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FMO and Global Ventures Lead USD3.5m Investment in Egyptian Fintech Paymob
FMO and Global Ventures led a USD3.5m investment in Egypt-based digital payments platform Paymob, with follow-on from A15. Read More
Sequoia India Leads USD20m Series A for Singaporean Online Invoice Trading Platform Incomlend
Sequoia Capital India led a USD20m Series A for Singapore-based online invoice trading platform Incomlend, with participation from French shipping group CMA CGM. Read More
Viva Biotech to Acquire 80% Stake in Chinese CDMO Platform Langhua for USD368m, Ninhua Group, Nuobai Investments, and Zhining Investments Exit
Hong Kong-listed Viva Biotech has agreed to acquire an 80% stake in China-based contract development manufacturing organization (CDMO) company Zhejiang Langhua Pharmaceutical for USD368m. The transaction, which is pending approval, will facilitate an exit for existing shareholders including Ninhua Group, Nuobai Investments, and Zhining Investments. Read More
Aqua Capital Invests Undisclosed Amount in Brazilian Foodtech Puravida
Aqua Capital has invested an undisclosed amount in Brazil-based foodtech Puravida. Read More
Lightspeed Reaches USD275m Final Close for Third India Fund
Lightspeed India Partners has reached a USD275m final close for Lightspeed India Partners III. The vehicle will focus on early-stage, seed, and Series A investments in India. Read More
Verod Capital Acquires Nigerian Pension Fund Administrator AXA Mansard Pensions
Verod Capital Management has acquired 100% of Nigeria-based pension fund administrator AXA Mansard Pensions, a subsidiary of AXA Mansard Insurance, for an undisclosed amount. The transaction is subject final approval from the National Pension Commission. Read More
Arzan VC, AlTouq Group, and Nazer Group Lead USD5m Pre-Series A for Dubai’s Cloud Kitchen Operator iKcon
Arzan VC, AlTouq Group, and Nazer Group led a USD5m pre-Series A for iKcon, a Dubai-based cloud kitchen operator active across the UAE. Read More
IMM Investment, Hana Ventures, STIC Ventures, and Others Invest USD37m in South Korean Biotech Curocell
IMM Investment, Hana Ventures, and STIC Ventures are reportedly among a pool of investors that have invested KRW44b (approximately USD37m) in Curocell, a South Korea-based biotech focused on developing immune cell therapies for blood cancers. Atinum Investment, DS Asset Management, Seoul Investment Partners, Aju IB Investment, Ulmus Investment, LB Investment, Yukyung PSG Asset Management, JX Partners, Company K Partners, K2… Read More
SEAF Reaches Final Close for Morocco Growth Fund
SEAF has reached an undisclosed final close for its SEAF Morocco Growth Fund. The vehicle, which was created as part of the InnovInvest Fund program managed by the Caisse Centrale de Garantie, invests in innovative startups and SMEs with high growth potential in Morocco. Read More
Discovery Americas Invests USD5.7m in Mexican Cargo Service Solutions Company Autotransportes Mas de Carga
Discovery Americas has invested USD5.7m in Mexico-based cargo service solutions company Autotransportes Mas de Carga. Read More
STIC to Acquire South Korean Diet Consulting Chain Juvis Diet for USD211m
STIC Investments has agreed to acquire 100% of South Korea-based weight loss consulting chain Juvis Diet for KRW250b (approximately USD211m). Read More
Actis Acquires Two Indian Solar Assets from Acme
Actis has acquired two solar projects in India totaling 400MW from Acme Solar Holdings for an undisclosed amount. The acquisition was completed through Actis Long Life Infrastructure Fund. Read More