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GIP To Acquire Actis-backed Atlas Renewable Energy

Global Infrastructure Partners agreed to acquire Atlas Renewable Energy, a clean energy platform focused on developing, building and operating solar and wind projects in Latin America, from Actis in a deal reportedly valued at USD2b. Read More

UAE’s Kitopi Raises USD300m Series C+

UAE-based cloud kitchen startup Kitopi raised a USD300m Series C extension, bringing total capital raised in the round to USD715m. SoftBank Vision Fund 2 led the company’s USD415m Series C in July 2021, with participation from Chimera, DisruptAD, B Riley, Dogus Group, Next Play Capital and Nordstar. Read More

NIIF and Hero MotoCorp Invest USD128m Series E for India’s Aether Energy

National Investment and Infrastructure Fund, through its Strategic Opportunities Fund, and Hero MotoCorp invested a USD128m Series E in India-based electric scooter manufacturer Aether Energy. Read More

Ventures Platform and JAM Fund Lead USD1.7m Seed Round for Kenya’s TopUp Mama

Ventures Platform and JAM Fund led a USD1.7m seed round for TopUp Mama, a Kenya-based provider of supplies, financial services and business management tools for restaurants, with participation from Next Billion Ventures, Future Africa, Jedar Capital, HoaQ Fund, First Check Africa and DFS Lab. Read More

Climate Fund Managers To Invest USD3.9m in Waste Transformers Project in Sierra Leone

Climate Fund Managers signed an agreement with Freetown Waste Transformers and The Waste Transformers. As part of the agreement, Climate Fund Managers agreed to invest USD3.9m through its Climate Investor Two fund to finance project development activities as well as the purchase and operation of five Waste Transformer units, which produce biogas from food waste, in Sierra Leone. Read More

BLinc Reaches ~USD13m Final Close for Fund II

BLinC Invest reached a INR1b (~USD13m) final close for its second fund targeting investments in edtech and fintech startups in India. Read More

Carpathian Partners Leads USD23m Series B for Poland’s Synerise

Carpathian Partners led a USD23m Series B for Synerise, an AI-first behavioral data platform headquartered in Poland, with participation from angels. Read More

Homebrew and SoftBank Lead USD200m Series C for Colombia’s Habi

Homebrew and SoftBank Latin America led a USD200m Series C for Colombia-based proptech Habi at a reported USD1b+ valuation, with participation from Endeavor Catalyst, Tiger Global, Inspired Capital, Clocktower Ventures and Henry Kravis. Read More

PAG-led Consortium Acquires 74% of India’s Optimus Group for USD259m

A consortium of investors led by PAG and including CX Partners and Samara Capital acquired a 74% stake in three units of India-based drugmaker Optimus Group for USD259m. Read More

East Ventures Reaches USD550m Final Close Across Two Funds

East Ventures reached a combined USD550m final close across two funds, raising USD400m for its second growth vehicle and USD150m for its ninth early-stage fund. Read More

TPG Growth and Temasek Invest USD136m in India’s Dr. Agarwal’s Health Care; ADV Partners Exits

TPG Growth and existing investor Temasek invested USD136m in India-based eyecare chain Dr. Agarwal’s Health Care. The deal includes a secondary transaction that facilitated an exit for ADV Partners. Read More

Jump Crypto Leads USD150m Pre-Series B for Singapore’s KuCoin

Jump Crypto led a USD150m pre-Series B for Singapore-based crypto exchange KuCoin at a reported USD10b valuation, with participation from Circle Ventures, IDG Capital and Matrix Partners. Read More