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BlueOrchard and OP Financial To Provide USD20m Debt for Africa Mobile Networks

Africa Mobile Networks, a UK-based telecom provider focused on rural Sub-Saharan Africa, agreed to raise USD20m in debt from BlueOrchard Sustainable Assets Fund and OP Finnfund Global Impact Fund I, a vehicle managed by OP Financial and anchored by Finnfund. Read More

Investcorp Leads ~USD67m Investment in India’s Global Dental Services

Investcorp led a INR5.45b (~USD67m) investment in Global Dental Services, an India-based dental clinic chain operator, with participation from Tybourne Capital Management, SeaLink Capital Partners and others. Read more here and h Read More

India’s Fusion MicroFinance Raises ~USD135m in IPO

Fusion MicroFinance, an India-based lender focused on women entrepreneurs, raised INR11b (~USD135m) in its IPO on the BSE and NSE. The offering included INR2.3b (~USD28m) in share sales by investors including Warburg Pincus, Creation Investments and GAWA Capital Partners. Read More

Matrix Partners and FreesFund Invest ~USD6m in Angel Round for China’s ChainGen Bio

Matrix Partners and FreesFund invested ~USD6m in an angel round for ChainGen Bio, a China-based antibody-drug conjugates (ADCs) developer. Read More

Glisco Partners Leads USD27m Series B for Colombia’s Muncher

Glisco Partners led a USD27m Series B for Muncher, a Colombia-based dark kitchen operator, with participation from FEMSA Ventures and TMT Investments.  Read More

China’s XellSmart Raises ~USD28m Series A1 From Qiming Venture Partners and Others

XellSmart, a China-based developer of stem cell-based treatments, raised a ~CNY200m (~USD28m) Series A1 led by Qiming Venture Partners, Lilly Asia Ventures, FIG and CSSD, with follow-on from FreesFund, Sequoia China and Next Capital. Read more here and h Read More

China’s Atech Raises ~USD69m Series C From Xiaomi and Others

Atech Automotive, a China-based auto electronics maker, raised a ~CNY500m (~USD69m) Series C from Xiaomi, CICC Capital, PICC Capital, China Fortune-Innovation Capital and others. Read More

KKR To Invest USD400m in India’s Serentica Renewables

KKR agreed to invest USD400m in Serentica Renewables, an India-based clean energy provider serving large-scale, energy-intensive industrial customers. Read More

Victory Park Capital and Industry Ventures Lead USD60m Equity and Debt Round for Mexico’s Mendel

Mendel, a Mexico-based corporate spend management platform, raised a USD60m equity and debt round led by Victory Park Capital and Industry Ventures, with follow-on from ALLVP, BetterTomorrow Ventures and Infinity Ventures. The round included USD50m in debt financing. Read More

BOND Leads USD150m Series B for Algeria’s Yassir

BOND led a USD150m Series B for Yassir, an Algeria-based super app focused on Francophone Africa, with participation from DN Capital, Dorsal Capital, Quiet Capital, Y Combinator, Spike Ventures (formerly Stanford Alumni Ventures) and others. Read More

Chengtong Mixed Ownership Reform Fund Leads ~USD206m Series D for China’s Welion

Chengtong Mixed Ownership Reform Fund led a CNY1.5b (~USD206m) Series D for Welion, a China-based solid-state lithium battery developer, with participation from CSC Financial, SDIC Chuangyi, China Merchants Capital, Hermitage Capital, DYEE Capital, Hidden Hill Capital and others. Read More

Chan Zuckerberg Initiative Leads Series C for Brazil’s Beep Saúde

CZI, the investment arm of the Chan Zuckerberg Initiative, led a Series C for Beep Saúde, a Brazil-based at-home laboratory test and home care platform, with follow-on from DNA Capital, Bradesco, Endeavor Brasil and angel David Vélez (Nubank). Valor Capital Group led a USD20m Series B in April 2021; DNA Capital invested ~USD1m in 2019. Read More