India-focused VC 3one4 Capital has reached a USD40m first close for its third VC fund. The vehicle, which targets USD100m, aims to invest in early-stage startups across sectors such as SaaS and enterprise automation, direct-to-consumer, media and content, fintech, and deep technology in India. Read more… Read More
LeapFrog Investments, SBI Investment, Xiaomi, Alpha JWC Ventures, and Intudo Ventures have invested a USD54m Series B for Indonesia-based Insurtech PasarPolis. Existing Series A investors also participated in the round. Read more… Read More
Tigermed and Yingke PE led a USD100m Series C for Adlai Nortye, a China-based clinical-stage biopharmaceutical company focused on developing immuno-oncology medicines, with participation from ATCG Holdings, ICBC Asset Management, and two funds affiliated with Yingke PE. Read more… Read More
SoftBank, through its Vision Fund II, led a USD100m Series C for Biofourmis, a US-based AI and digital therapeutics startup originally founded in Singapore, with participation from returning investors Openspace Ventures, MassMutual Ventures, Sequoia Capital, and EDBI. Read more… Read More
PAG has agreed to provide USD137m in debt to India-based Edelweiss Financial Services via redeemable non-convertible debentures. PAG recently acquired a 51% stake in Edelweiss Wealth Management. Read more… Read More
SoftBank, through its Vision Fund II, led a USD150m Series F for India-based edtech Unacademy at a USD1.45b valuation, with participation from existing investors Facebook, Blume Ventures, Nexus Partners, General Atlantic, and Sequoia Capital. Read more… Read More
General Atlantic led a USD300m Series C in Brazil-based fintech Neon Pagamentos, with participation from BlackRock, Vulcan Capital, PayPal Ventures, Endeavor Catalyst, and BBVA, and follow-on from monashees and Flourish Ventures. Read more… Read More
Ontario Teachers’ Pension Plan Board (OTPP) has agreed to invest USD350m in Edelweiss Alternate Asset Advisors, the alternative investment platform of the Edelweiss Group, as part of a long-term partnership which will focus on performing and distressed credit investment opportunities in India. Read more… Read More
A consortium of investors led by Apollo Global Management has agreed to acquire a 49% stake in UAE-based Abu Dhabi Property Leasing Holding Company, a wholly owned affiliate of ADNOC, for USD2.7b as part of a deal valued at USD5.5b. The transaction is expected to close by the… Read More
BTG Pactual, Turin MFO, and ENFINI Investments led a BRL115m (approximately USD21m) investment in Brazil-based foodtech Fazenda Futuro, with participation from existing investors monashees and Go4it Capital. Read more… Read More
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