Karma Ventures and BlackFin Capital Partners led a USD4m late seed round for Estonia-based core banking platform Modularbank, with participation from Plug and Play Ventures, Siena Capital, and former Twilio and Skype CTO Ott Kaukver. Read more… Read More
Multiples Alternate Asset Management has sold 2% of its 11% stake in India-based movie theater chain PVR through an open market transaction for USD24m. Read more… Read More
Naspers Foundry led a ZAR250m (approximately USD17m) Series B for South Africa-based agtech Aerobotics, with participation from FMO and Cathay AfricInvest Innovation Fund. Read more… Read More
TLG Capital has exited its investment in Uganda-based fuel retail chain BAJ Stations Uganda for an undisclosed amount. TLG originally invested in the company in 2017 through its Credit Opportunities Fund. Read more… Read More
UOB Venture Management (UOBVM) and Credit Suisse have reached a USD60m first close on their second Asia impact investment fund. Read more… Read More
The US International Development Finance Corporation invested USD300m in Africa Data Centres, the data storage arm of Johannesburg-based Liquid Telecom, a company controlled by Zimbabwe’s Econet Group. Read more… Read More
Western NIS Enterprise Fund, a fund managed by Horizon Capital, has agreed to sell its stakes in Moldova-based Glass Container Company and Glass Container Prim (GCC) to Vetropack Group for an undisclosed amount. Read more… Read More
CLSA has reached a USD226m for Lending Ark Asia Secured Private Debt Fund, a vehicle targeting SMEs in the Asia Pacific region. Read more… Read More
Insitor Impact Asia Fund and TRIREC led a USD2m Series A2 for SolarHome, a solar energy startup offering pay-as-you-go solutions for off-grid households in Myanmar, with participation from Anthem Asia Myanmar SME Venture Fund and DPI Energy Ventures. Read more… Read More
ZWC Partners has reached a USD400m first close for its latest USD-denominated fund, a vehicle targeting early- and growth-stage startups specializing in industrial internet and new consumer across China and Southeast Asia. Read more… Read More
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