Capria FoFs invests with Global Ventures

Dubai-based Global Ventures is partnering with fund of fund group Capria Ventures, which approved its investment in Global Ventures’ second fund. Capria is a global investment firm based in Seattle partners and funds a large network emerging market fund managers. Supported by international investors, the firm counts Vulcan Capital, the Ford Foundation, Bill Gates, the World Bank’s International Finance Corporation, Unitus Labs and other leading impact investors among its backers. “We are delighted to welcome a new investor to the regional ecosystem,” said Noor Sweid, founder and general partner of Global Ventures. “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.” Sweid said that the team 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,” she added. The UAE-headquartered Global Ventures backs global-minded founders who lead growth-stage companies and use technology to transform emerging markets. The second fund is focused on technology companies addressing critical needs and demands in recently accelerated industries. Earlier this year, Global Ventures was exploring opportunities in healthcare technology, with an eye on founders whose technologies are meeting the increased demand for telemedicine and diagnostics in emerging markets. Capria’s network of investing partners collectively manage over $400 million in assets, deployed in early stage / growth companies in Latin America, Africa, and Asia. Capria has over $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. “Capria has always backed fund managers across the globe with aligned interests and incentives,” said Susana Garcia Robles, venture partner at Capria Ventures. “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.” She added that Capria already seeing synergy between Global Ventures’ portfolio and the portfolios of its managers in Asia, LatAm and Africa. Global Ventures’ portfolio companies include Arrow Labs, Buseet, Elmenus, Flora Now, Helium Health, Holiday Me, Kitopi, Lean, Mamo Pay, Mumzworld, Much:on, Ogram, Paymob, Spider Silk, Tabby, Tribal and Zension.

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