Actis is set to acquire a majority stake in Mitsui and Equinor-backed Yellow Door Energy while GMO, Yara International and Digital Garage all backed Jai Kisan's $50m series B round.

Fund

Germany-headquartered automotive manufacturer Audi’s innovation lab, Audi Denkwerkstatt, has teamed up with investment firm Techstars to form a pre-accelerator. It will focus on early-stage digitalisation and mobility technology developers based in Europe, the Middle East and Africa, and is accepting applications until November 1 this year for a three-month cohort starting in January 2023.

M&A

Investment firm Actis has agreed to acquire a controlling stake in Yellow Door Energy, a United Arab Emirates-based solar power provider backed by conglomerate Mitsui and energy group Equinor, for an undisclosed amount. The company’s only disclosed funding is a $65m series A round in 2019 that included both corporates.

Funding

Company Company description Sector Country Round Round size($m) Deal date Investors
Jai Kisan Rural resident-oriented credit provider Financial India B 50 29/07/2022 GMO (GMO VenturePartners), Yara International (Yara Growth Ventures), Digital Garage/Daiwa Securities Group (DG Daiwa Ventures); Blume Ventures, Arkam Ventures, Mirae Asset, Snow Leopard Ventures, Northern Arc, Alteria, MAS Financial
Novasenta Cancer therapeutics developer Healthcare US A 40 29/07/2022 UPMC…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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