CDPQ led a USD105m Series D for CleverTap, an India-founded and US-based customer engagement platform, with participation from IIFL AMC’s Tech Fund and follow-on from Tiger Global and Sequoia India. CDPQ committed USD75m. Read more… Read More
Florida State Board of Administration agreed to invest USD150m in I Squared Capital’s ISQ Growth Markets Infrastructure Fund. The fund which has raised USD1.7b targets deals in Asia and Latin America and deploys capital on its own for deals less than USD100m. Read more… Read More
Stepstone Group reached a USD2.36b close for its Capital Partners Fund V. The vehicle will invest in buyout, growth equity, and recapitalization transactions across a diverse set of managers, geographies, industries, vintage years and sizes. Read more… Read More
Omnivore Partners exited India-based agritech Eruvaka to Nutreco for a reported USD40-50m.Omnivore first invested in Eruvaka in its Series A in 2013, following on in its Series B in 2018. Nutreco has increased its stake in Eruvaka to 93.7% and plans to take full ownership in 2023. Read more… Read More
Seedstars reached a USD20m first close for its second emerging markets seed fund with commitments from IFC, Visa, Rockefeller Foundation, Symbiotics and others. Read more… Read More
China-based BAI Capital reached a USD700m final close of its inaugural venture fund. Formerly known as Bertelsmann Asia Investments, the firm will back Chinese companies that are part of the country’s structural reform, in areas including renewable energy, autonomous driving, and software-driven industrial upgrade solutions, as well as Chinese companies… Read More
Tiger Global led a USD15m Series A for treble.ai, a Colombia-based CRM for SMEs running on WhatsApp, with participation from Twilio Ventures, FundersClub and angel Gokul Rajaram (Coinbase). Magma Partners invested in 2020; MAYA Capital and YC invested in 2019. Read more… Read More
B Capital Group reached a USD250m final close for Ascent Fund II, its first early-stage venture fund. The vehicle will invest in pre-seed through Series A rounds globally with an emphasis on U.S. and Asia. Read more… Read More
KKR reached a USD2.1b final close of its Asset-Based Finance Partners fund. The fund will target global private credit investments backed by large and diversified pools of financial and hard assets. Read more… Read More
Valar Ventures reached a USD665m final close for its eighth venture fund. While the fund is US and Europe-focused, recent investments include ShopUp(Bangladesh), XanPool (Singapore), and Velocity and Simpl (India). Valar Ventures is backed by Peter Thiel (PayPal). Read more… Read More
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