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CBC Leads Series B for Singapore’s RVAC

CBC Group led an undisclosed Series B for RVAC Medicines, a Singapore-based messenger RNA (mRNA) company, with participation from Temasek’s Pavilion Capital, EDBI and GS Holdings. The new round brings the company’s total funding raised to date to USD140m. Read More

MSPEA Acquires Majority Stake in Singapore-listed APAC Realty From Northstar for ~USD94.2m

Morgan Stanley Private Equity Asia (MSPEA) agreed to acquire a majority stake in APAC Realty, a Singapore-listed real estate services company in Asia, from Northstar Group for SGD129.5m (~USD94.2m). Read More

Venturi Partners Reaches USD175m Final Close for Consumer-focused Fund

Singapore-based Venturi Partners reached a USD175m final close for its debut fund targeting investments in consumer-focused businesses in India and Southeast Asia. Read More

General Atlantic Leads USD300m Series D for Biofourmis

General Atlantic led a USD300m Series D for Biofourmis, a US-based AI and digital therapeutics startup originally founded in Singapore, at a reported USD1b+ valuation, with participation from CVS Health and follow-on from existing investors. Read More

Vulcan Capital Leads USD65m Series B for Singapore’s BandLab

Vulcan Capital led a USD65m Series B for Singapore-based social music platform BandLab, with participation from Prosus Ventures, Caldecott Music Group and K3 Ventures. Read More

STV, COTU, Global Founders and VentureSouq Invest USD9.4m Seed Round for UAE’s Zenda

UAE-based fintech Zenda (formerly Nexopay) raised a USD9.4m seed round from STV, COTU Ventures, Global Founders Capital and VentureSouq. Read More

Credit Saison Invests USD80m Equity & Debt in Indonesia’s JULO

Indonesia-based digital lender JULO raised USD30m in equity and USD50m in debt from Credit Saison. Read More

Futuregrowth Leads USD5.3m Seed Round for South Africa’s Inseco

Futuregrowth Asset Management, through its Futuregrowth Development Equity Fund, led a USD5.3m seed round for South Africa-based foodtech Inseco, with participation from E4E Africa and Oak Drive Ventures. Read More

AfDB Commits (~USD10.6m) to Cathay AfricInvest Innovation Fund

The African Development Bank Group committed EUR9.8m (~USD10.6m) to Cathay AfricInvest Innovation Fund to support seed-to-growth stage investments in African startups. Read More

Early Game Ventures and RocaX Ventures Invest USD4m in Romania’s Bunnyshell

Early Game Ventures and RocaX Ventures invested USD4m in Bunnyshell, a Romania-based cloud infrastructure startup. Read More

Tofino Capital Reaches USD5m First Close for EM Fund

Tofino Capital reached a USD5m first close for its fund targeting early-stage startups in Africa, Asia, Latin America and the Middle East, with a focus on large markets that have minimal access to venture capital. The fund has a USD10m target. Read More

Global Emerging Markets Group Leads USD35m Round for UAE’s Millennial Brands

Global Emerging Markets Group leads USD35m round for UAE-based D2C platform Millennial Brands, with participation from Al Attiyah Group, Dash Ventures, Ishango Consulting and Rami Al Ali. Read More