(Ecofin Agency) - 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.