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Delivery Hero Leads USD5.5m Investment in UAE’s Logistics Startup Quiqup
Delivery Hero led a USD5.5m funding round for Quiqup, a UAE-based startup providing on-demand and same-day delivery services for retailers, with participation from Cedar Mundi, Jobi Capital, and Trasnmed. Read More
CPP Investments to Provide USD98m Credit Financing to JSW Projects for Acquisition of BMM Ispat
CPP Investments, through CPPIB Credit Investment Inc, has agreed to provide INR7.25b (approximately USD98m) in credit financing to back the acquisition of Indian iron ore pellets producer BMM Ispat Ltd by JSW Projects, a unit of global corporation JSW Group. Read More
Climate Fund Managers to Provide USD40m in Financing to Develop Senegal’s Niakhar Project
Climate Fund Managers has agreed to provide up to USD40m in financing via the Climate Investor One’s Construction Equity Fund to support the development of the Niakhar Project, a solar power plant with an associated battery storage system in Senegal, as part of a joint development agreement with Energy Resources Senegal. Read More
Index Ventures Leads USD19m Series A for Mexican Healthtech Sofía
Index Ventures led a USD19m Series A for Sofía, a Mexico-based telemedicine and insurance platform backed by KaszeK Ventures. Read More
Baring PE Leads USD198m Series D for Chinese Edtech Codemao
An affiliate of Baring Private Equity Asia led a USD198m Series D financing for Codemao, a China-based edtech focused on coding, with participation from a range of state-owned players and investment firms. Read More
SoftBank Leads USD58m Series D for Brazilian E-Commerce Platform Olist
SoftBank led a BRL310m (approximately USD58m) Series D for Olist, a Brazil-based e-commerce platform for retailers, with participation from Valor Capital Group, Península, VELT Partners, FJ Labs, and Kevin Efrusy. Read More
Actis Exits Mexican Renewable Energy Company Zuma Energía to China’s SPIC
China’s State Power Investment Corp., through its Hong Kong-based unit China Power International Holding Limited, has acquired Mexico-based renewable energy company Zuma Energía from Actis for an undisclosed amount. Read More
Africa Capital Alliance Invests USD20m in Nigerian Fintech Operator Accelerex
Africa Capital Alliance, via its Capital Alliance Private Equity IV (CAPE IV) fund, has agreed to invest USD20m in Accelerex, the parent company of Nigerian electronic payment and fintech solutions company Global Accelerex. Read More
Lion’s Head Provides USD4m in Financing to Africa-Focused Solar Solutions Provider Bboxx
Lion’s Head Global Partners, through its Facility for Energy Inclusion Off-Grid Energy Access Fund, has agreed to provide USD4m in debt financing to Africa-focused solar solutions provider Bboxx to support its expansion into the Democratic Republic of Congo. Read More
Ribbit Capital Leads USD30m Series B for African Cross-Border Fintech Startup Chipper Cash
Ribbit Capital led a USD30m Series B for Chipper Cash, a mobile-based P2P payment services platform with operations in Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa, and Kenya. Bezos Expeditions, the personal VC fund of Amazon CEO Jeff Bezos, also participated in the round. Read More
SoftBank Ventures Asia and Daesung Lead USD28m Series D for Indian Fintech True Balance
SoftBank Ventures Asia and Daesung Private Equity led a USD28m Series D for India-based digital payments startup True Balance, with participation from Naver and BonAngels, and follow-on from Shinhan Capital. Read More
OMAI Invests in South African Education Company Sifiso Learning Group
Old Mutual Alternative Investments, through its Education Investment Impact Fund of South Africa, has made an undisclosed investment in South Africa-based private education company Sifiso Learning Group. Read More