India-focused private equity fund manager Faering Capital has fully exited India-based digital payments company TranServ via a strategic sale to non-banking financial company Indiabulls Consumer Finance for INR761m (approximately USD10m). Read more… Read More
Baltics-focused private equity fund manager BaltCap has acquired two Lithuania-based meat processing companies, namely Krekenavos Agrofirma and Mesa LT, through BaltCap Private Equity Fund III (BPEF III). BPEF III financed the acquisition of Krekenavos Agrofirma through Mesa LT and became majority owner of the joint company. Krekenavos CEO… Read More
China-based VC ATM Capital has reached a USD100m final close for its debut Southeast Asia fund, which will invest in the logistics, retail, and financial technology sectors across Southeast Asia. Read more… Read More
The Carlyle Group has sold 6.55m shares in India-based diagnostic company Metropolis Healthcare to SMALLCAP World Fund, managed by US-based investment firm Capital Group, for INR7.57b (approximately USD99.1m). Carlyle now holds a 1.25% stake in the company. Read more… Read More
Valor Capital and DNA Capital led a USD11m series B in Brazilian health-focused edtech platform Sanar, with follow-on from e.bricks Ventures and Vox Capital. Read more… Read More
Southeast Asia-focused venture capital fund manager Openspace Ventures led a USD5m series A for Philippines-based live streaming app Kumu, with participation from Kickstart Ventures, media conglomerate ABS-CBN, Gobi-Core Philippine Fund, and existing investors Summit Media and Foxmont Capital Partners. Read more… Read More
Adjuvant Capital, a health-focused investment firm backed by IFC and the Bill & Melinda Gates Foundation, led a USD15m Series A for Nigeria-based genomics company 54gene, with participation from Raba Capital, V8 Capital, and Ingressive Capital, and follow-on investments from Y Combinator, Better Ventures, Fifty Years,… Read More
Lightspeed Venture Partners has announced the closings of three funds at USD4b in overall capital commitments. Specifically, Lightspeed Venture Partners XIII, Lightspeed Venture Partners Select IV, and Lightspeed Opportunity Fund received USD890m, USD1.83b, and USD1.5b respectively. Lightspeed Opportunity Fund targets ex-US startups. Previously, Lightspeed has… Read More
European lender Triodos Bank, Quona Capital, Japan-based financial services company Credit Saison’s venture arm Saison Capital, and EV Growth, a joint venture between Sinar Mas and East Ventures, have invested USD20m in equity and debt in Indonesia-based fintech KoinWorks. Triodos Bank provided debt, while the… Read More
Existing investors Ribbit Capital, Sequoia Capital India, SAIF Partners, and Amazon have invested an additional USD15m in India-based lending platform Capital Float. Read more… Read More
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