Capria Ventures, a Seattle-based investment firm plans to foster growth in the field of fintech, ed-tech, agri-tech and digital health after unveiling its first investment plan in Africa and the Middle East.
The firm has recently approved its investment in UAE-based Global Ventures. Capria Venture’s investing partners are responsible for the management of assets worth $400 million deployed in early-stage companies across Asia, Africa and South America.
The firm has assets under management worth $100 million in India through Unitus Ventures in the form of direct investments. Furthermore, the firm has also investments in other nations through the Capria fund.
Capria Ventures is backed by foreign investors such as the World Bank’s International finance, Unitus Labs, Vulcan Capital and the Ford Foundation.
Global Ventures currently operates in 15 key markets and has invested in 25 companies. The firm utilise technology to transform emerging markets and support the development of growth-stage companies.
Jack Knellinger, partner, Capria Ventures, told the media, “Tech industries are “presenting promising and expansive opportunities in the new post-Covid-19 world. The first half of 2020 witnessed increased investment activity in 2020, despite the turbulence of the year, already generating 95 percent of total venture investments in the full year of 2019. The pandemic has catalysed digital transformation and adoption in the region, and these sectors are set to demonstrate the highest growth potential in the upcoming five to ten years. Countries of particular focus in the region included the UAE, Saudi Arabia and Egypt.”