Boyu Capital, Primavera Capital Group, and Hopu Investments led a USD700m Series D for 4Paradigm, a China-based AI technology developer for enterprise customers, with participation from Sequoia Capital China, Goldman Sachs, CPE, Jinyi Capital, and FountainVest Partners. China-UAE Joint Investment Fund, Mubadala Investment, CDB Capital, China Reform Holdings,… Read More
Global Ventures and STV led a USD2.25m pre-Series A for spiderSilk, a Dubai-based cybersecurity startup specializing in advanced threat detection technology, with participation from angel investors. Read more… Read More
TLcom Capital led a USD6m Series A for Pula, a Kenya-based insurtech that specializes in digital and agricultural insurance to derisk smallholder farmers across Africa, with participation from non-profit Women’s World Banking. Read more… Read More
KK Fund led a USD20m Series A for CapBay, a Malaysia-based supply chain finance and peer-to-peer financing platform, with participation from angel investors. Read more… Read More
TVS Capital Funds has reached a INR20b (approximately USD272m) final close for TVS Shriram Growth Fund III, an India-focused vehicle. All LPs in the fund, which include DFIs, family offices, insurance companies, and UHNIs, are domestic. Read more… Read More
The European Investment Bank (EIB) has committed EUR15m (approximately USD18m) to ARCH Cold Chain Solutions East African Fund. The vehicle, which has an initial target of USD100m and is managed by ARCH Emerging Market Partners, will invest in greenfield assets critical to the operation of temperature-controlled supply chains… Read More
Blackstone Group-backed Pátria Investimentos has raised USD588m in a US IPO, with Blackstone reducing its stake to 14% for USD262m. Pátria will use the proceeds to launch new funds and expand its business in Brazil and Latin America. Read more… Read More
Creador has sold 12% of its stake in India-based water storage and pipes manufacturer Vectus Industries back to the company for an undisclosed amount. Creador originally acquired a 20% stake in the company in 2014. Read more… Read More
Mubadala Investment Company has acquired Farallon Capital Management’s interest in Brazil-based highway concession Rota das Bandeiras for BRL2b (approximately USD376m), becoming the company’s sole controller. The concession operates nearly 300 kilometers of highways in São Paulo. Read more… Read More
XTX Ventures led a USD3.5m Series A for US- and Russia-based construction software startup TraceAir, with participation from Liquid 2 Ventures, GEM Capital, GPS Ventures, Wrike CEO Andrew Filev, Metropolis.VC, Independent Construction, and ENGEO. Read more… Read More
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