Horizon Ventures and Alpha JWC Ventures led a USD11.5m Series A for Indonesia-based capsule hotel operator Bobobox, with participation from Kakao Investment, Sequoia’s Surge, and Mallorca Investments. Read more… Read More
Actis, through its Actis Asia Real Estate fund, has sold South Korea-based twin-tower office building Young City to a consortium of local institutional investors for USD447.5m. The asset came under Actis’ control after the acquisition of the Asia unit of Standard Chartered’s Principal Finance Real Estate in 2018. Read More
Fintech and financial inclusion-focused fund manager Quona Capital led a USD15m investment in Colombia-based fintech ADDI, with participation from existing investors Andreessen Horowitz and monashees, and new investors Foundation Capital and S7 Ventures. Read more… Read More
India-focused private equity firm Rabo Equity Advisors has fully exited its 29.81% stake in Daawat Foods, a subsidiary of Mumbai-listed rice exporter LT Foods, via a sale to United Farmers Investment Company for USD17.23m. Read more… Read More
KKR has agreed to invest USD1.5b in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, for a 2.3% stake. With this investment, Jio has received over USD10b in the past month from Facebook, Silver Lake, Vista Equity Partners, and General Atlantic. Read More
Xiang He Capital led a USD30m Series C extension for China-based data company Sensors Data, with participation from Morningside Venture Capital, DCM China, Warburg Pincus, Sequoia Capital China, Linear Venture, and FutureCap. Warburg Pincus led the company’s USD44m Series C in 2018. Read more… Read More
Reflex Capital and J&T Ventures have made a EUR2m (approximately USD2.2m) seed investment in Czech Republic-based AI-enabled scouting startup Leadspicker. Read more… Read More
Africa-focused private equity firm Development Partners International (DPI) has invested USD56m in Tunisia-based tomato processor Société Industrielle des Conserves Alimentaires (SICAM) through African Development Partners III (ADP III). Read more… Read More
Venture capital firm B Capital Group led a ~USD60m Series B for India-based SME-focused fintech Khatabook, with participation from existing investors Sequoia India, Partners of DST Global, Tencent, and GGV Capital. New investors RTP Global, Hummingbird Ventures, Falcon Edge Capital, Rohit Bahl, Rocketship.vc, and Unilever Ventures also participated… Read More
Anthemis Exponential Ventures, a partnership between Anthemis Group and Exponential Ventures, led a USD6m Series A for Kenya-based Apollo Agriculture, a financing and products platform for small farmers, with participation from existing investors Accion Venture Lab and Newid Capital, and new investors Leaps by Bayer, Flourish Ventures, Sage… Read More
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