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...
BasiGo Opens Kenya’s First Electric Bus Assembly Line
BasiGo, a Kenyan electric mobility frontrunner, has inaugurated the country’s first dedicated assembly line for modern electric buses at the Kenya Vehicle Manufacturers (KVM) plant in Thika.
AfDB Approves $2.8 Million Grant to Boost Private Sector Competitiveness in West Africa’s WAEMU Bloc
The African Development Fund (ADF), the concessional financing arm of the African Development Bank Group, has approved a grant of 1.7 billion CFA francs (about $2.8 million) to support private sector growth in West Africa’s monetary union.
Launch Africa Ventures Takes Advisory Role in £50 Million Botswana Tech Fund to Drive Southern Africa’s Tech Growth
Launch Africa Ventures has been named investment advisor for the first phase of the Botswana Tech Fund, a new venture vehicle that plans to support technology and tech-enabled businesses across Southern Africa.