Grace Ashiru
Capria Ventures, a venture capital company focusing on early-growth startups in the Global South, has announced the first close of its $100 million Fund II.
The fund intends to invest in 20-25 technology businesses in Africa, India, Southeast Asia, Latin America, and the Middle East. OIP Investment Trust, Gates Ventures, and Crystal Springs Foundation are among the fund’s investors.
The fund will focus on startups that use the potential of Generative AI and those in the Climate sector. This will add to Capria’s current portfolio of logistics and mobility, fintech, jobtech/HRtech startups and agtech/food-tech,
Capria’s strategy for making investments is to work with local managers in the areas where it invests and set up mentoring, teamwork, and training. Capria has already invested in potential startups in Mexico, Brazil, Nigeria, and Egypt, such as Kueski (fintech), Seamless HR (HRtech), Agrofy (agritech), MAX (mobility), and Paymob (fintech).
The company has invested in key tech hubs in the Global South for 11 years. It is now using its knowledge and connections to find and help a new generation of startups.
The firm’s investment strategy has resulted in establishing strong and sustainable companies in the Global South. Capria Ventures seeks to empower these firms and pave the road for long-term economic development on the African continent.
