Sapphire Ventures Leads USD200m for Ukraine’s Creatio; GPCA Investors Meeting in London Registration Now Open

3 July 2024
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GPCA Investors Meeting

19 November 2024 | Hotel Café Royal, London

Registration is now open for the GPCA Investors Meeting on 19 November at Hotel Café Royal in London. Capped at 120 attendees, this one-day private meeting convenes a highly curated group of GPCA Member investors and global LPs for small-group discussions and one-on-one meetings to promote candid, peer-to-peer conversations between prominent private capital participants.

Discussions will include:

Creative Approaches to Generating DPI, including secondaries and other paths for liquidity/exits.
Broadening the Capital Base: The Role of Retail/HNWI Investors, looking at diverse products and strategies for distribution including listed products, private banking platforms, etc.
Spotlight on Climate: What is the Transition Fund of the Future?
The Implications of the Outcome of the US Elections for Global Markets and Beyond

The program will conclude with a brief ceremony to recognize the winners of the GPCA Deal Awards and an early evening reception.

A GPCA Members Reception, co-hosted by Debevoise & Plimpton, will be held the evening prior, on 18 November, for GPCA Members, global institutional investors and other invited guests.

For questions, please contact Megan Smith at msmith@gpcapital.org.

REGISTER NOW

Crescera Capital | Tembici

GPCA Deal Book: Inclusive & Sustainable Growth

#DealCases

In December 2021, Crescera Capital invested in Tembici, a Brazil-based operator of a dock-based bike-sharing system, with operations in the capital cities of Colombia, Argentina and Chile.

With Crescera's support, the number of rides taken on Tembici’s bikes has increased by 45%, while the number of users has grown 12% year-over-year. Through a partnership with a delivery platform called iFood, delivery workers can access discounted e-bikes and enjoy convenient areas equipped with bathrooms, charging stations and a resting lounge. In 2022, Tembici’s customers took 57.7 million rides, reducing greenhouse gas emissions by an estimated 10,000 tons of CO2. These metrics are accessible to customers through the company's app, encouraging more people to choose bikes over fossil-fuel vehicles.

READ FULL DEAL CASE

DOWNLOAD DEAL BOOK

INVESTMENTS

► Sapphire Ventures led a USD200m investment in Creatio, a Ukraine-based CRM and workflow platform, at a reported USD1.2b valuation, with participation from StepStone Group, as well as follow-on from Horizon Capital and Volition Capital. #CEE

► India-based grocery delivery platform Zepto raised USD665m at a reported USD3.6b valuation, with participation from Lightspeed, Avenir Growth Capital, Avra, as well as follow-on from StepStone Group, Glade Brook, Nexus and others.

#Asia

► MUFG Bank led a USD195m investment in Ascend Money, a Thailand-based e-payment and microlending provider, with participation from Krungsri Finnovate. #Asia

► EBRD led a USD170m investment in Rohlik Group, a Czech Republic-based grocery delivery platform, with participation from the European Investment Bank (EIB), as well as follow-on from Sofina, Index Ventures, Quadrille and TCF Capital. #CEE

► Oriza Holding led a CNY1b (~USD137.7m) Series C1 for China-based satellite manufacturer MinoSpace Technology, with participation from Liangxi Technology and Innovation Industry Fund of Funds, as well as follow-on from Qingdao Huizhu Anfulan. #Asia

► CICC Capital led a USD100m Series C for METiS Pharmaceutical, a China-based AI-driven drug discovery company, with participation from China Taiping Insurance Group.

#Asia

► China-based embodied AI platform GalaxyBot raised a CNY700m (~USD96.4m) angel round, with participation from Qiming Venture Partners, Lanchi Ventures, Matrix Partners China, Source Code Capital and others. #Asia

► India-based housing loan provider Ummeed Housing Finance raised a INR6.3b (~USD76m) Series F, with participation from A91 Partners, Mirae Asset Venture Investments and Anicut Capital, as well as follow-on from Norwest Venture Partners.

#Asia

► TVM Capital Healthcare invested USD35m in Boston Oncology Arabia, a Saudi Arabia-based bio-generic drugs manufacturer. #MiddleEast

► Singapore-based oat milk brand Oatside raised a SGD47.9m (~USD35.3m) Series B from Granite Asia and TR Capital. #Asia

► Alta Growth Capital invested in Mexico-based textile manufacturer Corcimex. #LatinAmerica

► Egypt-based banking-as-a-service platform Connect Money raised a USD8m seed round led by DisrupTech Ventures, Algebra Ventures and Lorax Capital, with participation from One Stop Capital and MDP. #Africa

► Brazil-based digital bank Nubank fully acquired Hyperplane, a data intelligence company from Silicon Valley. #LatinAmerica

FUNDRAISING

► Yellowstone Capital Partners reached a USD500m final close for its fourth opportunity fund focused on large-scale residential projects in Colombia. #LatinAmerica

EXITS

► Phatisa and Finnfund fully exited Planting Naturals, a Sierra Leone-based organic palm oil producer, via a sale to PaLenDu, an affiliate of Dutch Dekker Group. #Africa