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Capria announces $100 M Global South Fund II’s first close

Leading Global South specialist Capria Ventures has announced the first close of its US $100 million fund. Capria Ventures invests in early-stage Global South startups.

In the tech hubs 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 tech 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.

In addition to adding a new focus on climate startups, the fund will look for founders who are leveraging the potential of generative AI to transform businesses across a variety of industries. Including promising startups Kueski (fintech), Agrofy (agritech), MAX (mobility), and Paymob (fintech), Capria has already closed investments for its new fund in these countries: Mexico, Brazil, Nigeria, and Egypt.

β€œAt 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,” said Susana Garcia-Robles, senior partner at Capria Ventures.




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