Capria Ventures Allocates To UAE's Global Ventures Second Fund
Seattle-based global investment fund-of-funds Capria Ventures has approved an investment in UAE-based venture capital firm Global Ventures’ second fund. This represents the first investment Capria has made in the MEA region.
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 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:
“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 are already seeing synergy between Global Ventures’ portfolio and the portfolios of our Capria Network managers in Asia, LatAm and Africa.”
Capria is backed by international investors, including Vulcan Capital, the Ford Foundation, Bill Gates, the World Bank’s International Finance Corporation, Unitus Labs, and other impact investors.
Global Ventures has invested in 25 companies, operating across 15 markets, using capital from its two funds. The second fund is focussed on technology companies addressing critical needs and demands in recently accelerated industries.
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