The global investments firm Capria Ventures has made an investment into the second fund of the UAE-based Global Ventures, the first investment Capria has made in the MEA region.
Capria Ventures is a global investment firm, partnering with and funding the largest network of emerging market fund managers collaborating to deliver superior returns and scaled impact. Capria has offices in Seattle, Paris, Bangalore, and Nairobi, and is backed by international investors, including Vulcan Capital, the Ford Foundation, Bill Gates, and IFC.
It has made its first MEA investment in the UAE-based Global Ventures, a venture capital firm investing in founders and ideas scaling across emerging markets. Global Ventures has invested in Africa-based startups such as Buseet, Elmenus, Helium Health and Paymob, as well as more than 20 other companies across 15 markets.
Its second fund is focused on technology companies addressing critical needs and demands in recently accelerated industries, and the investment from Capria will further accelerate its growth.
“We are delighted to welcome a new investor to the regional ecosystem. Capria is one of the first US fund-of-funds to invest in the region and is internationally renowned for its success in emerging markets,” said Noor Sweid, founder and general partner of Global Ventures.
“We are very excited to see the transformative impact this investment and partnership will have across the region. We’re very much looking forward to our partnership with Capria and expanding ties between our regional ecosystem and other high-growth markets.”
Susana Garcia Robles, venture partner at Capria Ventures, said the company had always backed fund managers across the globe with aligned interests and incentives.
“Our collaboration is our first entry into the region, which will diversify our investors’ access to opportunities in a region seeing significant growth in the digital health, FinTech, EdTech and AgriTech sectors. We are already seeing synergy between Global Ventures’ portfolio and the portfolios of our Capria Network managers in Asia, LatAm and Africa,” she said.