In 2012, CEECAT Capital acquired 46.2% of Cevher Group, a Turkey-based automotive parts manufacturer in financial distress. CEECAT equitized the company’s debt, repaid suppliers, resolved tax liabilities and brought in new management. After selling Cevher’s foundry business to Mexico’s Nemak in 2016, CEECAT focused on its wheels business, optimizing… Read More
Innova Capital exited Trimo, a Slovenia-based provider of building envelope solutions for the construction industry, via a sale to Belgium-based industrial group Recticel at an enterprise value of EUR164m (~USD181m). Read more… Read More
Insight Partners led a USD45m Series D for Glia, an AI-based customer service solutions provider based in Estonia, at a reported USD1b+ valuation, with participation from RingCentral and follow-on from Wildcat Capital Management. Read more… Read More
Mubadala Investment Company led a USD768m Series E for Turkey-based grocery delivery startup Getir at a reported USD11.8b valuation, with participation from Abu Dhabi Growth Fund, Alpha Wave Global, Sequoia Capital and Tiger Global. Read more… Read More
Naco, a Latvia-based nano-coating solutions provider for green hydrogen manufacturers, raised ~USD1.7m from The Untitled Ventures, Buildit Accelerator and others. Read more… Read More
QIA led a USD121m Series D for Turkey-based AI company Insider at a reported USD1.2b valuation, with participation from Sequoia Capital, Riverwood Capital, Wamda, Endeavor Catalyst, Esas Holding and 212 Capital Partners. Read more… Read More
Spark Capital led a USD40m Series B for Tenderly, a Serbia-based platform for Ethereum decentralized apps (Daaps), with participation from Accel, Point Nine Capital, Abstract Ventures, Coinbase Ventures, Uniswap and Daedalus. Read more… Read More
Lightspeed led a USD100m Series B+ for Bulgaria-based payments and expense management provider Payhawk at a reported USD1b valuation, with participation from Sprints Capital, Endeavor Catalyst, HubSpot Ventures and Jigsaw VC, and follow-on from Earlybird Digital East and QED Investors. Read more… Read More
3TS Capital Partners-backed Catalyst Romania reached a EUR50m (~USD57m) final close for Catalyst Romania Fund II. The vehicle will invest in early-stage tech firms in Southeastern Europe. Read more… Read More
GPCA Members can log in to download the complete 2022 Industry Data & Analysis Excel file. GPCA data through year-end 2021 across Asia, Latin America, Africa, CEE and the Middle East Key data takeaways: VC and tech investments drove private capital investment activity in GPC markets to the highest… Read More
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