Seattle, Washington-based VC firm Capria secured $100M for its second fund.
The
firm aims to invest in startups across the "Global South" region,
namely India, Southeast Asia, Latin America, the Middle East, and
Africa. Capria plans to invest in 20 to 25 tech startups, with
individual first check sizes averaging between $2M to $3M.
- The firm will also back global startups that have their primary markets in the Global South.
- Gates Ventures and OIP Investment Trust invested in the fund along with several foundations and family offices.
- Capria closed its debut fund at $57M in Jun. 2020.
- The firm has since backed fintech startup Kueski, agritech firm Agrofy, mobility startup MAX, and payments fintech firm Paymob.
- Over the next three years, Capria expects the Global South economy to contribute 70% of the overall GDP growth.
