India- and Southeast Asia-focused private investment group Everstone Capital has fully exited Singapore-based payroll processing and human capital management firm Excelity Group to US-based NASDAQ-listed human resource management software provider Ceridian. Everstone first invested in Excelity in 2015. Details of the transaction were undisclosed. Read More
Private equity firm Vista Equity Partners 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. Facebook and Silver Lake recently invested USD5.7b and USD750m, respectively, for 9.99% and 1%… Read More
Africa-focused private credit fund manager Vantage Capital has fully exited South Africa-based optical network operator Vumatel. Vantage Capital originally provided financing to the company in 2016 and recently achieved the exit through the refinancing of Vumatel’s debt by a consortium of South African banks. Read more… Read More
Florida State Board of Administration (SBA) has agreed to commit USD100m to Patria Investimentos Infrastructure Fund IV, a fund managed by Brazil-focused private equity firm Patria Investimentos. The vehicle, targeting USD2.8b, has secured USD1.6b in commitments to date. Read more… Read More
India-based VC Exfinity Ventures and India-based angel investor network IAN Fund led a USD5.1m Series A for India-based Multilingual AI-based voice automation services platform Vernacular.ai, with participation from existing investors Kalaari Capital, AngelList, and LetsVenture. Read more… Read More
VCs Change Ventures, Vereeni Early Stage Fund, BENE Asia Capital, and Lemonade Stand led a USD1.7m seed investment for askRobin, an Estonia-based fintech focused on underbanked customers in Latin America. A number of tech entrepreneurs from Estonia participated in the round, including Pipedrive Co-Founder Ragnar Sass and Salv… Read More
Canary Ventures led a USD600k seed investment for Brazil-based SME-focused digital energy manager Clarke Energia, with participation from Fundação Estudar Alumni Partners (FEAP). Read more… Read More
UK-based VC Grafton Capital has invested USD20m in Omilia, a Cyprus-based AI developer for customer support. Read more… Read More
Sequoia India and Alpha JWC Ventures led a USD25.4m Series A for Indonesia-based B2B e-commerce platform GudangAda, with participation from existing investor Wavemaker Partners. GudangAda previously secured USD10.5m in a seed round in February 2020. Read more… Read More
Global investment management firm Monachil Capital Partners has provided a USD30m line of credit to Colombia-based fintech Zinobe. Read more… Read More
(default archive template)