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AAIC Investment Reaches First Close for Africa Innovation & Healthcare Fund

Singapore-headquartered AAIC Investment reached an undisclosed first close for Africa Innovation & Healthcare Fund. The vehicle has a USD150m target and primarily invests in startups in healthcare and fintech across Africa. Read More

CDPQ To Acquire Power Transmission Portfolio in LatAm From Terna Group for ~USD279m

CDPQ agreed to acquire a portfolio of power transmission assets in Brazil, Peru and Uruguay from Terna Group for EUR265m (~USD279m). Read More

VentureFriends Lead ~USD107m Round for Spotawheel

VentureFriends led a EUR100m (~USD107m) equity and debt round for Spotawheel, a Greece-based used car marketplace with operations in CEE, with participation from Adevinta Ventures, UNIQA Ventures, Rockaway Ventures, Velocity Partners, FJ Labs, Collective Spark, Endeavour Catalyst and others. The debt was provided by an unnamed UK-based credit fund alongside unnamed institutional investors. Read More

Greylock Leads USD55m Series B for Brazilian Wholesale Marketplace Inventa

Greylock led a USD55m Series B for Inventa, a Brazil-based marketplace connecting regional wholesalers with local retailers, with participation from monashees, NXTP, ONEVC, MAYA Capital, Andreessen Horowitz, Founders Fund, Tiger Global, Pear VC, Avenir Growth and A* Capital. Read More

KKR Launches Vietnam- and Taiwan-Focused Renewable Energy Platform

KKR launched Aster Renewable Energy, a Singapore-headquartered renewables platform to develop, build and operate solar, wind and energy storage projects in Taiwan and Vietnam. Read More

GA’s BeyondNetZero, M&G and Arch EM Invest USD260m Series D for Sun King; Apis partially Exits

Sun King (formerly Greenlight Planet), a provider of solar energy products for off-grid homes in Africa and Asia, raised a USD260m Series D led by General Atlantic’s BeyondNetZero, M&G Investments and Arch Emerging Markets Partners, facilitating a partial exit for Apis Partners. Read more here and h Read More

TPG Rise Climate Reaches USD7.3b Final Close

TPG reached a USD7.3b final close for its TPG Rise Climate fund targeting investments in climate solutions, including clean energy, enabling solutions, decarbonized transport, greening industrials and agriculture and natural solutions. Read More

Dragonfly Capital, Sequoia and Stellar Invest USD10m in Nigeria’s Afriex

Afriex, a Nigeria-based developer of a blockchain-based payments platform, raised USD10m from Dragonfly Capital, Sequoia Capital and Stellar. Read More

Connected Capital Leads USD40m Series A for Estonia’s Eurora Solutions

Connected Capital led a USD40m Series A for Eurora Solutions, an Estonia-based cross-border e-commerce compliance platform, with participation from Change Ventures and Equity United. Read More

Acumen and FMO Lead USD6.4m Pre-Series A for Ghana’s Farmerline

Acumen Resilient Agriculture Fund and FMO led a USD6.4m pre-Series A for Ghana-based agtech Farmerline, with participation from Greater Impact Foundation. The company also raised USD6.5m in debt from DEG, Rabobank, Ceniarth, Rippleworks, Mulago Foundation, Whole Planet Foundation, the Netri Foundation and Kiva. Read More

BluePeak Invests up to USD15m in Africure

BluePeak Private Capital agreed to invest up to USD15m in Africure, a pan-African manufacturer and distributor of pharmaceutical goods serving East and West Africa. Read More

Wa’ed and Savola Lead USD18.5m Round for Saudi Arabia’s Red Sea Farms

Wa’ed and The Savola Group led a USD18.5m round for Saudi Arabia-based agtech Red Sea Farms, with participation from KAUST Innovation Fund and OlsonUbben. Read More