This week on The Draft, we tracked more than 75 tech and startup funding deals across emerging markets in Africa, Asia, Latin America, and the Middle East, worth over $1.8 billion.
Asia-based companies raised over $1.3 billion in disclosed VC funding this week; companies in the Middle East raised over $234 million; companies in Africa raised over $174 million; and companies in Latin America raised over $31 million.
Companies that raised more than $100 million this week included South Korean agritech startup Greenlabs, Turkish mobile game developer Dream Games, Chinese artificial intelligence startup Axera, and Bahrain-based cryptocurrency exchange Rain Financial.
Also, we bring you an update about DPO Group, a payments services provider for African businesses, which announced its acquisition by Dubai-headquartered payments giant, Network International back in 2020 for $288 million.
Now, here are this week's most important technology news and venture capital deals across emerging markets globally from the Techloy news team, all in one place.