Seedstars has launched Seedstars Capital, its investment platform for emerging venture capital fund managers with the support of xMultiplied, a Swiss-based investment holding company.
With the platform, Seedstars expects to drive over $500 million of new funding into emerging and diverse managers, creating 10,000 new jobs and generating over $20 billion of additional GDP across emerging markets in the next 10 years.
The platform partners with emerging and diverse managers with local expertise and unique strategies and provides the necessary resources to launch new funds and develop their investment firms. At the same time, it becomes the catalyst for investments in these early-stage firms by providing investors with a diversified allocation solution to the asset class within emerging markets.
Launched in 2013, Seedstars International Ventures has supported over 90 emerging market venture ecosystems. It is the world’s first seed-stage venture capital fund dedicated to global emerging and frontier markets and has invested in over 30 countries across Latam, Africa, MENA, CEE and Asia.
It launched its first emerging market seed stage fund, Seedstars International Ventures II. The firm announced the first close of the fund with $20 million committed by notable investors including the International Finance Corporation (IFC), Visa Foundation, The Rockefeller Foundation, and Symbiotics.
The venture is now working towards launching funds focused on EdTech, supply chain, ClimateTech and other impact sectors. The firm is also set to collaborate with a number of additional sector-specific technology funds, active from Pre-Seed to Series A, in emerging and frontier markets.