Panlin Capital has reached a CNY1b (approximately USD148m) final close for its first technology innovation fund targeting tech investments in the health care sector. Read more… Read More
Indus Valley Capital led a USD1m seed round for Pakistan-based women’s fitness startup AimFit, with participation from the founding team of Atoms, an unnamed unicorn founder, and angel investors. Read more… Read More
Sawari Ventures has invested in a USD5m pre-Series A for Elves App, an Egypt-based AI-powered concierge app for on-demand services. Read more… Read More
Faith Capital Holding has invested a USD8m Series B for Kuwait-based laundry marketplace platform JustClean. Faith Capital acquired the startup in 2017. Read more… Read More
Blackstone Group has sold 27.55m shares, the equivalent of a 23% stake, in India-based packaging company Essel Propack for INR18.5b (approximately USD251m). Blackstone first invested in the company in April 2019 and will now hold a 52% stake. Read more… Read More
JP Morgan CMBD II has fully exited its 19.43% stake in India-based software services provider Happiest Minds for INR4.5b (approximately USD61m) via the company’s INR7b (approximately USD95m) IPO. JP Morgan first invested in the company in March 2015. Read more… Read More
The Agri-Business Capital Fund (ABC Fund), a vehicle managed by Bamboo Capital Partners in partnership with Injaro Investments, has invested a combined EUR1.2m (approximately USD1.4m) in Ghana-based tubers and vegetables processor Maphlix and in Burkina Faso-based cashew nut processor Anatrans. Read more… Read More
Naspers Foundry, Nasper’s early-stage tech investment vehicle, has made an undisclosed investment in Food Supply Network, a South Africa-based B2B marketplace that integrates ordering systems of manufacturers, distributors, and buyers of food products. Read more… Read More
Itaú Unibanco and Bradesco led a USD15m investment for Brazil-based fintech Quanto, with participation from KaszeK Ventures and Coatue Management. Read more… Read More
Helios Investment Partners has launched Africa Specialty Risk Group (ASR), a reinsurance business, in partnership with AXA Africa Specialty Risks former CEO Mikir Shah and Bryan Howett, the former CEO of Old Mutual’s pan-African reinsurance operations. Helios is investing in ASR through its latest fund, Helios Investors IV. Read More
(default archive template)
