CropIn Technology Solutions, an India-based agribusiness software developer, has raised US$8 million in a Series B round from India-focused venture capital firm Chiratae Ventures and the Bill & Melinda Gates Foundation Strategic Investment Fund. CropIn provides cloud-based farm management and yield prediction products to farmers, agricultural processors and distributors, lenders… Read More
Asia-focused alternative investment manager PAG has reached a final close for its third pan-Asia buyout fund with US$6 billion in capital commitments. Investors in the fund, which reportedly launched in June 2018 with a target of US$4.5 billion, include U.S.-based pension funds and Kuwaiti and Singaporean sovereign wealth funds. Read More
International Finance Corporation (IFC) and venture capital firm TLcom Capital have led an investment of US$10 million in Twiga Foods, a Kenya-based agribusiness technology company. Other participants in the funding round include existing investors Wamda Capital, DOB Equity, 1776 and AHL Venture Partners. The company, which connects smallholder farmers to… Read More
Africa-focused private equity fund manager Emerging Capital Partners (ECP) has reached a final close for ECP Africa Fund IV (AFIV), garnering more than US$640 million in commitments to the fund and related co-investments. The fund’s investors—over half of which are Africa-based, with the remainder based in Europe and North America—include… Read More
Emerging markets-focused venture capital firm Elevar Equity has led an investment of US$5 million in Bankingly, a Uruguay-based digital financial services company. The Rise Fund, TPG’s global impact investing fund, and philanthropic investor Endeavor Catalyst also participated in the funding round. Bankingly—which provides software-as-a-service products to financial institutions that serve… Read More
Central and Eastern Europe-focused private equity firm Jet Investment has raised CZK4 billion (approximately US$176 million) for Jet 2 from more than 160 private investors, family investment companies and financial institutions including banks, insurance companies and international asset managers. The fund will focus on acquiring majority stakes in small and… Read More
Global impact investing firm Capria has reached a first close for Capria Fund, a “network fund” that will make commitments to Capria-affiliated fund managers investing in early-growth businesses in Africa, Asia and Latin America. Vulcan Capital, the investment arm of late Microsoft co-founder Paul Allen, committed US$20 million to the… Read More
Global private equity fund manager Warburg Pincus has invested US$181 million in China-based rental accommodation provider Weave Co-Living with the option to increase its commitment to US$413.5 million. Weave, which targets millennials and young professionals, plans to use the new capital to grow its portfolio in gateway cities across the… Read More
Pakistan-focused venture capital firm Sarmayacar has reached a first close for its debut seed- and early-stage fund with US$30 million in capital commitments. The fund will invest between US$100,000 and US$2 million in technology companies, as well as those employing technology-enabled business models. Read More
Darby Private Equity, the private equity and mezzanine arm of Franklin Templeton Investments, has provided up to US$30 million in long-term debt financing to the Peru-based subsidiary of Abengoa, a Spain-listed infrastructure developer. Darby invested through Darby Latin American Private Debt Fund III. Abengoa Peru plans to use the funding… Read More
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