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CPP Investments and OTPP To Increase Stake in Mexico’s IDEAL
CPP Investments and Ontario Teachers’ Pension Plan Board (OTPP) agreed to acquire incremental stakes in Mexican infrastructure operator Impulsora del Desarrollo y el Empleo en América Latina (IDEAL). CPP Investments and OTPP will acquire an additional 8.4% and 1.1% stake, respectively. Read More
CDC and Tencent Invest USD70m Series B+ for South Africa’s TymeBank
CDC and Tencent invested a USD70m Series B+ for South Africa-based digital bank TymeBank. The company raised a USD110m Series B led by Apis Partners and JG Summit Holdings in February 2021. Read More
Evolvence, Schroders Capital, CDC, Chiratae, Others Invest USD70m in India’s AgroStar
India-based agtech AgroStar raised USD70m from Evolvence, Schroders Capital, Hero Enterprise and CDC, with follow-on from Aavishkaar Capital, Accel, Bertelsmann, Chiratae Ventures and Rabo Frontier Ventures. Read More
Coatue Leads USD70m Series B for Mexico’s Clara
Coatue led a USD70m Series B for Clara, a Mexican startup offering corporate expense management startups, at a reported USD1b valuation, with participation from A*, ICONIQ Growth, Box Group and Gaingels, and follow-on from monashees, DST Global, Picus Capital, GFC, Avid Ventures, General Catalyst and Alter Global. Read More
INCE Capital Leads USD10m Series B for China’s Qiutianmanman
INCE Capital led a USD10m Series B for China-based food brand Qiutianmanman, with follow-on from Shunwei Capital and Crystal Stream. Read More
Temasek, Cathay Capital and Haochen Capital Lead USD55m Series B for China’s WeNext
Temasek, Cathay Capital Private Equity and Haochen Capital led a USD55m Series B for China-based 3D printing startup WeNext Technology, with participation from Creo Capital and follow-on from Nio Capital and CAS Investment Management. Read More
Tiger Global Leads USD110m Round for India’s Bizongo
Tiger Global led a USD110m round for Bizongo, an India-based B2B marketplace for packaging materials, with follow-on from B Capital, IFC and CDC. Schroder, Chiratae Ventures, Adveq, Bruno E. Raschle, Add Ventures Capital, Castle Investment and Satyadharma Investments also participated in the round. Read More
KRAFTON Leads USD11m Series B for Jordan’s TamatemGames
South Korea-based game developer KRAFTON led a USD11m Series B for Jordan-based mobile game publisher TamatemGames, with participation from Venture Souq and Endeavor Catalyst and follow-on from existing investors. Read More
IFC Leads USD110m Equity & Debt Round for Nigeria’s TradeDepot
IFC led a USD110m Series B comprising a mix of equity and debt for Nigeria-based B2B e-commerce startup TradeDepot, with participation from Novastar, Sahel Capital, CDC Group and Endeavor Catalyst, and follow-on from Partech and MSA Capital. Arcadia Funds provided debt. Read More
Ninety One’s EAIF, Proparco and AfDB Provide ~USD40.7m in Financing for Chad’s Djermaya Solar Project
AfDB, Proparco and Ninety One‘s EAIF agreed to provide EUR36m (~USD40.7m) in financing for InfraCo Africa’s Djermaya solar project in Chad. Read More
DPI-Backed Dolidol Acquires Nigeria’s Mouka from Actis for USD60m
Dolidol, a Morocco-based bedding and mattress manufacturer and distributor backed by DPI, acquired Mouka, a Nigeria-based mattress maker, from Actis for USD60m. Read More
I&P Exits Kenya’s Afribon via Sale to Kerry Group
Investisseurs & Partenaires exited its investment in Kenya-based food flavors company Afribon via a sale to the Kerry Group for an undisclosed amount. Read More