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Acced Leads USD23m Series A for Mexican SMB Payments Platform Higo
Accel led a USD23 Series A for Higo, a a Mexican B2B payments platform for SMEs, with participation from Tiger Global and angels Claire Hughes-Johnson and Cristina Cordova (Stripe), and follow-on from Haystack, Homebrew, Audacious, Susa Ventures and J Ventures. Read More
DMI Alternatives Reaches USD40m Final Close for India Digital Finance Fund
DMI Alternatives reached a USD40m final close for The Sparkle Fund. The vehicle focuses on alternative lending, consumer finance, financial services IT, payments, regtech, wealthtech and AI platforms to drive automation in India. Read More
Northern Light Venture Capital Reaches ~USD309m Final Close for Fund IV
Northern Light Venture Capital reached a CNY2b (~USD309m) final close for its CNY-denominated fourth fund targeting investments in early-stage companies across the TMT, advanced technology and healthcare sectors in China and the US. Read More
Crescera Leads USD80m Series C for Brazil’s Tembici
Crescera Capital led a USD80m Series C for Tembici, a Brazilian micro-mobility platform focused on bikes, with participation from Endeavor Catalyst and Pipo. Read More
ARCH EM Partners Provides USD2.5m in Financing to South Africa’s Sun Exchange
ARCH Emerging Market Partners, through its Africa Renewable Power Fund, provided USD2.5m in financing to South Africa-based solar leasing platform Sun Exchange in the form of a convertible note. ARCH EM Partners led the company’s Series A in 2020. Read More
Global Ventures Leads USD4.5m Pre-Series A for Egypt’s Cartona
Global Ventures led a USD4.5m pre-Series A for Cartona, an Egypt-based e-commerce platform connecting retailers and manufacturers, with participation from Kepple Africa, T5 Capital and angel investors. Read More
CDC Invests in Fatima Gobi Ventures’ Pakistan Tech Fund
CDC Group made an undisclosed anchor investment in Techxila Fund I, a fund managed by Fatima Gobi Ventures targeting investments in early-stage tech companies across Pakistan. Read More
Quona Leads USD10m Series A for Cross-Border Payments Startup Verto
Quona Capital led a USD10m Series A for Verto, a global B2B payments platform that allows SMEs to make payments to their suppliers, with participation from Treasury, Middle East Venture Partners, TMT Investments, Unicorn Growth Capital, Zrosk Investment Management and P1 Ventures. Read More
DPI Partially Exits Nigeria’s Food Concepts via Sale to ACA
DPI sold a 31% stake in Nigeria-based QSR group Food Concepts to African Capital Alliance for an undisclosed amount. DPI will retain a majority stake in the company. Read More
Falcon Edge Leads USD200m+ Round for India’s Ola Electric
Falcon Edge Capital led a USD200m+ round for Ola Electric, the EV unit of India-based rideshare Ola, with participation from SoftBank and others at a reported USD3b valuation. TechCrunch reports that the round has not yet closed. Read More
Tiger Global Leads USD207m Series F for India’s OfBusiness
Tiger Global led a USD207m Series F for India-based B2B marketplace OfBusiness, with participation from SoftBank and Alpha Wave Incubation, at a reported USD3b valuation. Read More
Fidelity and B Capital Lead USD570m Round for India’s Meesho
Fidelity Management and B Capital led a USD570m round for India-based social commerce platform Meesho at a reported USD4.9b valuation, with participation from Footpath Ventures, Trifecta Capital and Good Capital, and follow-on from Prosus Ventures, SoftBank Vision Fund 2 and Facebook. Read M Read More