The Caribbean Venture Capital Fund (CVCF), inspired by the Development Bank of Jamaica, has received approval from its Investment Committee to acquire a stake in Doorstep Jamaica Limited. Managed by CMGP LLC, a subsidiary of Mscale LLC, CVCF is a $50 million fund set to close to investors in May 2025, focusing on early-stage scalable businesses.
About Doorstep
Doorstep, founded in 2018 by Victor Clemetson (CEO) and Javed Cameron (COO), is a rapidly growing online delivery service that gained significant traction during the pandemic. The company aims to enhance its platform and expand its operations, targeting not only food delivery but also groceries, medicines, and other essential services. This investment will facilitate Doorstep’s expansion across Jamaica, the Caribbean, Latin America, and eventually Africa.
Doorstep Jamaica’s Future Plans
With this funding, Doorstep plans to diversify its services to meet the increasing demands of customers both locally and for Jamaicans living abroad. The company operates with a robust organizational structure, supported by an advisory board with extensive experience in the Jamaican market.
