Southeast Asia- and South Korea-focused early-stage venture capital firm Access Ventures has reached a final close for its first fund with US$15 million in capital commitments. Investors in the fund include high-net worth individuals, family offices and corporations from North Asia, Southeast Asia and the United States. Launched in September… Read More
Egypt-based online real estate marketplace Aqarmap.com has raised a Series A funding round from MENA-focused venture capital firms Wamda Capital, KISP Ventures and Raed Ventures, as well as several family offices with interests in the real estate sector. The company plans to use the new funds to strengthen its presence… Read More
European technology-focused growth capital investor 3TS Capital Partners has led a Series B investment of EUR11.5 million (approximately US$13 million) in Hungary- and Switzerland-based cloud encryption software developer Tresorit. Central and Eastern Europe-focused venture capital firm PortfoLion and several existing investors, including high-net worth individuals, also participated in the round. Read More
Private equity and venture capital fund managers Lightspeed Venture Partners and DST Global have invested US$225 million in India-based business-to-business e-commerce portal Udaan, valuing the company at US$1 billion. Udaan allows retailers and small- and medium-sized wholesalers and traders to purchase and sell goods on its platform and underwrites loans… Read More
United Arab Emirates-based automated investment advisory platform Sarwa has raised US$1.3 million in a pre-Series A round from venture capital firms Shorooq Investments, Middle East Venture Partners (MEVP), 500 Startups, Women’s Angel Investor Network, Hala Ventures and Saned Partners. Sarwa launched its services in February 2018 under the Innovation Testing… Read More
China-based automotive marketplace SouChe has raised US$578 million in a funding round led by China-focused private equity and venture capital fund managers Primavera Capital Group and Morningside Venture Capital. Existing investors including e-commerce and technology conglomerate Alibaba Group Holding, investment firm Dreamfly Capital and private equity fund manager ClearVue Partners… Read More
Central and Eastern Europe-focused private equity fund manager Resource Partners has acquired an additional interest in Poland-based animal feed producer Golpasz from minority shareholders, increasing its stake from 67 percent to 85 percent. In partnership with Resource Partners, Golpasz plans to modernize and expand two of its existing production facilities. Read More
Myanmar-focused private equity fund manager Anthem Asia has reached a first close for Myanmar SME Venture Fund with US$34.5 million in capital commitments. Investors in the fund include development finance institutions International Finance Corporation, the Dutch Good Growth Fund and CDC Group. The fund, which is targeting US$50 million in… Read More
Private investment firm DST Global has led a US$200-million financing round for Colombia-based on-demand delivery startup Rappi, valuing the company at more than US$1 billion. Existing investors Sequoia Capital and Andreessen Horowitz also participated in the round. Rappi delivers beverages, meals, groceries, technology products and medicine. The company also has… Read More
China-focused private equity fund manager Bull Capital Partners has led a US$30 million Series C round for Baibu, a China-based business-to-business (B2B) trading platform for textile and fabrics. Existing investors Source Code Capital, Yunqi Partners and Chengwei Capital also participated in the round. Read More
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