► Blackstone led a USD1.2b debt and equity round for India-based AI acceleration cloud platform Neysa, with participation from TVS Capital, 360 ONE Assets, Nexus Ventures, Teachers’ Venture Growth and others. #Asia
► Accel and Fidelity led a ~USD165m investment in India-based used-car retailer Spinny. #Asia
► Andreessen Horowitz and WCM Investment Management led a USD300m investment in Kavak, a Mexico-based online used car dealer, with participation from Lingotto Innovation, Foxhaven, Galdana Ventures, Stelac and Allen & Company. #LatinAmerica
► Neo Asset Management led a INR4.76b (~USD53m) Series F for India-based identity verification company IDfy, with follow-on from Blume Ventures, Analog Capital, Elev8, IndiaMART and Kae Capital. #Asia
► BlueFive Capital invested USD50m in UAE-based AI company Origen. #MiddleEast
► General Atlantic agreed to acquire an equity stake in Mexico-based bank Banamex. #LatinAmerica
► Emirates NBD led a USD31m Series B for UAE-based real estate investment platform Stake, with participation from Mubadala Investment Company, Property Finder, STV NICE and others. #MiddleEast
► Lux Capital led a USD22m extension round for Nigeria-based defence technology company Terra Industries, with follow-on from 8VC, Nova Global, Silent Ventures and others. #Africa
► Impact46 led a USD16m Series A for Cashin, a Saudi Arabia-based provider of financial and operational solutions for the energy sector. #MiddleEast
► TLcom Capital led a USD12.6m Series A for Egypt-based e-commerce logistics platform Flextock, with participation from Access Bridge Ventures, Foundation Ventures, BY Venture Partners and others. #Africa
► Sanlam Private Equity acquired Medhold, a South Africa-based supplier of medical devices and surgical supplies, from Old Mutual Private Equity. #Africa
► Macquarie Asset Management agreed to acquire the South American wireless tower operations of IHS Towers. #LatinAmerica
► Axon Enterprise and SmartCap led a EUR7.2m (~USD8.6m) seed round for Farsight Vision, a Ukraine- and Estonia-based geospatial intelligence platform. #CEE
► Iron Wolf Capital led a EUR6m (~USD7m) Series A for Lithuania-based cybersecurity compliance platform Copla, with participation from Operator Stack, as well as follow-on from Specialist VC, SuperHero Capital, FirstPick and others. #CEE
FUNDRAISING
► Kotak Alts reached a INR39b (~USD430m) first close for its Kotak Yield & Growth Fund focused on delivering attractive risk-adjusted returns through a blend of stable yield generation assets and selective growth opportunities. The vehicle has a INR50b (~USD549m) target. #Asia
► Motilal Oswal Alternatives reached a INR85b (~USD938m) final close for its fifth fund focused on consumer, financial services, niche manufacturing, healthcare and technology-led businesses across India. The vehicle exceeded its INR65 (~UDD717m) target. #Asia
► A.P. Moller Capital reached a MAD1.64b (~USD178m) final close for its fund focused on investing in transport and logistics sectors across Morocco. #Africa
► HAVAÍC reached a third close for its third African Innovation Fund focused on early-stage, high-growth and post-revenue startups across the region. The vehicle has a USD50m target. #Africa
► JICA committed to Latin America-focused funds AgVentures III, Valor Venture Partners V and Canary IV. #LatinAmerica
EXITS
► Mubadala agreed to exit the food delivery arm of Turkey-based Getir for USD335m via a sale to Uber. #CEE
► Fireside Ventures exited India-based health and beauty supplements retailer Wellbeing Nutrition for INR15.83b (~USD174.7m) via a sale to USV. #Asia
► Advent International agreed to exit Group Prisma, a leading Argentina-based payments company, via a sale to Visa. #LatinAmerica
► AfricInvest exited microfinance institution Entrepreneurs Financial Centre Zambia via a sale to NMBZ Holdings. #Africa
