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...
Nomfro Technologies’ 4th Entrepreneurship Empowerment Project to Support 500 African Startups
Aspiring African entrepreneurs now have the chance to join a thriving community and gain valuable skills through the fourth edition of Nomfro Technologies’ Entrepreneurship Empowerment Project (NTEEP).
Acumen Unveils $90 Million KawiSafi Fund II to Scale Climate Innovation Across Africa
Acumen, the global impact investment firm, has introduced its second iteration of the KawiSafi fund, a private-sector investment vehicle dedicated to scaling climate-focused solutions throughout the African continent.
Mastercard Teams Up With Egyptian Fintech Paymob to Boost Digital Payments Across MENA
Paymob, the leading financial services enabler in the Middle East, North Africa and Pakistan (MENA-P), has announced a partnership with Mastercard to accelerate digital payment acceptance across the MENA region.