In this edition of the weekly deals digest, Kenya’s Capsule stood out among African investments with a $5.88 million Series A Funding. Brazil led emerging markets with a $105 million Series D Investment in Software Developer Neologica. India dominated the number of deals in emerging markets. Following DXY’s $500 million investment, among other high profile deals, China dominated the global investment scene. At the same time, Australia made its debut in the deals digest series, following the $211.3 million Judo Bank investment.
Top Venture Deals in Africa and Emerging Markets
Capsule, a startup behind an Uber-style ambulance platform, raised $5.88 million in a Series A funding round. Their product, Flare, allows patients and hospitals to view and request available ambulances via smartphones.
Neologica, a provider of information and application development services, raised $105 million from Crescera Capital and Vulcan in a recent Series D funding round. The 18-year-old company will give the investors a minority stake in exchange for the investment, which Neologica intends to use for international expansion.
India’s boAt Lifestyle received a $59.7 million investment from South Lake investment. In return, South Lake Investment will gain a 21.05% equity stake in the company. The maker of wearables and audio products and the fifth-biggest wearable brand will now have a $285.4 million post-money valuation.
RapiPay, an agent-based payment solutions provider, raised equity of $9 million from Dabur India, Sheela Group, and Naresh Trehan, among other investors, in a recent Series A funding. The business plans to use the funding to open more branches in the country.
Top 3 Venture Deals Globally
China’s DXY, an online community for healthcare professionals and facilities, led the global front in this week’s deals digest following a $500 million backed by Tencent, Hillhouse Capital Group, Trustbridge Partners, among other investors. The Series E funding round brings the healthcare portal’s total funding to $680 million. DXY plans to spend the funds to fund research and Development in consumer applications.
Oceanpine Capital recently set up a $400 million debut fund. The growth equity focuses private investment firm will use the funds to invest in innovative companies, mostly in the DeepTech space. OceanPine has already deployed about $200 million to startups like Enflame, Apexigen, XforcePlus, and Black Sesame, among other startups.
Octopus Energy, a UK investor in Solar energy plants, closes this issue of the digest with a $200 million investment in partnership with Tokyo Gas and Origin Energy. The joint venture deal will allow Octopus Energy to supply electricity in Japan, riding on Tokyo gas to establish its brand in Japan. Tokyo Gas will own 1 9.7% stake in Octopus Energy.
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