Dave Richards, Co-Founder and Managing Partner of Capria Ventures
Capria Ventures, a ‘global south’ specialist VC firm, has announced the first close of its US$100 million Fund II.
The VC firms’s previous institutional investors, including OIP Investment Trust and Gates Ventures, besides individuals and family offices, including Crystal Springs Foundation, Sall Family Foundation, Brakeman Family Trust, and two founders of Pioneer Square Labs, invested.
Also Read: Capria Ventures injects money into AC Ventures, to co-invest in its portfolio companies
Fund II will make early-growth (Series A and A+) investments in sectors, including fintech, mobility/logistics, agtech/foodtech, climate, and jobtech/HRtech, with an emphasis on Generative AI and climate tech.
The fund will invest in 20-25 tech startups in India, Southeast Asia, Latin America, the Middle East, and Africa.
Capria Ventures has already closed investments from the fund across Mexico, Brazil, Nigeria, and Egypt. Its portfolio companies include Kueski (fintech), Agrofy (agritech), MAX (mobility), and Paymob (fintech).
Started 11 years ago, Capria Ventures collectively manages assets exceeding US$200 million. Its current investments in India and Southeast Asia include Alami (fintech), BharatAgri (agritech), Betterplace (jobtech), Eden Farm (foodtech), and Eduvanz (fintech).
It has offices in Seattle, Bangalore, Nairobi, and Washington DC.
Also Read: Bootstrapped: How 99VR raced against the clock to build a profitable business
Dave Richards, Co-Founder and Managing Partner, Capria Ventures, said, “The startup ecosystem in India and Southeast Asia is thriving with immense potential for growth and innovation. India has over 20,000 startups, while Southeast Asia’s VC investment is on the rise, with the internet economy projected to reach US$330 billion by 2025. Capria’s Fund II recognises these synergies and aims to invest in the most promising early-growth tech startups in both regions.”
—
Echelon Asia Summit 2023 brings together APAC’s leading startups, corporates, policymakers, industry leaders, and investors to Singapore this June 14-15. Learn more and get tickets here. Echelon also features the TOP100 stage, where startups can pitch to 5000+ delegates, among other benefits like connecting with investors, visibility through the platform, and other prizes. Join TOP100 here.
The post Capria Ventures hits first close of US$100M Fund II appeared first on e27.