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Mangwana Capital to Invest in Australian Oil & Gas Company Invictus Energy to Develop Muzarabani Project in Zimbabwe
Zimbabwe-based private equity firm Mangwana Capital has agreed to invest in Australian oil & gas exploration company Invictus Energy to develop the Muzarabani Project, an oil & gas exploration project in Zimbabwe. The deal, awaiting approval by the Reserve Bank of Zimbabwe Exchange Control, will see the Mangwana Opportunities Fund acquire ~12.5m shares at ~USD288k. Read More
Neogen Capital Invests USD543k in Romanian Robotic Automation Startup MissionCritical
Romania-based VC Neogen Capital has invested EUR500k (approximately USD543k) in Romanian Robotic Automation Startup MissionCritical. Read More
Index and Credo Lead USD2.75m Seed Round for Czech Anti-Fraud Tech Startup Resistant AI
US-based VC Index Ventures and Czech Republic-based VC Credo Ventures led a USD2.75m seed round for Czech Republic-based anti-fraud tech startup Resistant AI, with participation from Seedcamp, UiPath CEO Daniel Dines, Avast CTO Michal Pechoucek, and unnamed angel investors. Read More
Global Ventures and AAIC Japan Lead USD7m Investment in Nigerian Healthtech Helium Health
UAE-based VC Global Ventures and Africa-focused asset manager AAIC Japan led a USD7m investment in Nigeria-based electronic medical records provider Helium Health. Read More
Tencent Leads USD10.1m Series C for Indian Self-Publishing Startup Pratilipi; Omidyar, Shunwei, and Nexus VP Join
Tencent led a INR760m (approximately USD10.1.m) Series C for India-based self-publishing startup Pratilipi, with participation from Omidyar Network, Shunwei Capital, and Nexus Venture Partners. Read More
Proparco Commits USD20m to SPE AIF I to Invest in Africa
Development finance institution Proparco has invested USD20m in SPE AIF I, a fund managed by Africa- and Middle East-focused private equity firm SPE Capital Partners. The fund targets investments in Egypt, Morocco, and Tunisia. Read More
ADM Secures USD630m for Asia Credit Fund and Appoints Neil Harvey as Executive Chairman
Asia-focused private credit investment fund manager ADM Capital has secured USD630m for its credit fund targeting mid-sized companies in Asia. ADM also recently appointed Neil Harvey, former CEO of Hong Kong and Greater China and Head of Asia Pacific Asset Management at Credit Suisse, as Executive Chairman. Read More
Ibtikar Fund Makes Seed Investment in Palestinian Meditation App Tawazon
Middle East-focused venture capital firm Ibtikar Fund has made an undisclosed seed investment in Palestine-based meditation app Tawazon. Read More
Mountain Nazca Exits Kavak via Sale to SoftBank and General Atlantic
Latin America-focused VC Mountain Nazca has exited Mexican used car marketplace Kavak via a secondary sale to SoftBank and General Atlantic. Mountain Nazca first invested in Kavak in 2016. Read More
Shiyu Capital Leads USD278m Series A for Chinese Biopharma Mabwell
Chinese VC Shiyu Capital led a CNY1.97b (approximately USD278m) Series A for China-based biopharmaceutical company Mabwell Biotech. Oriental Fortune Capital, Loyal Valley Innovation Capital, Haitong Innovation Capital Management, Founder H Fund, Haurong Rongde Asset Management, Huajin Capital, Sincere Capital, and Winfast Holding also participated in the round. Read More
Crystal Stream Capital Invests in Pre-Series A for Egyptian B2B E-Commerce Platform MaxAB
TMT-focused VC Crystal Stream Capital, also known as Qingliu Capital, has invested in a multi-million dollar pre-Series A for Egypt-based B2B e-commerce platform MaxAB. Read More
Accion Venture Lab Invests in Colombian Fintech R5
Accion Venture Lab, the seed-stage investment initiative of financial inclusion-focused investment firm Accion, made an undisclosed investment in Colombian credit provider and financial education platform R5. Read More