Microsoft connection: Capria fund, backed by Bill Gates, gets $20M from Paul Allen’s Vulcan
By Nat Levy
Microsoft’s fingerprints are all over the Seattle and global tech ecosystems, and here’s the latest example: a venture capital fund run by an ex-Microsoft executive is now backed by the tech giant’s co-founders, Bill Gates and the late Paul Allen.
Allen’s investment arm Vulcan Capital committed $20 million to a fund being raised by Capria that will be used to back fund managers in “emerging markets.” Capria is raising $100 million for this fund and has selected the first couple firms it will invest in.
Vulcan Capital is joined by the Ford Foundation, Omidyar Network and Resonance Impact Fund as the latest investors in the fund. Capria is rolling cash it raised previously into the fund, and past investors include Gates and International Finance Corp. — a sister organization of the World Bank — Ceniarth, Sall Family Foundationand Sorenson Impact Foundation.
Photo courtesy of Steven Depolo.