Plesion Capital, a Vienna, VA-based social impact venture capital firm, announced its formation.
Plesion aims to make pre-seed and seed investments in promising startups whose products and services are positively influencing the lives of people by helping to reduce poverty and creating new opportunities for economic growth.
Led by Ben Finlay, Founder and Managing Partner, Plesion Capital is currently focused on African-based investment opportunities that have the potential to address major societal challenges across the continent. The firm’s focus areas include food insecurity, clean water access and improving infrastructure, both financial and physical.
The inaugural investment was in Uganda-based XENO Corporation’s $2m seed round, which was led by Beyond Capital Ventures. The firm made a $500,000 investment.
FinSMEs
06/01/2023