Capria Fund raises $33 million to invest in early-stage emerging-market funds

ImpactAlpha Editor

David Bank

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).

Other new investors include Omidyar Network, Ford Foundation and Resonance Impact Fund. Capria is recruiting for its next cohort of fund managers.