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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