Hong Kong-based online clothing retailer Grana has secured an additional US$3.5 million in seed funding led by Southeast Asia-focused early-stage venture capital firm Golden Gate Ventures. Venture capital firm Mindworks Ventures and Hong Kong-based luxury retailer Bluebell Group also participated in the round. Grana will use the capital to develop… Read More
Nexif Energy, a Southeast Asian independent power producer formed with the backing of energy-focused private equity firm Denham Capital, has taken a controlling interest in Vietnam-based hydro power project Coc San through the acquisition of a majority stake in Vietnam-based power producer Viet Hydro. Coc San, a run-of-the-river 30 MW… Read More
Unitus Impact, an investment arm of Unitus Group, has reached a final close for its Livelihood Impact Fund with US$45 million in capital commitments. Investors included Australia-based pension fund Christian Super, development finance institution Overseas Private Investment Corporation and two philanthropic organizations: the eBay Foundation and the Rockefeller Foundation. Livelihood… Read More
Aspada Investment Advisors, an investment firm focused on small- and medium-sized enterprises in India, has led a US$5 million Series A financing round for India-based recruitment service provider Aasaanjobs. Venture capital firms IDG Ventures India and Inventus Capital Partners also participated in the round. Aasaanjobs will use the new capital… Read More
Pan-African private equity firm AfricInvest and private equity firm Siparex have reached a first close for the Fonds de Co-Localisation Franco-Tunisien (FCFT) with EUR20 million (approximately US$22.4 million) in capital commitments. The fund was promoted and equally subscribed by France-based investment bank Bpifrance and the Tunisian branch of the French… Read More
Global technology venture capital firm Rockaway Capital has led a US$2 million financing round for Albania- and Kosovo-based search, e-commerce and online advertising platform Gjirafa. The company, which caters to the Albanian language community, will use the new capital to digitize and index information in Albania and Kosovo and build… Read More
Africa-focused asset management firm Investec Asset Management has reached a final close for Investec Africa Private Equity Fund 2 (IAPEF 2) with US$295 million in capital commitments. Investors in the fund included pension funds, endowments, funds of funds and development finance institutions. IAPEF 2 focuses on consumer sector businesses in… Read More
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, and private equity fund manager PCM Capital Partners (PCP) have completed a follow-on investment through a capital increase and convertible bonds in Côte d’Ivoire-based oil and gas distributor Pétro Ivoire. The Kadio-Morokro family, the family… Read More
Estonia-based early-stage venture capital firm Karma Ventures has reached a first close for its debut fund with EUR40 million (approximately US$45 million) in capital commitments. The fund will focus on early-stage companies in Europe. Investors in the fund included Estonia-based investment company Ambient Sound Investments and the Baltic Innovation Fund,… Read More
Technology-focused venture capital firm Amadeus Capital Partners has led a US$40 million financing round for South Africa-based online travel agency Travelstart. South Africa-based mobile telecommunications company MTN Group also participated in the round. Travelstart will use the new capital to expand into key markets and to grow its team and… Read More
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