Sanabil Investments and STV led a USD20m Series B for FOODICS, a Saudi Arabia-based restaurant management platform, with participation from Endeavor Catalyst, Elm, and Derayah Venture. Read more… Read More
Amethis has acquired an undisclosed minority stake in Nouvelle Minoterie Africaine (NMA), a Senegal-based fast moving consumer goods company focused on the production and distribution of poultry and livestock feed, pasta, and wheat flour. Read more… Read More
Flashpoint Venture Capital, Uniqa Ventures, PKO VC, Adamed, and existing investor Black Pearls VC led a EUR5.5m (approximately USD6.6m) Series A for telehealth and digital health services platform Telemedico. Read more… Read More
DEG has committed USD22m to Openspace Ventures Fund III, a Southeast Asia-focused fund managed by Openspace Ventures. The fund reached a USD90m+ first close in June 2020 and has a target of USD200m. Read more… Read More
China-based short video and live streaming app Kuaishou has raised HKD42b (approximately USD5.4b) in its IPO on the HKEX. Underwriters fully exercised the overallotment option, bringing the total capital raised to HKD48.2b (approximately USD6.2b). Ten cornerstone investors including GIC, Temasek, the Abu Dhabi Investment Authority, CPP Investments,… Read More
GGV Capital has reached a combined USD2.52b final close across five funds, including: USD1.46b for GGV Capital VIII; USD366m for GGV Capital VIII Plus; USD610m for GGV Discovery III; USD80m for GGV Capital VIII Entrepreneurs Fund; and CNY3.4b (approximately USD525m) for GGV Capital RMB Fund II. Read… Read More
GIC, Whale Rock, and Invesco led a USD400m Series G for Brazil-based fintech Nubank, with participation from Tencent Holdings, Dragoneer Investment Group, Ribbit Capital, and Sequoia Capital at a reported USD25b valuation. Read more… Read More
Iporanga Investimentos led an undisclosed seed round for Brazil-based B2B wholesale marketplace, with participation from Verve Capital and angels investors including Viva Real founder Brian Requarth and Olist founder Tiago Dalvi. Read more… Read More
Quona Capital and B Capital Group led a USD20m Series A for Ula, an Indonesia-based e-commerce marketplace for small retailers, with follow-on from Sequoia Capital India and Lightspeed India Partners. Read more… Read More
Quona Capital led a USD3m pre-Series A for Cowryrise, a Nigeria-based fintech startup that offers digital wealth management and financial planning solutions, with participation from Tsadik Foundation, Gumroad CEO Sahil Lavingia, and a syndicate of Nigerian angel investors. Read more… Read More
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