Capria Ventures has announced the first close of its $100 million Fund II to invest in early-growth startups in the Global South. The fund will focus on 20-25 technology businesses in Africa, India, Southeast Asia, Latin America, and the Middle East, with OIP Investment Trust, Gates Ventures, and Crystal Springs Foundation among its investors.

Capria's strategy is to work with local managers in these areas and provide mentoring, teamwork, and training. The fund will focus on startups that use the potential of Generative AI and those in the Climate sector. Capria Ventures has already invested in potential startups in Mexico, Brazil, Nigeria, and Egypt, such as Kueski, Seamless HR, Agrofy, MAX, and Paymob. The company has invested in key tech hubs in the Global South for 11 years, seeking to empower sustainable companies and pave the road for long-term economic development in Africa.