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Sequoia Capital, Think Investments, Elevation Capital and Beenext Lead USD31m Series B for India’s FloBiz
FloBiz, an India-based mobile billing app for distributors, wholesalers, traders and retailers, raised a USD31m Series B led by Sequoia Capital India, Think Investments and existing investors Elevation Capital and Beenext. Read More
SoftBank, Tencent, DST Global, Alpha Wave, Others Invest USD450m Equity & Debt in India’s Cars24
India-based auto resale marketplace Cars24 raised USD450m in equity and debt funding from SoftBank, Tencent, DST Global, Falcon Edge’s Alpha Wave Incubation and others. The first tranche, a USD259m round at a reported USD1.75b valuation from DST Asia, Alpha Wave, Tencent, Moore Strategic Partners, Exor Seeds and others, was announced in September 2021. Read More
Advent to Acquire Controlling Stake in India’s Eureka Forbes for USD597m
Advent International agreed to acquire a controlling stake in India-based consumer electronics company Eureka Forbes for USD597m. Read More
DFC Approves USD1.4b+ in New Investments for COVID-19 Response, Global Health, Gender Equity, Technology & Renewable Energy
DFC approved more than USD1.4b in new investments for COVID-19 response, global health, gender equity, technology and renewable energy. Read More
Monk’s Hill Leads USD2.6m Pre-Series A for Vietnam’s CoderSchool
Monk’s Hill Ventures led a USD2.6m pre-Series A for Vietnam-based coding school CoderSchool, with participation from XA Network and iSeed Ventures and follow-on from Iterative. Read More
FMO, Force Over Mass Capital and NN Group Lead USD18m Series A for Egypt’s Dopay
FMO, Force Over Mass Capital and NN Group led a USD18m Series A for Egypt-based fintech Dopay, with participation from Alder Tree Investments and Mbuyu Capital. Read More
Cathay AfricInvest Innovation Fund Leads USD25m Series B for Nigeria’s 54Gene
Cathay AfricInvest Innovation Fund led a USD25m Series B for Nigeria-based genomics company 54gene, with participation from KdT Ventures, Plexo Capital, Endeavor Catalyst and Ingressive Capital, and follow-on from Adjuvant Capital. Read More
Brookfield Exits Chile’s Autopista Vespucio Norte and Túnel de San Cristóbal via ~USD402m Sale to Globalvía
Brookfield fully exited its 34% stake in Chile-based Autopista Vespucio Norte and Túnel de San Cristóbal concessions via a EUR340m (~USD402m) sale to Spain-based Globalvía. Read More
Octopus Ventures Leads ~USD2.8m Round for Turkey- and UK-Based Integrated Finance
Octopus Ventures led a GBP2m (~USD2.8m) round for Turkey- and UK-based fintech infrastructure provider Integrated Finance, with participation from 500 Istanbul, SuperSeed Ventures and angel investors. Read More
Global Founders Capital and MSA Capital Lead USD2.1m Pre-Seed Round for UAE’s ElKaso
Global Founders Capital and MSA Capital led a USD2.1m pre-seed round for UAE-based B2B marketplace ElKaso, with participation from former and current executives of Careem, Delivery Hero, Apple, Faith Capital, Talabat, Eyewa and Instashop. Read More
3TS Reaches First Close for Central Europe Tech Fund
3TS Capital Partners reached an undisclosed first close for its fourth growth fund focused on tech investments across Central Europe. The vehicle has a target size of EUR150m (USD177m). Read More
Warburg Leads USD93m Series B for China’s Terminus
Warburg Pincus led a USD93m Series B for China-based enterprise software company Terminus, with follow-on from Sequoia Capital China and Alibaba Cloud. Read More