Beyond Capital Ventures (BCV), a Texas-based venture capital firm recognized for its impact-driven approach, has announced the completion of its second fund ’s deployment with its latest investment in Fasal, an Indian agritech company. This milestone signals the conclusion of BCV Fund II’s activity, as the firm shifts its focus toward new investment vehicles aimed at supporting startups across emerging markets, including Africa and India.
BCV’s final investment in Fasal highlights the firm’s commitment to high-impact sectors such as agriculture, healthcare, and financial inclusion. Fasal, headquartered in Bengaluru, India, provides a full-stack platform for horticulture farmers, offering IoT-enabled precision farming tools and market linkages. The platform has reportedly helped farmers reduce input costs, optimize yields, and increase revenues through data-driven decision-making.
With the deployment of Fund II now complete, BCV has built a diversified portfolio that spans East Africa and South Asia. Notable African investments include Kenya’s Zanifu, a financial platform for micro, small, and medium enterprises (MSMEs); Uganda’s XENO, a goal-based investment platform; and Rwanda’s Ampersand, a manufacturer of electric motorbikes.
“The completion of our second fund’s portfolio marks a significant milestone for BCV. It reflects our strategy to back purpose-driven startups addressing critical needs in underserved markets,” said Eva Yazhari, Managing Partner at BCV.
As BCV transitions beyond Fund II, it is gearing up to launch two key investment vehicles: Beyond Capital Ventures Fund III and the BCV Debt Opportunities Fund. These initiatives aim to extend the firm’s mission of fostering innovation while ensuring sustainable growth for startups.
Equity Vehicle: BCV Fund III
BCV Fund III, targeting $75 million, will focus on seed to Series A investments in sectors such as healthcare, financial services, and climate resilience. Investment sizes are expected to range from $500,000 to $2.5 million. The fund also introduces an “Equitable Venture” model, where a portion of carried interest is allocated to portfolio companies that achieve predefined gender and climate impact milestones.
“We want to align the success of our portfolio companies with the success of our fund. This approach fosters long-term partnerships while ensuring meaningful social and environmental impact,” Yazhari stated.
The BCV Debt Opportunities Fund, targeting $8 million, will provide working capital and bridge loans to portfolio companies. By offering non-dilutive financing, the fund aims to address the liquidity challenges faced by startups in emerging markets. Three investments have already been made, with over $1.86 million raised so far.
BCV’s increasing focus on Africa reflects the continent’s dynamic startup ecosystem and significant unmet demand for essential services. Investments like Ampersand’s electric motorbikes highlight the firm’s interest in addressing environmental challenges while fostering economic growth. Other notable African investments include Lapaire, an eyecare startup, and Kasha, a distributor of women’s health and hygiene products.
The firm’s investment thesis emphasizes sectors poised for growth, driven by Africa’s expanding middle class. “We believe healthcare, financial inclusion, and climate resilience are not just critical for societal advancement but also represent high-growth opportunities,” Yazhari explained.
BCV’s dual focus on gender equity and climate resilience sets it apart in the venture capital landscape. The firm’s carried interest sharing model incentivizes founders to embed impact objectives into their core strategies. This approach has resonated with both institutional and high-net-worth investors seeking to balance financial returns with social responsibility.
With 17 recommitments from existing investors and nine new backers, BCV expects to secure first close of Fund III as soon as possible. As it continues to back startups in Africa and India, BCV’s dual fund strategy reflects a commitment to scaling innovative solutions that address pressing global challenges.