Global Ventures announces partnership with Capria Ventures

Global investment firm Capria Ventures makes first investment into the MENA region

London, UK, December 17, 2020: Global Ventures, a UAE-based venture capital firm, is excited to partner with Capria Ventures (“Capria”), a Seattle-based global investment fund-of-funds.

Capria has approved its investment in Global Ventures’ second fund, which is focussed on technology companies addressing critical needs and demands in recently accelerated industries. Global Ventures has invested in 25 companies across its two funds and continues to be a leading provider of capital and value creation for start-ups in the Middle East and Africa, with a timely and increasing focus on MedTech.

This represents the first fund investment Capria has made in the Middle East / North Africa (“MENA”) region. Global Ventures is excited to be supported by Capria and accelerate further into a burgeoning, regional venture and innovation ecosystem with rapid growth opportunities in the Digital Health, FinTech, EdTech and AgriTech sectors.

Through its network of 20 partner fund managers, Capria has access to companies in 37 countries in the emerging markets of Africa, Middle East, South & Southeast Asia and Latin America. In alignment with the United Nations’ Sustainable Development Goals, Capria partners with fund managers like Global Ventures bound by a common objective to accelerate the flow of global and local capital to high-growth businesses.

Capria’s network of investing partners collectively manage over US$400 million in assets, deployed in early stage / growth companies in Latin America, Africa, and Asia. Capria has over US$100 million in assets under management invested directly in India via Unitus Ventures, and in other markets via partners of the Capria Fund which takes anchor GP and LP positions.

Noor Sweid, Founder & General Partner of Global Ventures, commented:
“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. We are very excited to see the transformative impact this investment and partnership will have across the MENA region. We’re very much looking forward to our partnership with Capria and to expanding ties between our regional ecosystem and other high-growth markets.”

Susana Garcia Robles, Venture Partner at Capria Ventures, said:
“Capria has 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 already are seeing synergy between Global Ventures’ portfolio and the portfolios of our Capria Network managers in Asia, LatAm and Africa.”

Featured On

           

About Global Ventures

UAE-based venture capital firm, investing in founders and ideas scaling across emerging markets. With global-minded founders that are leading growth-stage companies and using technology to transform emerging markets. More about Global Ventures >

About Capria

Capria is a global investment firm leading, partnering with and funding the largest network of emerging market fund managers collaborating to deliver superior returns and scaled impact. Capria brings venture capital innovation and global best practices to local venture capital, private equity and innovative debt funds, managed by local investment experts. Capria’s network of investing partners collectively manage more than USD $400 million in assets deployed in early stage and early growth companies in Latin America, Africa, and Asia. Capria has over $100M in AUM which it invests directly in India via Unitus Ventures, and in other markets via partners of the Capria Fund which takes anchor GP and LP positions. Capria has offices in Seattle, Bangalore and Nairobi. More about Capria >

Liked the update?

Share on facebook
Share
Share on twitter
Tweet
Share on linkedin
Publish