The LP View: Firms Need a Path to Profitability Even if It Means Slower Growth, Says Capria Ventures

Lured by the region’s growth potential, US-based fund-of-funds Capria Ventures says it will soon announce some direct investments in Southeast Asia. So far, Capria Ventures has been investing in Asia in partnership with local venture capital firms.

Most recently, it invested in AVV Alpha, the debut fund of venture capital firm Ascend Vietnam Ventures, which is targeting global startups emerging from Vietnam. The fund will be seeding up to $2 million into 25 startups by next year and following up with cheques of up to $5 million.

September last year, Capria Ventures made its first limited partner (LP) investment in Indonesia, backing the early-stage VC firm AC Ventures. Capria had previously backed general partners including Singapore-based Genesis Alternative Ventures, India’s Arkam Ventures and Unitus Ventures, and Dubai-based Global Ventures.

It also works with fund managers in Africa and Latin America.

While Capria has been investing in India for 10 years through its Unitus Ventures early-stage VC funds, it started looking at Southeast Asia only during the pandemic through the local VC partnerships.

Southeast Asia is close on the heels of India in terms of pipeline opportunities and we expect to make a similar allocation to both India and Southeast Asia,” Dave Richards, managing partner, Capria Ventures told DealStreetAsia in an interaction.”

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