Apis Partners, Gobi Partners, MEC Ventures, and Riyad Taqnia Fund led a USD20m Series B for Indonesia-based AI enterprise software company Eureka AI. SG Innovate, GDP Ventures, Pacific Bridge, and Cianna Capital also participated in the round. They join existing investors in the company that include… Read More
Kinea, the alternative asset management subsidiary of Brazil-based financial services group Itaú, has agreed to acquire a minority stake in Brazil-based financial and retail technology company Matera for BRL100m (approximately USD23m). Read more… Read More
Brazilian private equity manager Oria Capital has reached a first close for Fund III, targeting USD100m. Investors include international institutional investor programs and Brazilian institutional investors. Read More
Middle East- and North Africa-focused venture capital fund manager Wamda Capital, Lebanon-focused venture capital firms Phoenician Funds and B&Y have participated in a USD6m Series A funding round for Dubai-based car shopping startup Seez. Read more… Read More
South Asia- and Africa-focused healthcare delivery platform Evercare, a portfolio company of TPG’s The Rise Fund, has acquired Bangladesh-based Apollo Hospitals Dhaka for BDT10b (approximately USD118m). The investment was made by The Evercare Health Fund, a vehicle acquired by TPG from The… Read More
The International Finance Corporation is the lead arranger for a USD125m Islamic financing package to UAE-based private healthcare company Humania. IFC will provide Humania with a USD35m Islamic facility. The remainder of the financing is from the Finnish Fund for Industrial Cooperation Ltd (Finnfund), OPEC Fund for International Development, European… Read More
Middle East and North Africa-focused venture capital fund manager Wamda Capital led a USD3.5m Series A follow-on round for Jordan-based mobile games publisher Tamatem, with participation from Saudi Arabia’s Modern Electronics and the UK’s North Base Media. Read more… Read More
India-focused alternative asset manager Steadview Capital Management and Tiger Global Management led a USD70m Series C in healthcare data analytics startup Innovaccer. Dragoneer, Westbridge Capital, Mubadala, and Microsoft’s venture fund M12 also participated in the round. Based out of San Francisco, Innovaccer has significant operations in India. Read More
Asia- and North America-focused venture capital firm GGV led a USD24m Series C extension round for interactive online tutoring platform Vedantu, with participation from existing investors. The USD24m extension brings the Series C round to a total of USD66m. Read more… Read More
Dutch development finance institution FMO led a USD6m investment in Jordan-based fintech Liwwa, with participation from Wamda Capital, 500 Startups, Edgo VC, and EFG-EV. Read more… Read More
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