GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.

Access past editions of NewsWatch here.

Brazil’s Turbi Secures ~USD21m Loan Facility from ARC Capital, Jive Investments and Others

Turbi, a Brazil-based car rental platform, secured a BRL106m (~USD21m) loan from ARC Capital, Jive Investments, Augme, Capitânia, EXT, Fator and Western. Read More

Aquiline-Backed Everfield To Acquire Latvia’s Blue Bridge Technologies; BaltCap to Exit

Everfield, a software buy-and-build platform established by Aquiline, agreed to acquire a 100% stake in Blue Bridge Technologies, a Latvia-based developer of medical practice management software. The deal will facilitate an exit for BaltCap’s Latvia Venture Capital Fund. Read More

DXA Invest and Arien Lead ~USD6m Series A+ for Brazil’s Aviation Platform Flapper

DXA Invest and Arien led a ~USD6m Series A+ for Flapper, a Brazil-based on-demand private aviation service. Read More

TPG and Lighthouse Sell Shares in India’s Nykaa for Combined ~USD234m

TPG and Lighthouse each sold shares in Nykaa, an India-listed online fashion retailer, for INR12b (~USD148m) and INR7b (~USD86m), respectively. Read more here and h Read More

Mubadala Capital and Korelya Capital Lead USD70m Series B for Poland’s Ramp

Mubadala Capital and Korelya Capital led a USD70m Series B for Ramp, a Poland-based cryptocurrency payment platform, with participation from Cogito Capital and follow-on from Balderton Capital. Read More

L Catterton Acquires ~USD116m Minority Stake in Brazil’s CantuStore

L Catterton acquired a BRL600m (~USD116m) minority stake in CantuStore, a Brazil-based omnichannel aftermarket tire retailer and distributor. Read more here and h Read More

TPG Reaches USD3.4b First Close for Eighth Flagship Asia Fund

TPG reached a USD3.4b first close for its eighth flagship Asia fund, which was launched earlier this year with a USD6b target. Read More

Elevar Equity Leads ~USD6m Series A for India’s CureBay

Elevar Equity led a INR500m (~USD6m) Series A for India-based remote healthcare provider CureBay. Read More

Brazil’s Liti Raises ~USD4.2m from monashees, Canary, Norte Ventures, Newtopia VC and others

Liti, a Brazil-based health monitoring platform focused on weight control, raised a ~USD4.2m round from monashees, Canary, Grão, Norte Ventures, Eclipseon, Newtopia and The Fund. Read More

Enlight Growth Partners and Fore Bright Capital Lead ~USD14m Pre-Series B for China’s Bailian.AI

Enlight Growth Partners and Fore Bright Capital led a CNY100m (~USD14m) pre-Series B for Bailian.AI, a China-based B2B marketing firm, with participation from DeTong Capital and follow-on from Orient Jiafu Asset Management and Yunqi Partners. Read More

Lightrock Leads USD27m Series B for Brazil’s Agrolend

Lightrock led a USD27m Series B for Agrolend, a Brazil-based unsecured lender to smallholder farmers, with participation from Yara Growth Ventures and Mago Capital, and follow-on from Valor Capital Group, SP Ventures and others. Read More

Quona Capital Reaches USD332m Final Close for Fund III

Quona Capital reached a USD332m final close for Quona Accion Inclusion Fund III, originally targeting USD250m. The fund will invest in early-stage startups advancing financial inclusion in Latin America, India, Southeast Asia, Africa and the Middle East. Quona Capital reached a USD200m final close for Fund II in 2020. Read More