Emerging markets-focused alternative asset manager The Rohatyn Group (TRG) has acquired Optimapharm, a Croatia-based contract research organization with operations throughout Europe, from Central and Eastern Europe-focused private credit fund manager Mezzanine Management. Read more… Read More
Legend Capital led a USD141m funding round for Chinese pharmaceutical company Novast Holdings via a private placement. Shiyu Capital, Xiamen C&D, HighLight Capital, Highsino, and China’s Service Trade Fund also participated in the private placement. Read more… Read More
Temasek-backed US- and Asia-focused VC fund manager Vertex Ventures, led a USD26.5m Series D for Taiwan-based social media startup M17 Entertainment, with participation from Stonebridge Korea Unicorn Venture Fund, Innoven Capital Singapore, Kaga Electronics, and ASE Global Group. Read more… Read More
Ukraine-based VC fund Genesis Investments led a USD1.5m seed investment for Belarus-based video editing application VOCHI. Read more… Read More
CB Growth One, a fund managed by Slovakia-based VC fund manager CB Investment Management, has invested EUR1m (approximately USD1.1m) in Slovakia-based agtech Nitroterra. Read more… Read More
Middle East-focused fund manager Algebra Ventures led a USD3.5m pre-Series A for Egypt-based social commerce platform Brimore, with participation from existing investors 500 Startups and Flat6Labs, and from new investors Disruptech and Vision Ventures. Algebra Ventures previously co-led a USD800k seed round for the company in February 2019. Read More
Africa-focused TMT investment management firm Convergence Partners has acquired Vodacom Business Africa’s operations in Nigeria, Zambia, and Cote d’Ivoire via its pan-African digital service provider platform inq. (formerly known as Synergy Communications) for an undisclosed amount. A further planned acquisition of Vodacom’s operations in… Read More
Dragon Ball Capital, the VC arm of Meituan-Dianping, and China-focused private equity firm CDH Investments led a USD56m Series C for China-based food and ingredient distribution platform Lehe Food, with participation from Guangzhou Hezhi Investment Management. Dragon Ball Capital and Hezhi previously invested in… Read More
China-based Sunshine Insurance Group led a USD60m extended Series C for China-based finance and tax management software developer Huisuanzhang, with participation from existing investors Gaocheng Capital, Xiaomi, and Swift Hover. Read more… Read More
INVL Baltic Sea Growth Fund, a fund managed by Lithuania-based firm INVL Asset Management, has agreed to acquire a controlling stake in Latvia-based plastic recycling and waste collection specialist Eco Baltia. Read more… Read More
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