In this issue of the weekly deals digest, the top ten deals were distributed evenly between Startups in the consumer, environment, and enterprise applications. South Africa’s MotoFibre Networx led the continent with a $97.6 million Series B funding from African Infrastructure Investment Managers.
India continued to dominate the emerging markets with a $30 million investment in Turtlemint. This, however, is a pale comparison compared to Reliance Retail’s $1.3 billion investment from Public Investment Fund, the top deal in emerging markets covered in the last digest. Singapore’s Real Estate Tech firm Equis led global investments with a $1.3 billion investment from Abu Dhabi Investment Authority and Ontario Teachers’ Pension Plan.
Top Venture Deals in Africa
African Infrastructure Investment Managers (AIIM) $97.6 million (ZAR 1.5 bn) investment into MetroFibre Networx tops the deals in the continent for this week’s deals digest. The investment is part of the open-access fibre-optic connectivity service provider’s $195.4 million capital expansion plan, to cement its position.
FinChatBot, a South African chat-based customer servicing platform for financial services, raised $1.6 million seed capital from Saviu Ventures, Kalon Venture Partners, and Compass Venture Capital. The startup which serves more than 20 top financial services in South Africa will use the funding to grow its team, and open offices in West Africa, France, the UK, and Portugal.
Enygma Ventures invested $597K into Black Mamba Foods, a brand of Chili Sauce. The Eswatini startup will use the funds to upscale and grow the company.
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Top Venture Deals in Emerging Markets
Indian startup Turtlemint raised $30 million in a Series D funding led by GV Capital, American Family Ventures, MassMutual Ventures and 6 other investors. The online insurance comparison platform for individuals will use the funds to reach more users in India, a market estimated to be worth over $3 billion.
Indian Dry Waste Management Service Provider Let’s Recycle raised $18 million from Aavishkaar Capital and Circulate Capital in a Series C funding. The company which collects dry waste in the country will use the funds to scale its operations and scale the company.
Finally, Brazil’s Cuidas, a HealthTech offering onsite employee wellness solutions raised $3.1 million in a Series A funding led by Península Participações and Kaszek Ventures. The funds will allow the company to grow its sales teams, finance digital campaigns, and hire more software engineers.
Top Venture Deals Globally
Singapore’s Equis Development Pte Ltd raised $1.3 billion from the Abu Dhabi Investment Authority and the Ontario Teachers’ Pension Plan. The developer and operator of renewable energy infrastructure assets will focus its funding to secure more development stage projects.
China’s DataRobot an automated machine learning platform for science applications raised $270 million from Altimeter Capital, BlackRock, T. Rowe Price, and 7 other investors. This funding round likely to be the last before its IPO will use the funding, which pushed the startup’s valuation to $2.7 billion, to scale its international operations, build company operations, and research.
American open-source developer raised $270 million in a Series D funding led by GGV Capital, Access Technology Ventures, Jeneration, and 8 other investors. The company will use the funding to add more platforms and expand its MySQL-compatible distributed database TiDB globally.
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