Capria Ventures, a leading specialty firm that invests in early-growth startups located in the Global South, has announced the first closing of its US$100 million fund.
Along with a large number of family offices, foundations, and individuals, investors include OIP Investment Trust, Gates Ventures, Crystal Springs Foundation, Sall Family Foundation, Brakeman Family Trust, and the two Pioneer Square Labs founders.
In the tech hubs of the Global South, Capria invests in tech founders with unlimited aspirations, brings them together into a distinctively collaborative network, and strengthens ties between hundreds of founders and top regional VC firms.
In the entrepreneurial hotspots of Africa, India, Southeast Asia, Latin America, and the Middle East, its new fund will focus on funding 20–25 tech startups.
Promising startups in Mexico, Brazil, Nigeria, and Egypt have already received investments from Capria’s new fund, including Kueski (fintech), Agrofy (agritech), MAX (mobility), and Paymob (fintech).
“At Capria, we are doubling down our investments in tech startups that are driving transformational change in Africa. With a young and dynamic population, growing economies, and a surge in innovation, Africa is set to take center stage in global entrepreneurship. By fostering growth and innovation, we aim to not only empower these businesses but also pave the way for sustained economic development across the continent,” according to Susana Garcia-Robles, senior partner at Capria Ventures.
In addition to introducing a new focus on climate startups, the fund will look for founders who are leveraging the promise of generative AI to improve businesses across a variety of industries.
Read more on Tech Gist Africa:
Camel Ventures, an Egyptian firm, has launched a fintech fund with $16 million.