Capria Ventures, a firm specializing in investing in early-growth startups from the Global South, has announced the initial closing of its US$100 million fund. The fund will target 20–25 tech startups in the most vibrant entrepreneurial regions of Africa, India, Southeast Asia, Latin America, and the Middle East. Capria Ventures invests in tech founders with boundless aspirations, providing them access to a highly collaborative network and fostering strong relationships between hundreds of founders and local VC firms in various tech hubs across the Global South.
The fund's investors include OIP Investment Trust, Gates Ventures, Crystal Springs Foundation, Sall Family Foundation, Brakeman Family Trust, and two founders of Pioneer Square Labs, among others. The fund will focus on founders who harness the potential of generative AI to transform companies across various sectors and add a new focus on climate startups.
Capria Ventures has already invested in promising startups in Mexico, Brazil, Nigeria, and Egypt for its new fund, including Kueski (fintech), Agrofy (agritech), MAX (mobility), and Paymob (fintech). "At Capria, we are doubling down on 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," said Susana Garcia-Robles, senior partner at Capria Ventures.
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