Capria announces $100 million Global South Fund II’s first closing.
Leading Global South specialist Capria Ventures has announced the first closing of its US$100 million fund. Capria Ventures invests in early-stage Global South firms.
In the tech hotspots of the Global South, Capria invests in tech founders with unrestricted 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 concentrate on funding 20–25 IT startups. 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.
The fund will look for founders who are leveraging generative AI’s potential to alter businesses across a variety of industries, as well as introducing a new focus on climate startups. Promising firms 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 the 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.
