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...
MTN and Lynk Global Make Africa’s First Satellite Phone Call Using a Regular Smartphone
MTN South Africa, together with American satellite company Lynk Global, has successfully carried out Africa’s first satellite phone call using a regular smartphone.
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.
Terra Industries to Establish Africa’s Largest Drone Factory in Ghana
Nigerian defence technology company Terra Industries has unveiled plans to build what will be Africa’s largest drone manufacturing facility, marking a major expansion of its operations beyond Nigeria.