Quona Capital closed its second fund with USD203m in commitments. The fund’s anchor investor, sponsor, and general partner is Accion and the capital will be used to target financial inclusion startups in emerging markets. Read more… Read More
International Finance Corporation is the lead arranger for a EUR303m (approximately USD337.7m) debt financing package for Atinkou, a natural gas-fired power project in Côte d’Ivoire. The African Development Bank (AfDB), the Dutch development finance institution FMO, Germany’s Deutsche Investitions und… Read More
Healthcare-focused private equity fund manager Quadria Capital has reached a final close for Quadria Capital Fund II with USD595m in commitments, surpassing its original target of USD400m. The fund will target South and Southeast Asia and investors include global asset managers, pension funds, sovereign… Read More
VC Rukam Capital led an undisclosed round of funding for India-based startup Sleepy Owl Coffee, with participation from AngelList India and DSG Consumer Partners. Read more… Read More
Middle East-focused venture capital firm Ibtikar Fund led a six-figure pre-Series A investment in Palestine-based digital receipt mobile app developer Receet with participation from Paltel Group. Read more… Read More
A consortium of investors including the International Finance Corporation, Prime Ventures, and Partech Africa invested USD9.6m in mobile payment company TerraPay. The capital injection came after Prime Ventures, Partech Africa, and company management acquired TerraPay for an undisclosed amount. TerraPay was incubated by India’s Comviva and has operations in Africa,… Read More
CDC Group has announced the appointment of its first Climate Change Director, Amal-Lee Amin. The newly created position will see Dr. Amin play a pivotal role within CDC ahead of the company’s new climate change strategy launch, scheduled for later this year. Read more… Read More
Southeast Asia-focused VC Elev8.vc has reached a USD15m final close for its debut fund. The vehicle will invest in early-stage startups with a focus on deep tech and B2B. Read more… Read More
Actis has partnered with Nigerian conglomerate Jagal and acquired a majority stake in Nigeria-based data center Rack Centre. This investment is part of Actis’ plan to establish a USD250m pan-African data center platform. Read more… Read More
Swiss impact fund manager responsAbility Investments has invested INR860m (approximately USD11.8m) in India-based SME-focused lender Ess Kay Fincorp. Existing shareholders also include Setia, TPG Growth, Norwest Venture Partners, Baring Private Equity India, and Evolvence India. Read more… Read More
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