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DOB Equity Leads USD3m Seed Round for Kenya’s Power Financial Wellness
DOB Equity led a USD3m seed round for Power Financial Wellness, a Kenya-based holistic financial services platform, with participation from Bolt by QED Investors, Quona Capital, Zephyr Acorn and Norrsken Accelerator. Read More
L Catterton Invests in China’s Partner Pet
L Catterton invested in Partner Pet, a China-based premium freeze-dried pet food company. This is L Catterton’s second pet food investment in China after investing in Shanghai Enova Pet Products, the owner of Pure & Natural, in 2022. Read More
Connecting Fund Managers with Impact Investors’ Tax Principles
The purpose of this article is to initiate communication between multilateral and bilateral development finance institutions (‘’DFIs”) and private equity fund managers (“FMs”) that seek to attract DFI funding for investments in countries within the mandate of DFIs. This is with the intention of equipping FMs with an upfront understanding of responsible tax standards typically imposed by DFIs when investing… Read More
Costanoa Ventures and Norrsken22 Lead USD20m Series B for Nigeria’s Smile Identity
Costanoa Ventures and Norrsken22 led a USD20m Series B for Smile Identity, a Nigeria-based KYC compliance and identity verification provider, with participation from Commerce Ventures, Courtside Ventures and Two Culture Capital, and follow-on from 500 Fintech, Latitude and others. Read More
Baring Private Equity Asia Sells 9.8% Stake in India’s Coforge for ~USD294.6m
Baring Private Equity Asia sold a 9.8% stake in Coforge, an India-listed software company, through a block deal on the NSE for INR24.3b (~USD294.6m). Read More
CVC Capital Partners Acquires China’s Yikang Medicine
CVC Capital Partners completes buyout of Yikang Medicine, a China-based pharmaceutical retail chain. CVC first invested an undisclosed amount in Yikang Medicine in 2021. Read More
B Capital and Quona Capital Lead USD13.8m Series A for India’s Turno
B Capital and Quona Capital led a USD13.8m Series A for Turno, an India-based EV distribution and financing platform, with participation from venture debt providers InnoVen Capital and Alteria Capital, and follow-on from Stellaris Venture Partners and Avaana Capital. Read More
Global Ventures and Delivery Hero Ventures Lead USD16m Series B for Egypt’s Yodawy
Global Ventures and Delivery Hero Ventures led a USD16m Series B for Yodawy, an Egypt-based healthtech that connects pharmacies, insurance companies and pharmaceuticals with patients, with follow-on from AAIC Investment, Dallah Al-Baraka, Middle East Venture Partners (MEVP), CVentures and P1 Ventures. Read More
Egypt’s Gameball Raises USD3.5m Seed Round
Egypt-based CRM platform Gameball raised a USD3.5m seed round from 500 Global, P1 Ventures, Launch Africa, Seedra Ventures, Arzan Ventures and others. Read More
Rukam Capital Reaches USD19m Final Close for Debut Fund
Rukam Capital reached a USD19m final close for its debut fund, focused on early-stage Indian consumer companies in beverage, confectionary, personal care and packaged food businesses. Read More
Singapore’s ION Mobility Raises USD18.7m Series A from TVS Motor, AC Ventures and Others
Singapore-based EV motorbike maker ION Mobility raised a USD18.7m Series A from TVS Motor, AC Ventures, Michael Sampoerna and Ng Ho Sen, with follow-on from Monk’s Hill Ventures, TNB Aura, Quest Ventures, Village Global, GDP Venture and SEEDS Capital. Read More
Adiwale Partners and I&P Acquires Minority Stake in Ghana’s VoltaCars Rental Services
Adiwale Partners and Investisseurs & Partenaires (I&P) acquired a minority stake in VoltaCars Rental Service (VRS), a Ghana-based vehicle leasing company. Adiwale acquired VRS through its maiden Adiwale Fund I, which reached a EUR60m final close in 2021 and targets growth capital investments in West Africa’s SMEs. Read More