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.
The United States Agency for International Development (USAID) has launched a $49 million healthcare project in Ethiopia.
The 2025 AfricArena Lagos Fintech, Mobility & Logistics Summit concluded on a high note at the Eko Hotel and Suites, Victoria Island, Lagos, with five startups and one investor recognized for their outstanding contributions to Africa’s tech innovation space.
Kenyan mobility startup BasiGo has received a $1.5 million grant from the United States Agency for International Development (USAID) to support the pilot testing and scale-up of its electric buses in Rwanda.
© 2021 Empower Africa. All rights reserved.