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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
responsAbility Investments Reaches First Closes for Asia- and Latin America-focused Sustainable Food Funds at Combined USD274m
responsAbility Investments reached first closes for its latest funds focused on food production and distribution companies. Growth equity vehicle Sustainable Food Asia II and mezzanine fund Sustainable Food Latam reached USD173m and USD101m first closes, respectively. Read More
Intudo Ventures Leads USD12m Series B for Indonesia’s iSeller
Intudo Ventures led a USD12m Series B for iSeller, an Indonesia-based point-of-sale platform, with participation from KVision, Mandiri Capital and Openspace Ventures. The deal has facilitated iSeller’s acquisition of payment platform Yukk. Read More
AfricInvest Invests in Nigeria’s Justrite
AfricInvest, through its fourth flagship fund, invested in Nigeria-based retail chain Justrite. Read More
General Catalyst Leads USD10m Round for Brazil’s Genial Care
General Catalyst led a USD10m round for Genial Care, a Brazil-based provider of autism care services for children, with participation from Atlantico, Canary and angel investors. Read More
BTG Pactual Leads USD30m Round for Chile’s BioElements
BTG Pactual led a USD30m round for BioElements, a Chile-based biodegradable plastic packaging manufacturer. Read More
China’s LePure Raises ~USD15m Series C Led by General Atlantic, Novo Holdings and Goldman Sachs Asset Management
LePure, a China-based bioprocess equipment developer, raised a ~CNY100m (~USD15m) Series C led by General Atlantic, Novo Holdings and Goldman Sachs Asset Management, with follow-on from Highlight Capital, Bayland Capital, HM Capital, CSTC and Huaying Health Fund. Read More
China’s Capcon Raises ~USD50m Series B2 from Chengchuang Capital, Cowin Capital and Others
Capcon, a China-based packaging equipment manufacturer, raised a ~USD50m Series B2 from Chengchuang Capital, Cowin Capital, GL Ventures and Shang Qi Capital. Read More
Lok Capital Reaches USD90m First Close for Fund IV
Impact investor Lok Capital reached a USD90m first close for its fourth fund focused on financial inclusion in India. Read More
Lion’s Head EIF To Provide ~USD8m Credit Facility in Mali’s SolarX
The Energy Inclusion Facility (EIF), managed by Lion’s Head Global Partners, agreed to provide a EUR7.5m (~USD8m) credit facility for SolarX, a Mali-based developer of commercial and industrial (C&I) solar power plants. Read More
Ghana’s Jetstream Africa Raises USD13m in Equity and Debt Pre-Series A
Jetstream Africa, a Ghana-based supply chain platform, raised a USD13m equity and debt pre-Series A. Cauris Management and Proparco led the debt financing, and equity investors included Octerra, Wuri Ventures, Seed9, The MBA Fund and ASCVC, with follow-on from Alitheia IDF and Golden Palm. Read More