In the year 2012, Dave Richards and Will Poole founded the US global investment Company Capria. This firm manages two ventures—Unitus Seed Fund and Capria Accelerator. The role of Capria Accelerator is to provide startup fund managers with seed capital, mentoring, and fundraising support, access to a growing global network of early-stage and investment evaluation support.
Capria will also play additional roles such as identify local fund management talent, provide training and connection through its acceleration programme, investing in their management firms, raise funds from investors and assisting them to build their portfolio.
Capria is to be supported by the committed leading impact investors in order to unlock over $500 million in global impact capital in the next ten years to come. Among the top supporters who commit to Capria Accelerator are Crystal Springs Foundation and Lemelson Foundation. According to gate, he has long been a proponent of market-based solutions to help improve lives.
“We are firm believers in the importance of helping establish fund managers who will invest capital that are well-researched strategies and they provide support to the entrepreneurs who will build large, profitable, and sustainable enterprises”, Pai stated.
The company also confirmed via a statement that it has accepted its first group of fund managers, initially one from Africa and one in Central America. The name of the fund managers to be disclosed later. The application of the second set of the fund managers for the latter half of 2016 has been opened by the firm. Three high potential teams were formed by the firm to analyze 65 final applications from 24 countries.
Will Poole exclaimed that they are incredibly amazed by the level of professionalism and the tenacity that the fund managers have while working in very challenging surrounding. He added that the pioneer gap applies to new fund managers who establish themselves in capital-starved markets that can provide huge financial benefits and also disproportionate social impact.
“Establishing skilled local-market investment managers is important when it comes to scaling global impact investing,” added the founder of Sorenson Impact Foundation, Jim Sorenson.
Jim added that the international investors with insufficient knowledge about locals and insufficient skills to provide deep mentorship and support to the companies they so want to see succeed leads too many investments.
Sorenson’s hope is that other leading impact investors will join in supporting new impact fund managers coming via the Capria Accelerator so as help in building this essential global capability.
It should be noted that Bill Gates has made his investment in Capria from his private investing company which is not affiliated with the Bill and Melinda Gates Foundation.