Capria Ventures, a Seattle, WA-based global business accelerator for impact fund managers, has launched a $100M venture fund.
International Finance Corporation, a division of the World Bank; Ceniarth, a family office based in London; and Sorenson Impact Foundation, a global impact investor, joined Bill Gates and others as financial supporters of Capria Accelerator.
Capria Emerging Managers Fund will invest in equity and debt funds targeting early-stage impact businesses across Africa, Latin America, and Asia.
In the next 5 years, the fund plans to invest in at least 15 impact funds, significantly expanding Capria Network’s global reach.
Capria also announced that it has partnered with two additional impact fund managers including Alitheia Identity, investing in women-led businesses across Africa, and idacapital, investing across technology-enabled impact business verticals in finance, education, life sciences, cleantech and agriculture in Turkey.
They follow the initial fund manager partnerships announced in April 2016 including iungo capital, an impact fund that exclusively provides missing middle finance to small and growing businesses in Uganda and surrounding countries, Pomona Impact, which has been investing in and scaling small businesses in Central America targeting innovative businesses in the essential services sectors – including agriculture, health, education, clean energy and housing – that improve the lives of those living at the bottom of the economic pyramid, and Vakayi SME Fund, which provides growth capital to Zimbabwean entrepreneurs operating in the essential services sectors, which are health, housing, education and clean energy sectors.
Launched in September 2015 by Will Poole, Managing Partner, Capria partners with early-stage equity and debt fund managers to provide them with initial investment capital, and engages in hands-on support to launch and operate their new investment funds. Additionally, the fund managers benefit from the resources of the Capria Network, a global network of local managers and global investors.
FinSMEs
27/06/2016