Asian startups raised $1.7B; LatAm startups raised $500M; African startups raised $300M
The biggest venture capital deals we tracked by region during the past week across emerging markets globally.
Hello and welcome to The Draft, Techloy's weekly series that serves you the most important tech news and venture deals across key emerging markets.
Last week, we tracked more than 50 deals worth over $3 billion - the biggest deals happening in Asia as expected - with the top deals by region including India's Uniphore, Brazil's Neon, Nigeria's Flutterwave, and Saudi Arabia's TruKKer.
In summary:
- Asian startups raised over $1.7 billion in funding, with 7 startups alone raising $100 million or more in deals worth over $1.4 billion.
- Latin American startups raised over $500 million, with a new investment fund to invest in fintech, e-commerce, marketplaces, and software.
- African startups raised more than $300 million in venture deals, the largest funding in a single week since the beginning of the year.
Here are the biggest venture capital deals we tracked during the week of February 14 - 19 across emerging markets in Africa, Asia, Latin America, and the Middle East.
