FIRST CLOSE OF OUR FUND, CARIBBEAN VENTURE CAPITAL FUND, L.P. ACHIEVED

The Fund

The Caribbean Venture Capital Fund is Mscale’s flagship fund.

The CVC Fund is a $50M (target) hybrid venture capital and private equity fund mandated to invest equity and/ or quasi-equity in early-stage, scalable firms.

The Fund will address some of the significant SME funding gaps within the Caribbean.

Key Financial Metrics

Fund Background

Mscale was selected and seeded with $4.9M by the Development Bank of Jamaica after a global RFP competition.

The fund intends to diversify its portfolio by investing in small and medium-sized enterprises across various sectors in Jamaica, CARICOM member territories, and the Dominican Republic, capitalizing on the region’s growth potential and the need for equity capital.

How we Invest

The Fund Manager will establish representative offices in Jamaica and Barbados with associate offices in
Trinidad and Tobago and Guyana.

Target Sectors

The Fund is sector agnostic but places particular focus on the following sectors:

Tech:

Other:

Lisandra Rickards

Technical Assistance Committee

Lisandra is an Executive Coach with a background in economics and investments. She is CEO of a professional development company and has in her career coached over 220 entrepreneurs.

She has MBA with honors from Harvard Business School, and a B.A. in Economics with honors from the University of Chicago

Sandra Glasgow

Technical Assistance Committee

Sandra is the Founder and Managing Director of BizTactics Limited, a consulting company dedicated to mentoring growth-aspiring firms and promoting best-in-class corporate governance in the Caribbean. She is an Angel Investor having personally invested in 11 local companies and is a Co-Founder of Jamaica’s first Angel Investor Network, FirstAngelsJA. She is the Founder of the Technology Innovation Centre, Jamaica’s first technology business Incubator, at the University of Technology, Jamaica. A graduate of the University of the West Indies, she holds a Bachelor of Science Degree and a Master’s degree in Business Administration, with a specialisation in the Management of Technology.

Sharon Roper

Investment Committee

Sharon has strong marketing and business strategy design and execution. She offers strong experience in brand development, digital strategy and market research, investment thesis and strategy development.

Sharon holds a graduate Diploma in Business Studies and Finance from Suffolk College, University of East Anglia and is a Fellow of the Chartered Institute of Marketing (FCIM).

Dami Doherty

Investment Committee

Dami has strong venture capital experience with several years of deal origination and investing in early-stage technology companies in West Africa.

She also has strong experience in transaction structuring and negotiation, investment analysis and market research, investment thesis and strategy development.

TBA

Partner, Caribbean Transactions

30 years regional (SIDS) & fortune 500 experience in venture capital, investment banking, climate investments

TBA

Partner, Climate Transactions

30 year climate fund management and infrastructure development experience across emerging and developed markets.

David Roberts

Chief Technology Officer

David Roberts is an experienced technology executive with over 30 years of experience leading the assessment, development, and delivery of cutting-edge technology systems. As CTO of Mscale LLC and CEO of Transform Affinity, David brings a powerful network of technology and business experts across the largest commercial companies, government agencies, and the most prestigious academic institutions in the world.

Ugo Ikemba

Chief Executive Officer

Ugo is a global investments executive with over 20 years of venture capital, private equity and impact investing experience for start-ups, early stage and mature companies. He has a wide network of strong relationships with the leadership of DFIs, pension funds, sovereign wealth funds, banks, corporates in the US, UK and Africa. Ugo has a proven investment track record. His primary focus on all assignments is delivering superior results through innovation, project management, and building stakeholder alignment. He has been involved in the raising of 4 funds totaling over US$300 million.Regions he has covered in his career include Africa, North America, South America & Europe.