Southeast Asia-focused venture capital fund manager Openspace Ventures led a USD5m series A for Philippines-based live streaming app Kumu, with participation from Kickstart Ventures, media conglomerate ABS-CBN, Gobi-Core Philippine Fund, and existing investors Summit Media and Foxmont Capital Partners. Read more… Read More
Adjuvant Capital, a health-focused investment firm backed by IFC and the Bill & Melinda Gates Foundation, led a USD15m Series A for Nigeria-based genomics company 54gene, with participation from Raba Capital, V8 Capital, and Ingressive Capital, and follow-on investments from Y Combinator, Better Ventures, Fifty Years,… Read More
Lightspeed Venture Partners has announced the closings of three funds at USD4b in overall capital commitments. Specifically, Lightspeed Venture Partners XIII, Lightspeed Venture Partners Select IV, and Lightspeed Opportunity Fund received USD890m, USD1.83b, and USD1.5b respectively. Lightspeed Opportunity Fund targets ex-US startups. Previously, Lightspeed has… Read More
European lender Triodos Bank, Quona Capital, Japan-based financial services company Credit Saison’s venture arm Saison Capital, and EV Growth, a joint venture between Sinar Mas and East Ventures, have invested USD20m in equity and debt in Indonesia-based fintech KoinWorks. Triodos Bank provided debt, while the… Read More
Existing investors Ribbit Capital, Sequoia Capital India, SAIF Partners, and Amazon have invested an additional USD15m in India-based lending platform Capital Float. Read more… Read More
Tenaya Capital, Sequoia India, Mirae Asset Management, and Intudo Ventures have invested USD31m in Indonesia-based logistics startup Kargo. The startup, co-founded by veteran Uber Asia executive Tiger Fang, plans to establish a USD1m relief fund for truckers and partnerships with charitable organizations that are delivering meals… Read More
LGT’s Lightstone Global Fund led a USD18m Series D for India-based logistics startup Porter. LGT Lightstone holds a 17.63% stake in the company. Read more… Read More
IFC has agreed to invest up to USD20m in SPE AIF I, a fund managed by Africa- and Middle East-focused private equity firm SPE Capital Partners. The fund targets investments in Egypt, Morocco, and Tunisia. Read more… Read More
India-focused growth capital fund manager Gaja Capital has invested USD26.7m in India-based fintech Navi Technologies. The company was co-founded by Flipkart co-founder and former CEO Sachin Bansal. Read more… Read More
Investcorp has reached a USD275m first close for its Asia Food Growth Fund. Read more… Read More
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