Lured by the region’s growth potential, US-based fund-of-funds Capria Ventures says it will soon announce some direct investments in Southeast Asia. So far, Capria Ventures has been investing in Asia in partnership with local venture capital firms.
Most recently, it invested in AVV Alpha, the debut fund of venture capital firm Ascend Vietnam Ventures, which is targeting global startups emerging from Vietnam. The fund will be seeding up to $2 million into 25 startups by next year and following up with cheques of up to $5 million.