Industry News
INVESTMENTS
► Affirma Capital led a CNY1b (~USD140m) Series C+ for Neolix, a China-based delivery vehicle manufacturer. #Asia
► Singapore-based logistics provider Ninja Van raised USD80m led by Monk's Hill Ventures and B Capital Group. #Asia
► Vertex Ventures and 360 ONE led a USD60m Series D for India-based ayurvedic nutrition brand Kapiva, with participation from 3one4 Capital. #Asia
► Granite Asia led a USD52m Series B for Neptune Robotics, a Singapore-based developer of underwater robots for ship cleaning, with participation from NYK Line. #Asia
► F-Prime led a USD30m Series B for Kanastra, a Brazil-based capital markets infrastructure platform, with participation from IFC, as well as follow-on from KASZEK, Valor Capital Group, Quona Capital and others. #LatinAmerica
► Pembani Remgro Infrastructure Managers led a USD20m Series C for Mawingu, a Kenya-based internet service provider. #Africa
► Prosus Ventures led a BRL85m (~USD16m) Series A for Lastro, a Brazil-based AI agent for the real estate industry, with participation from Endeavor Scale-Up Ventures, FJ Labs and others. #LatinAmerica
FUNDRAISING
► Siguler Guff reached a USD439m final close for its third fund focused on loans secured by legal claims against Brazilian government entities. #LatinAmerica
► Sriwijaya Capital launched its debut fund with USD200m in commitments, focused on growth-stage companies in healthcare, energy transition, consumer goods and services, business services and industrials across Indonesia. #Asia
EXITS
► Old Mutual Private Equity fully exited Medhold, a South Africa-based supplier of medical devices, via a sale to Sanlam Private Equity. #Africa
► Lightspeed Venture Partners, Alpha Wave Global, Microsoft and Mirae Asset fully exited Nextbillion.ai, a Singapore-based spatial data and AI platform, via a sale to Velocitor Solutions. #Asia
► African Capital Alliance exited its 15.9% stake in Aradel, a Nigeria-based integrated energy company. #Africa