US Capria Ventures completes the first operation in the MEA region
Wednesday, 16 December 2020 18:11
The U.S. investment firm Capria Ventures has entered into an undisclosed strategic transaction with the UAE-based venture capital firm Global Ventures.
The transaction consists of an investment in Global Ventures' second fund, dedicated to startups in the Middle East and Africa (MEA) region. This is Capria Ventures' first direct transaction in the region.
"We are delighted to welcome a new investor to the regional ecosystem. Capria is one of the first US fund-of-funds to invest in the region and is internationally renowned for its success in emerging markets," said Noor Sweid (pictured), founder and senior partner of Global Ventures.
“We are very excited to see the transformative impact this investment and partnership will have across the region," he added.
Through this commitment, Capria intends to capture investment opportunities in the MEA region through equity investments in the health, financial services, education, agriculture, and digital sectors.
The venture capitalist Global Ventures, which targets growth companies, has integrated into its portfolio some twenty companies operating in about fifteen markets.
Chamberline Moko
Live News
-
Jam’s Avenir Threatens Cameroon With Lawsuit Over Revoked Kambele Permit
20:42
-
African Sovereign Bonds: Liquidity vs. Returns in South Africa, Ghana, and Zambia
20:40
-
Rafiki Streamlines Outsourcing with Collaborative Software
20:00
-
Racine Sarr Unlocks Global Shopping for African Consumers
19:56
-
Blending Tech and Tradition, Khadija Mohamed-Churchill Gets Affordable Food to Nairobi’s Street Vendors
19:46
-
Togo Highlights Role of Intellectual Property in Driving Growth
19:38
-
After $1.1T in Transactions, Africa's Mobile Money Industry Faces its Next Test
19:29
-
Arms or Aid: U.N. Warns Africa’s Military Spending Deepens $70B Development Gap
19:06
-
Togo Ramps Up Preparations for COP30 in Brazil
18:39
-
Togo’s Lomé Port Begins Dredging to Become a Hub for Giant Container Ships
18:37
From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...
• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...
Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...
Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...
As a relatively small issuer in the West African Economic and Monetary Union (WAEMU) market, Benin i...
South Africa anchors African bonds with liquidity, but yields lag Ghana and Zambia. Ghana and Zambia deliver 20%+ yields, driving bond rallies despite...
• UN urges shift from arms to human development in Africa • Military spending rises, deepening poverty and fiscal strain • Region needs $70B...
Lomé begins dredging to handle larger container ships Port traffic hits record 2 million TEUs in 2024 Strategic hub for regional transshipment and...
Malawi votes in high-stakes presidential election Tuesday Economic crisis, inflation dominate voter concerns Chakwera faces Mutharika, Banda in tight...
Surprisingly, only one African song made it onto Rolling Stone's list of the 500 Greatest Songs of All Time. The track is "Essence," a collaboration...
The Umhlanga Festival, also known as the “Reed Dance,” is one of the most iconic cultural events in the Kingdom of Eswatini in Southern Africa. Every...