East Ventures Member Profile; Mediterrania Reaches ~USD683m Final Close for Fund IV

11 June 2025
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Member Profile: East Ventures

Willson Cuaca, Co-Founder and Managing Partner

#MemberProfiles

GPCA recently spoke with Willson Cuaca, Co-Founder and Managing Partner at East Ventures, about the firm's evolution, its core investment thesis for Southeast Asia, navigating market shifts in 2025 and more.

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Webinar: 2025 Trends in Global Tech

17 June 2025 | Virtual

#GPCAEvents

GPCA, in partnership with SVB, will host 2025 Trends in Global Tech, a virtual discussion of GPCA’s report on cross-border tech activity across Africa, India, China, Southeast Asia, Latin America, CEE and the Middle East, on Tuesday, 17 June from 9:30 – 10:30 am EDT.

GPCA's Managing Director of VC & Tech, Carlos Ramos de la Vega, will walk through the latest GPCA and investor insights on strategic global themes, from AI and late-stage capital dynamics, to the rise of digital infrastructure and private credit as key pillars of the tech story. The presentation will be followed by a candid conversation on the state of global venture.

REGISTER

Training: Continuation Vehicle Design – How to Get Deals Funded in 2025

24 June 2025 | Virtual

#GPCAEvents

Join experts from global buy-side advisor Control Risks on Tuesday, 24 June from 9:00 – 10:00 am EDT for up-to-the-minute insights on approaching potential follow-on investment via continuation vehicles in the current complex investment environment. They will discuss how investors are reviewing their portfolios for the strongest candidates for deal-by-deal fundraising, with attention to:

Highlighting existing deals with appealing aspects, such as critical minerals and data center services, dollarized investments and tariff resilience
Developing a step-by-step plan to refresh diligence and prepare portfolio companies for follow-on investment
Finding and assessing potential sources of funding

Roberta Brzezinski

Head of Americas Business Intelligence

Control Risks

Jessica Pyman
Head of Asia Business Intelligence
Control Risks

Courtenay Smith

Head of Middle East & North Africa Business Intelligence
Control Risks

REGISTER

INVESTMENTS

► KKR provided a USD600m credit financing to India-based diversified conglomerate Manipal Group. #Asia

► China-based software developer Kylinsoft raised a CNY3b (~USD417.7m) equity round, with CNY2b (~USD278.4m) from its parent company China National Software & Service Company, as well as participation from China Mobile, Beijing State-owned Capital and CCB Financial. #Asia

► Enterprise Investors acquired a 77% stake in Formeds, a Poland-based manufacturer of dietary supplements. #CEE

► bolttech, a Singapore-based globally scaled embedded insurance platform, raised a USD147m Series C from Sumitomo Corporation, Iberis Capital, Dragon Fund and others. #Asia

► New Forests invested in Tavico Group, a Vietnam-based supplier of solid wood lumber and logs. #Asia

► Advent International-backed Skala, a Brazil-based cosmetics company, agreed to merge with Lola From Rio, a Brazil-based personal care products company. #LatinAmerica

► Singapore-based digital investment platform Syfe raised a USD53m Series C+, led by two UK family offices, with follow-on from Unbound and Valar. #Asia

► Goldman Sachs led a USD30m Series B+ for Simetrik, a Colombia-based accounting services platform. #LatinAmerica

FUNDRAISING

► Mediterrania Capital Partners reached a EUR600m (~USD683m) final close for its fourth fund focused on investing in SMEs and mid-cap businesses across North and West Africa. #Africa

► China-based oil and gas enterprise Sinopec established a CNY5b (~USD690m) VC fund focused on hydrogen energy. #Asia

► Patria Investments raised BRL100m (~USD18m) for its first reforestation fund focused on projects in Brazil and Latin America. #LatinAmerica

► Rise Guyana reached a final close of USD29m for the first institutional real estate and infrastructure fund in Guyana. #LatinAmerica

EXITS

► Navis Capital Partners agreed to exit Thailand-based smart card manufacturer dzcard Group via a sale to Toppan Security. #Asia

► Carlyle exited its 2.6% stake in India-based private sector lender Yes Bank for INR17.75b (~USD206m) via an open market transaction. #Asia