Seattle Accelerator Capria Boosts Fund Managers in Emerging Nations
Monday, October 17, 2016
A housecleaner-on-demand service in Cape Town, South Africa, has created 400 jobs and plans to keep growing across the African continent. A young gourmet tea business in Johannesburg is bringing high-end drinks to customers while supporting small, local farmers.
The expanding companies, SweepSouth and Yswara, are two businesses that emerging private equity firm Alitheia Identity Fund plans to support, with a small boost from an expanding network centered in Seattle.
“In some areas, microfinance has been very successful,” Alitheia managing partner Tokunboh Ishmael said. “Now households and companies have grown, so funding needs to grow.”
The three women who run Alitheia in Lagos, Nigeria, and Johannesburg have been investing in companies for a combined 60 years. They recently finished a three-week stint in Seattle for training and sharing ideas with other investors that focus on companies aiming to make a social or environmental impact.
Source: The Seattle Times (link opens in a new window)