for Chilean Insurtech Betterfly
QED Investors led a USD17.5m Series A in Betterfly (formerly Burn to Give), a Chilean certified B-Corp insurtech providing life insurance to SMEs and incentivizing policyholder’s wellbeing with subsidized coverage. Read More
Oceanpine Reaches USD400m Final Close for Fund II
Oceanpine has reached a USD400m final close for its second fund targeting investments in tech and health care. Read More
Alibaba, Tiger Global, SoftBank, Others Invest USD1.6b Series E for Chinese Edtech Zuoyebang
Alibaba, Tiger Global, SoftBank Vision Fund, Sequoia Capital China, and FountainVest Partners have invested a USD1.6b Series E for China-based edtech Zuoyebang. Read More
Mountain Nazca Leads USD17.5m Series A for Peruvian Edtech Crehana
Mountain Nazca led a USD17.5m Series A for Crehana, a Peru-based online learning platform, with participation from Endeavor Catalyst, IFC, and Salesforce Ventures. Alive Ventures, Dila Capital, and Rethink Education followed on. Read More
Yunfeng Capital Invests USD300m in Chinese Edtech Yuanfudao
Yunfeng Capital has invested USD300m in China-based edtech Yuanfudao, bringing the overall funding raised by the company in 2020 to USD3.5b. In March 2020, Hillhouse led the company’s USD1b Series F, and in October 2020, Tencent and DST Global led the company’s USD2.2b Series G. Read more Read More
TLG Exits Fintech Branch Nigeria
TLG Capital has exited Branch International Financial Services (Branch Nigeria), a Nigeria-based subsidiary of Branch Inc, a fintech company with operations in Africa, Latin America, and Asia. TLG originally invested in the company in 2019 through its Credit Opportunities Fund. Read More