Shell-backed Orb Energy starts Series D fundraising, aims $48 mn
British oil major Shell-backed Orb Energy, which is an integrated solar energy solutions provider, has initiated the process for its Series D round of funding, a top executive told VCCircle. The Bengaluru-based company, which provides end-to-end solar power solutions, including manufacturing, designing, installing, servicing and financing of solar panels for its ......
Bluepeak strikes largest bet from inaugural fund
Bluepeak Private Capital, an alternative asset management firm that backs mid-market companies in Africa, has invested in an agro-commodities processor and exporter, marking the eighth commitment from its inaugural fund. The Tunisia-based investor with a presence also in Nairobi and London, has committed a $25 million investment in Robust, a pan-African ......
South African PE firm Metier set to strike fourth deal from new fund
Metier, a South African private equity firm that backs mid-market companies in Sub-Saharan Africa, is set to acquire a maize milling business from its latest fund that recently closed with an oversubscription. The Johannesburg-based investment firm, which raised $219 million for the generalist Metier Capital Growth Fund III (MCG Fund ......
SPE Capital allies with three others to acquire Egyptian PSU microfinance firm
SPE Capital, an Africa and Middle East-focused private equity firm that backs mid-sized companies, is set to fully acquire Egypt’s state-owned microfinance company, in a partnership with three co-investors, including an Egyptian PE firm and two development finance institutions. SPE Capital will deploy from its latest investment vehicle for the ......
Omnivore onboards offshore LP for third venture capital fund
Omnivore, an agritech-focused venture capital firm, has roped in an offshore limited partner for its third investment fund that has a target corpus of $175-180 million. The VC firm, which made the first close of the Omnivore Agritech & Climate Sustainability Fund last year at $150 million (about Rs 1,230 crore), has onboarded French firm ......
African PE Mediterrania eyes final close of Fund IV with oversubscription
Mediterrania Capital Partners, a Malta-based private equity firm that manages assets worth $800 million, is aiming to conclude fundraising of its fourth investment vehicle by the end of the current year with an oversubscription, having already raised over three-fourths of the target, according to a top company executive. The Valletta-headquartered PE ......
Elevation-backed Aye Finance aims to more than double AUM, triple profit by FY27
Aye Finance, a non-banking finance company which lends to micro, small and medium sector enterprises (MSME) in India, aims to more than double its assets under management (AUM) and triple its profit by the financial year 2026-27, the company’s chief executive told VCCircle. Sanjay Sharma, who is also Aye Finance’s ......
Moglix backer Jungle Ventures taps returning LP for fifth fund
Southeast Asia- and India-focused venture capital firm Jungle Ventures is set to secure a commitment from a returning limited partner for its fifth fund, VCCircle has gathered. The Singapore-based VC firm, which counts business-to-business marketplace Moglix and ice-cream maker NIC in its India portfolio, is in talks with International Finance Corporation ......
FMO-backed NeoGrowth speeds up revenue, profit growth after turning the corner
Fintech lender NeoGrowth, which came out of the red in the year through March to mark a turnaround from the damage caused by the Covid-19 pandemic, has accelerated its revenue and profit growth this financial year and aims to triple its earnings, its chief executive told VCCircle. The lender's revenue from operations grew 47% to almost Rs 269 crore ......
AIIM closes pan-Africa Infra Fund IV with oversubscription
African Infrastructure Investment Managers (AIIM), an infrastructure-focused private equity firm, has marked the final close of its fourth pan-African investment vehicle, surpassing the fund target by 50% as it attracted commitments from new and returning investors globally. AIIM, the most active infra-asset manager in Africa, closed its African Infrastructure Investment Fund ......
Recommended for you
Google News
Follow VCCircle on Google News for the latest updates on Business and Startup News