CAPRIA VENTURES LLC

Thesis

Capria Ventures is a global venture capital firm focused on the Global South, including India, Southeast Asia, Latin America, the Middle East, and Africa. Their investment thesis centers on the power of applied Artificial Intelligence (AI), especially Generative AI, to drive innovation and economic growth in these emerging markets. They believe AI acts as an equalizer, enabling founders to build globally competitive, AI-native businesses. Capria targets tech companies creating scalable, profitable businesses that serve underserved consumers and SMEs, with over 75% of new investments in applied Generative AI. Key sectors include fintech, healthtech, agtech, jobtech, edtech, and SaaS. The firm invests directly and also backs regional venture funds and accelerators. Their strategy involves leading and co-investing, with a preference for companies demonstrating applied AI differentiation. They utilize a barbell strategy, investing in both early-stage and later-stage breakout companies. Capria manages approximately $200 million in AUM across several funds, including Capria Global South Fund I ($57M), Capria Global South Fund I (2023) ($100M), and Capria India Fund III ($100M-$125M). Typical check sizes range from $500K-$2M for seed/pre-Series A, $1M-$5M for early growth, and $10M-$30M for Series B direct investments. They actively invest in key cities across their target regions and may consider Seattle-based companies if their primary markets are in the Global South. The firm was founded in 2012 and is headquartered in Seattle, Washington. Capria Ventures is an SEC-registered investment adviser serving institutional clients and does not actively identify as an ESG investor.

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