Capria Fund’s first close was anchored by $20 million from Vulcan Capital, the family office of Microsoft co-founder Paul Allen, who died last month. (Microsoft’s other co-founder, Bill Gates, is also an investor.)
The Capria Fund will invest in the network of funds in Africa, Asia and Latin America that have gone through its fund-manager accelerator program; its first two commitments are to Mexico’s Adobe Capital and Chile’s Fen Ventures(see, “Capria seeks ‘network effects’ in emerging-market small-business investing”).
For Adobe Capital, competitive returns in Mexico run through social ventures
Other new investors include Omidyar Network, Ford Foundation and Resonance Impact Fund. Capria is recruiting for its next cohort of fund managers.
