Capria selects Lagos-based Alitheia for its accelerator, accepting applications for next cohort

Capria, the first global business accelerator for impact fund managers, has announced the selection of Lagos-based Alitheia Identity Management for its second accelerator program.

Alitheia Identity invests in innovative, high-growth women-led small businesses that can scale locally and pan-regionally, and drive economic and social transformation and predictable wealth creation for entrepreneurs and investors.

Alitheia Identity’s Founding Partners have already invested over $148 million across Africa returning 2.7x.

A member of the African Private Equity and Venture Capital Association (AVCA), Alitheia is HQ’ed in Mauritius with offices in Lagos, Nigeria and Johannesburg, South Africa.

Together with Turkey-based idacapital, Alitheia will participate in Capria Accelerator Intensive, a multi-week in-person accelerator program commencing on September 18, 2016 (yesterday) in Seattle, US.

The Accelerator program is custom designed to help emerging market fund managers to accelerate launching new early-stage investment funds in emerging markets.

“We saw strong interest for participation in our current cohort, with Alitheia Identity Management and idacapital standing out among the 88 applicants from 36 countries,” said Jack Knellinger, Principal of Capria.

He added, “We have continued to see growing interest among fund managers around the world and we’re excited to begin considering teams for our Q1 2017 cohort.”

Applications for the Q1 2017 program, which will be the accelerator’s third cohort, will close on November 11, 2016.

New fund managers backing early-stage startups in South Asia, Southeast Asia, Africa and Latin America can apply. Up to five fund management teams will be selected for this cohort.

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