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IFC Commits USD25m to Lorax Fund II
International Finance Corporation has agreed to invest up to USD25m in Lorax Fund II, a vehicle targeting USD250m and focused on mid-cap companies with growth potential primarily in Egypt. Read More
Proparco Commits USD30m to AfricInvest
Proparco has agreed to invest up to USD30m in AfricInvest IV. The fund, which targets USD500m and is managed by pan-African private equity fund manager AfricInvest, will focus on mid-market growth capital transactions in Africa. Read More
QED and LEAP Global Invest USD3m in Mexican HRtech Worky
QED Investors and LEAP Global Partners have invested USD3m in Mexico-based HRtech Worky. Read More
General Atlantic, e.Bricks Ventures, and Angels Lead USD7.5m Series B for Brazilian Healthtech Conexa Saúde
General Atlantic, e.Bricks Ventures, and angel investors Luiz Fraga, partner at Gávea, and his son, Guilherme Fraga, led a BRL40m (approximately USD7.5m) Series B for Brazil-based telemedicine company Conexa Saúde. Read More
Chiratae Ventures Leads Seed Investment in Polish Bionics Company Aether Biomedical
Chiratae Ventures led a seed investment round for Poland-based medical robotics company Aether Biomedical, with participation from Joyance Partners and Sunfish Partners. The investment is part of Chiratae’s DeepTech Innovators Program. Read More
Ascent Capital Leads a USD26m Investment in Myanmar’s Internet Service Provider Frontiir
Ascent Capital Partners led a USD26m investment in Myanmar-based internet service provider Frontiir through Ascent Myanmar Growth Fund I. Read More
CapitalG Leads USD27.5m Series E for Indian Microlender Aye Finance
Alphabet’s CapitalG led a USD27.5m Series E for India-based microlender Aye Finance, with participation from LGT Lightstone, Falcon Edge, MAJ Invest, and A91 partners. Read More
Vinci-Backed Vero Internet Acquires Brazil’s MKA Telecom
Vinci Partners-backed Vero Internet has acquired Brazil-based internet provider MKA Telecom for an undisclosed amount. Read More
Convergent Finance Invests USD14.1m in Indian Supply Chain Company Jyoti International Foods
Convergent Finance has invested USD14.1m in Jyoti International Foods, an India-based supply chain solutions provider for the food service industry, for a significant minority stake. Read More
OTPP, GIC, GIP, Brookfield, NH Investments & Securities, and Snam Invest USD10.1b in ADNOC Gas Pipeline Assets
A consortium of investors including Ontario Teachers’ Pension Plan Board (OTPP), Singaporean sovereign wealth fund GIC, Global Infrastructure Partners (GIP), Brookfield Asset Management, NH Investments & Securities, and Italy’s Snam have agreed to invest in select Abu Dhabi National Oil Company (ADNOC) gas pipeline assets valued at USD20.7b. The consortium will acquire a 49% stake in ADNOC Gas Pipeline Assets,… Read More
Lead Ventures Invests USD20m in Hungarian Automated Driving Software Developer AImotive
Lead Ventures has invested USD20m in Hungary-based automated driving software developer AImotive, with participation from Szechenyi Venture Fund and follow-on from Robert Bosch Venture Capital, B Capital Group, Prime Ventures, Inventure, Samsung Catalyst Fund, and Draper Associates. Read More
Sparx Group and SCB 10x Lead USD80m Series C for Thai Fintech Synqa
SCB 10x, a subsidiary of Siam Commercial Bank, and Sparx Group, through its Mirai Creation Fund II, led a USD80m Series C for Thailand-based fintech Synqa (formerly known as Omise Holdings), with participation from Toyota Financial Services, Sumitomo Mitsui Banking Corporation, SMBC Venture Capital, Aioi Nissay Dowa Insurance, and other investors. Read More