Key Developments
African Startups to benefit from Capria Ventures’ new $100 million fund
The new fund will focus on investing in 20-25 tech startups in Africa, India, Southeast Asia, Latin America, and the Middle East. The Global South Fund II aims to generate positive social and environmental impact in sectors such as healthcare, education, financial inclusion, and agriculture.
The fund’s investors include a mix of development finance institutions, family offices, and institutional investors from around the world.
Key among the investors in the fund includes Gates Ventures, the investment vehicle of tech mogul, Bill Gates. Other institutional investors include Crystal Springs Foundation, Inc., OIP Investment Trust, Sall Family Foundation, and Brakeman Family Trust, as well as two founders of Pioneer Square Labs. The Global South Fund II builds on the success of Capria’s first fund.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
You may also like...
African Startups Raise More Than $2 Billion in 2026
African startups have raised more than $2 billion in funding in 2026, excluding exits, according to investment tracker Africa: The Big Deal.
Teraco to Invest $106 Million in South Africa’s Largest Private 120MW Solar Plant for Data Centers
Teraco, a leading African provider of carrier-neutral colocation data centers, has announced plans to build a 120-megawatt (MW) utility-scale solar photovoltaic (PV) power plant in South Africa’s Free State province.
IMF Downgrades Africa Economic Growth Outlook as Middle East Conflict Reshapes Global Economy
The International Monetary Fund (IMF) has revised its economic outlook for Africa, warning that the ongoing conflict in the Middle East is undermining growth prospects across the continent and adding fresh pressure on already fragile economies.