Afrigather Enza Capital, a Kenyan-based Enterprise agency has raised $58 million to assist startups on the continent alongside a brand new shared possession mannequin that affords founders possession of the VC agency.
Enza Capital, a pan-African enterprise agency has closed $58 million throughout two funds to again African startups. With the brand new funds, the VC agency has launched its Founder Companion program that might see founders of portfolio corporations develop into co-owners of Enza Capital and share within the success of the agency.
Launched in 2019, Enza Capital began with an purpose to again “category-defining” tech corporations throughout fintech, logistics, well being, human capital, and local weather verticals on the continent. The VC firm invests from first cheque on the pre-seed stage to Collection B. Enza Capital has made 48 investments in 31 corporations throughout the continent. The Nairobi-based agency additionally invested in Guidewheel, a Kenyan local weather tech startup from its pilot part. Enza Capital was additionally first cheque traders in Autochek, SeamlessHR, Cash 254, and Earthacre.
“With this new capital, we reinforce our conviction in and dedication to those typically underestimated markets, the place distinctive expertise continues to construct category-defining companies that may assist drive development and prosperity throughout Africa over the following two to a few a long time and past,” stated Enza Capital coFounder and Normal Companion John Lazar.
Enza is pioneering a brand new kind of shared possession mannequin the place founders and management groups of portfolio corporations will develop into co-owners of Enza Capital. The VC agency has allotted 10% of its carry pool to founders. Mike Mompi, managing companion of Enza Capital, informed TechCrunch in an interview that the transfer was a approach to foster collaboration and alignment and that it will increase the probability of success throughout all stakeholders within the enterprise capital construction.
