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    Capria Ventures raises USD 100 million to fuel tech startups in the Global South

    May 1, 20232 Mins Read
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    Capria Ventures
    Susana Garcia-Robles, senior partner at Capria Ventures, said that the firm seeks to drive transformational change.
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    Capria Ventures aims to support 20-25 early-growth tech startups across Africa, India, Southeast Asia, Latin America, and the Middle East.

    Capria Ventures, a leading specialist venture capital firm focused on the Global South, has announced the successful closing of its new USD 100 million fund. The new fund will be used to support 20-25 early-growth tech startups across Africa, India, Southeast Asia, Latin America, and the Middle East.

    Capria Ventures: AI and climate tech-focused

    Capria Ventures invests in tech founders and connects them to a collaborative network. The firm is dedicated to building strong relationships between hundreds of founders and leading local venture capital firms in the tech hubs of the Global South. The new fund will focus on investing in startups that harness the potential of generative AI to transform multiple sectors, with a particular emphasis on climate startups. African climate tech startups are set to benefit from a shift in financing, and the emergence of several funds focusing on this area.

    Investors in Capria Ventures’ new fund include OIP Investment Trust, Gates Ventures, and several foundations, individuals, and family offices, such as Crystal Springs Foundation, Sall Family Foundation, Brakeman Family Trust, and two founders of Pioneer Square Labs. Capria has already invested in several promising startups in Mexico, Brazil, Nigeria, and Egypt, including Kueski (fintech), Agrofy (agritech), MAX (mobility), and Paymob (fintech).

    Transformational change

    “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.

    Capria Ventures is a leading Global South specialist venture capital firm that invests in startups serving the fastest-growing economies of the world. The firm brings state-of-the-art venture capital innovation and global best practices of sustainable ESG management to select and manage its portfolio of startups. Capria’s family of funds collectively manage assets exceeding USD 200 million, with offices in Seattle, Bangalore, Nairobi, and Washington DC.

    See our coverage on notable deals taking place across Africa in April.

    Capria Ventures investment Startups
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