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Vantage Capital Exits South Africa’s Alleyroads
Vantage Capital exited South Africa-based real estate development company Alleyroads for an undisclosed amount after providing an initial ZAR82m (~USD5m) in mezzanine financing in May 2020 for the development of Kayalane Heights, an affordable housing development in Limpopo province. Read More
Legend Capital Leads USD150m Series E for China’s ClinChoice
Legend Capital led a USD150m Series E for ClinChoice, a China- and US-based full-service clinical-stage contract research organization, with participation from Taikang Life Insurance and Sherpa Healthcare Partners, with follow-on from Apricot Capital and Lilly Asia Ventures. Read More
Chaos Investment and China Media Group Lead ~USD149m Pre-Series B for China’s MetaX
Chaos Investment and China Media Group, through its CCTV Financial Media Industry Investment Fund, led a CNY1b (~USD149m) pre-Series B for MetaX Integrated Circuits, a China-based chipmaker, with participation from Shanghai Guosheng Group, Hermitage Capital and Puchao Capital and follow-on from China Internet Investment Fund and Matrix Partners. Read More
500 Global, Credo Ventures, Movens Capital and Tilia Impact Ventures Invest in ~USD3.5m Seed Round for Poland’s The Village Network
500 Global, Credo Ventures, Movens Capital and Tilia Impact Ventures invested in a EUR3.4m (~USD3.5m) seed round for The Village Network, a Poland-based women-led edtech startup. Read More
Aljazira Capital Leads USD41m Round for UAE’s YAP
Aljazira Capital led a USD41m venture round for YAP, a UAE-based digital banking app, with participation from Abu Dawood Group, Astra Group, and Audacia Capital. The startup plans to complete its Series A by the end of the year. Read More
Africinvest Exits Tunisia’s CFE
AfricInvest sold its stake in Tunisia’s microfinance institution Financial Center for Entrepreneurs (CFE) after a seven-year investment to CFE chairman Radhi Meddeb for an undisclosed amount. AfricInvest and Développement International Desjardins established CFE in 2015. Read More
Korea Development Bank Leads ~USD77m Pre-IPO Round for South Korea’s Zigbang
Korea Development Bank led a KRW100b (~USD77m) pre-IPO round for South Korea-based real estate marketplace Zigbang with a KRW50b (~USD39m) investment at a reported KRW2.4t (~USD1.9b) post-money valuation. IMM Investment and Hana Financial Investment also participated, investing KRW40b (~USD31m) and KRW10b (~USD8m), respectively. Zigbang plans to acquire Samsung SDS’s IoT division for KRW130b (~USD100m) with the new funding. Read More
Endeavor Reaches USD290m Final Close for Fund IV
Endeavor reached a USD290m final close for its Endeavor Catalyst Fund IV. The venture fund will co-invest globally in startups that raise a minimum of USD5m equity capital in a single round of financing from qualified institutional investors. Read more here and h Read More
South Africa’s Sava Raises USD2m in Pre-Seed Round
Sava, a South Africa-based fintech for SMEs, raised a USD2m pre-seed round from investors Quona Capital, Breega, CRE Ventures, Ingressive Capital, RaliCap, Unicorn Growth Capital and Sherpa Ventures. Read More
INCE Capital Leads ~USD15m Pre-Series A for China’s Great Robotics
INCE Capital led a nearly CNY100m (~USD15m) pre-Series A for Great Robotics, a China-based maker of image-guided surgical robots, with participation from Oriental Jiafu. Read More
Base Partners and Crankstart Lead USD30m Series B for Brazil’s Mottu
Base Partners and Crankstart, the family foundation of Michael Moritz of Sequoia, led a USD30m equity Series B for Mottu, a Brazil-based motorbike rental service for last-mile delivery companies, with follow-on from Tiger Global. Mottu secured USD10m in debt funding from Verde Asset Management as part of the round. Read More
Flat6Labs and DisruptAD Select 10 Startups for UAE’s Ignite Program
Flat6Labs and ADQ’s venture platform DisruptAD selected 10 new startups for Ignite, a USD32m UAE-based startup accelerator and seed-stage fund that supports startups with funding, office space and mentorship. Read More