Gaja Capital led a USD32m Series B for Indian marketing automation and customer-relationship platform LeadSquared with participation from existing investors GSK Velu-led Stakeboat Capital and AppDynamics founder Jyoti Bansal. Read more… Read More
Multiple Ventures invested an undisclosed seed round in Indian HRtech Nova Benefits. Read more… Read More
Inspired Evolution, through its Evolution II fund, and co-investors Norfund and Sagemcom have invested USD35m to establish ESCOTEL, a sub-Saharan Africa-focused clean energy services company. Read more… Read More
Swedfund has committed an additional USD10m to the African Development Partners III (ADP III) fund, a pan-African, consumer-focused fund managed by Development Partners International (DPI). Swedfund originally invested USD15m in 2019. Read more… Read More
Chinese VC Befor Capital has reached a USD76.3m first close for Fund III and a USD30.5m first close for Fund IV. Befor invests in the consumption upgrade, advanced technology, and modern services fields in China. Read more… Read More
Sanlam Investments has reached a second close for its SME Debt Fund, adding ZAR100m (approximately USD6.6m) to the ZAR250m (approximately USD16.6m) raised in September 2020. The SME Debt Fund has committed ZAR110m (approximately USD7.3m) in debt relief to three South Africa-based businesses: non-banking financial institutions Mettle Administrative Services… Read More
TLcom Capital led a USD3.75m Series A for Kenya-based healthtech Ilara Health, with participation from DOB Equity, Global Ventures, and Chandaria Capital. Read more… Read More
Quona Capital led a USD21m Series B for Arya, an India-based agtech focused on post-harvest services for farmers, with participation from Omnivore and LGT Lightstone Aspada. Read more… Read More
Ethos Private Equity has secured an advisory contract to manage Ninety One’s Africa Private Equity Fund I and Fund II, effective on December 15, 2020. Ninety One will maintain control and oversight of the portfolio, while Ethos will oversee the day-to-day management of the assets. The two Ninety… Read More
Enterprise Investors invested EUR25m (approximately USD30.5m) for 50.2% stake in Polish Software Company Software Mind. Read more… Read More
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