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SummitView Capital Leads Series C+ for China’s Black Sesame Technologies for  USD500m Series C Total

SummitView Capital led a Series C extension for China-based self-driving auto chip manufacturer Black Sesame Technologies, for combined Series C rounds totaling more than USD500m. The round included participation from China’s Industrial Bank, GF Xinde Investment, Hina Group, Xin Ding Capital and others. Read more here and h Read More

Nykaa To Acquire India’s Venture-backed Little Black Book

India-based online fashion retailer Nykaa acquired Little Black Book (LBB), a lifestyle discovery platform that is also India-based, for an undisclosed amount in an all-cash deal. LBB announced a INR65m (~USD1m) pre-Series B with follow-on from Athera Venture Partners (formerly Inventus India), Indian Angel Network’s IAN Fund, Blume Ventures and Chiratae Ventures in February 2021. Read More

Epigenic (Yijie Like) Raises ~USD15m in Angel and Pre-Series A Rounds from Morningside Ventures, Trinity Fund and Others

Epigenic (Yijie Like), a China-based biotech focusing on epigenetic regulation technology, raised more than CNY100m (~USD15m) in its angel and pre-Series A rounds from Morningside Ventures, Kingray Capital, Trinity Fund, TigerYeah Capital (Taiyu Capital) and FountainBridge Capital. Read more here and here. Read More

Portage Leads USD6.5m Seed Round for Mexico’s Kontempo

Portage led a USD6.5m seed round for Kontempo, a Mexico-based startup B2B BNPL startup, with participation from SCOR, P&C Ventures, IGNIA Partners, Tectonic Ventures, Rhombuz VC and Asymmetric Capital Partners. The company also raised a USD25m debt facility from Upper90. Read More

RRJ Capital Invests ~USD101 To Acquire Singapore’s Fullerton Health

RRJ Capital invested SGD140m (~USD101m) in new equity to merge Fullerton Healthcare Corporation with Fullerton Health, a Singapore-based pan-Asian healthcare provider. The company has also secured a SGD250m (~USD181m) senior loan facility from three banks to facilitate the merger. RRJ Capital’s existing perpetual securities and convertible preference shares have been canceled and offset by SGD180m in new shares issued by… Read More

Flashpoint Venture Capital Reaches USD102m Close for Early-stage VCIII Fund

Flashpoint Venture Capital reached a USD102m final close for its VCIII Fund surpassing its USD100m target. The vehicle focuses on global Series A B2B software companies with founders from CEE and Israel. Széchenyi Funds agreed to invest USD20m in the fund, becoming Flashpoint’s first institutional limited partner. Read More

Gaorong Capital and CTS Capital Lead ~USD74m Series C for China’s Intellective Biologics

Gaorong Capital and CTS Capital led a more than CNY500m (~USD74m) Series C for Intellective Biologics (Zhixiang Bio), a China-based contract development and manufacturing organization that focuses on macromolecular biopharma process development, with follow-on from Fuho Capital, CNCB Investment Limited, Founder Securities, Win Harbor Capital and others. Read More

Riverwood Capital Leads USD35m Round for Argentina’s Geopagos

Riverwood Capital led a USD35m round for Geopagos, an Argentina-based digital infrastructure payment platform, with participation from Endeavor Catalyst. The round is the startup’s first major institutional funding since launch nine years ago. Read More

CRED Acquires India’s Venture-backed Smallcase for USD400m

India-based fintech CRED acquired Smallcase, an India-based wealth management platform backed by Blume Ventures, Sequoia Capital, Amazon and others, for ~USD400m. Smallcase raised USD140m at a reported USD6.4b valuation in June as part of its Series F round led by GIC. Read More

Apis Partners To Exit South Africa’s Retail Capital to TymeBank

Apis Partners, through its fund Apis Growth Fund I, has agreed to exit its 11.7% stake in Retail Capital, a South Africa-based fintech that provides SME financing, to TymeBank, another Apis Partners portfolio company, for an undisclosed amount. Read More

Atalaya Capital Management and Partners for Growth Provide USD150m Credit Facility to  UAE’s Tabby

Tabby, a UAE-based BNPL startup, secured a $150m credit facility from Atalaya Capital Management and existing lender Partners for Growth. The company raised a USD54m Series B extension in March led by Sequoia Capital and STV. Read More

Singularity Growth Opportunities and SWC Global Lead USD20m Series B for India’s  WebEngage

Singularity Ventures, through its Growth Opportunities Fund, and SWC Global led a USD20m Series B for WebEngage, an India-based full-stack CRM platform, with participation from Unmaj Corporation, NB Ventures, Shashwat Nakrani (BharatPe) and Gopal Srinivasan (TVS Capital), and follow-on from India Quotient, Blume Ventures and Indian Angel Network’s IAN Fund. Read More