Washington, DC, 8 March 2019: EMPEA, the global industry association for private capital in emerging markets, today announced its 2019 gender initiatives in conjunction with International Women’s Day. The initiatives will be led by the Gender Parity Acceleration Working Group of the EMPEA ESG Community. The Working Group is comprised… Read More
China-based electric vehicle manufacturer Weltmeister Motor (WM Motor) has raised CNY3 billion (approximately USD447 million) in a Series C round led by Baidu, a China-based internet company. China-focused venture capital firm Linear Venture and government-backed asset management company Taihang Industrial Fund also invested in the round. WM Motor plans to… Read More
China-focused growth equity fund manager Boyu Capital has reached a final close for its USD-denominated fourth fund with USD3.6 billion in capital commitments. Investors in the fund include Singaporean sovereign wealth funds GIC and Temasek Holdings, Chinese businessman Li Ka-shing, family offices, and pension funds, including New York Common Retirement… Read More
China-focused venture capital fund manager MSA Capital (formerly known as Magic Stone Alternative Investment) has reached a first close for MSA China Fund II with USD197 million in capital commitments. The fund received commitments from 13 investors and is targeting a final close of USD250 million in total commitments. MSA… Read More
India-based e-commerce logistics platform Delhivery has raised USD395 million in a Series F funding round led by Japan-based technology and investment group SoftBank. Global alternative asset management firm The Carlyle Group and China-based conglomerate Fosun International also participated in the round, which reportedly values Delhivery at USD1.6 billion. SoftBank invested… Read More
Indonesia-based digital health services company Halodoc has raised USD65 million in a Series B funding round led by UOB Venture Management, the direct equities arm of Singapore-based financial services group United Overseas Bank. Other investors in the Series B include private equity fund manager Korea Investment Partners, China-based health care… Read More
West Africa-focused private equity fund manager Cauris Management has sold its stake in Togo-based Banque Populaire pour l’Epargne et le Crédit (BPEC) to African financial services company SUNU Group. Cauris originally invested in BPEC, which currently has 27 branches across Togo, in 2010 through Cauris Croissance and completed a follow-on… Read More
Accion Venture Lab, the seed-stage investment initiative of financial inclusion-focused investment firm Accion, has participated in the USD3 million Series A investment round for Destacame, a Chile-based personal financial management platform. Latin America-focused venture capital firms Fen Ventures and Mountain Nazca also participated. Destacame will use the new funds to… Read More
The Craftory, a permanent capital firm investing in early- and growth-stage consumer brands, has led an investment of USD30 million in NotCo, a Chile-based technology business that develops plant-based alternatives to animal-derived food products. Other participants in the funding round include Jeff Bezos’s family office Bezos Expeditions, Latin America-focused venture… Read More
Singapore-based artificial intelligence company ViSenze has raised USD20 million in a Series C funding round led by Asia-focused venture capital firm Gobi Ventures and Sonae IM, the technology investment arm of Sonae Group. Other participants in the round include existing investors Rakuten Ventures, WI Harper, Singapore Press Holdings Ventures, Raffles… Read More
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