Industry News
INVESTMENTS
► General Atlantic increased its stake to 9% in India-based mobile payments app PhonePe through a ~USD600m secondary transaction. #Asia
► Ant International invested in R2, a Mexico-based embedded lending platform for consumer-facing applications. #LatinAmerica
► Ecosystem Integrity Fund led a USD45m Series B for Vammo, a Brazil-based battery swapping startup for electric bikes, with participation from Qualcomm Ventures, Endeavor Catalyst, monashees and others. #LatinAmerica
► XP invested in ACT Investimentos, a Brazil-based investment firm. #LatinAmerica
► Brookfield acquired Pampa Transmissão de Energia, a Brazil-based transmission company. #LatinAmerica
► Auster Capital invested BRL80m (~USD15m) in Best Açaí, a Brazil-based self-service açaí franchise. #LatinAmerica
► AfricInvest invested in The British University, an Egypt-based private institution. #Africa
► HSG and Boyu Capital acquired shares in Saudi Arabia-based financial services platform Tabby. #MiddleEast
► Uniphore, an India-based conversational AI and automation platform for businesses, raised a USD260m Series F, with participation from NVIDIA, AMD, Snowflake and others. #Asia
► Chaos Investment and CITIC Goldstone Investment led a CNY1b+ (~USD140m+) Series B2 for JBD, a China-based developer of microLED displays for smart glasses, with participation from Lightspeed China Partners, Silver Cypress Capital and others. #Asia
► Mediterrania Capital Partners led a EUR100m (~USD115.9m) co-investment in Coris Holding, a Burkina Faso-based banking group operating across the West African Economic and Monetary Union (WAEMU). #Africa
► Philippines-based renewable energy developer Citicore Solar Energy Corporation secured a USD55m loan from Pentagreen Capital. #Asia
► Singapore-based commercial bank Pave Bank raised USD39m from Accel, Quona, Tether Investments, Helios Digital Ventures and others. #Asia
► The IFC led a USD30m Series B for ISA Saúde, a Brazil-based at-home medical service, with participation from IDB Lab, Dalus Capital, Endeavor Catalyst and others. #LatinAmerica
► Stride Ventures invested USD30m in BRKZ, a Saudi Arabia-based building materials retailer. #MiddleEast
FUNDRAISING
► Blume Ventures reached a USD175m first close for its fifth fund focused on investing in early-stage Indian and cross-border ventures. #Asia
► DEG invested USD25m in Helios Investment Partners’ fifth fund, focused on providing growth capital to mid-sized companies across Africa. #Africa
► DEG committed EUR20m (~USD23m) to January Capital’s JC Growth Credit Fund 1 LP, focused on venture debt to growth-stage technology companies in Southeast Asia. #Asia
► IFC invested USD10m in EcoEnterprises Partners’ fourth fund, focused on nature-based climate solutions in Latin America and the Caribbean. #LatinAmerica
► eB Capital launched Flying Rivers Capital, a spin-off from the firm's climate vertical focused on companies committed to transitioning to a low-carbon economy. #LatinAmerica