Enza Capital Raises USD 21 M First Close For USD 60 M AI Africa Fund

Enza Capital, a Pan-African venture capital firm founded in 2019 by Mike Mompi, Sir John Lazar and David Cohen, has raised USD 21 M at the first close of its third fund, the AI Africa Fund, as it targets USD 60 M.

The Nairobi-, Johannesburg- and Cairo-based firm plans to invest between USD 250 K and USD 3 M in African startups from pre-seed to Series B, with a focus on financial services, healthcare, enterprise technology, education, agriculture, climate and emerging infrastructure.

Enza has deployed USD 58 M across its first two funds into 49 companies in 10 African countries, including 11 AI-native businesses. It expects to make the fund’s first investments in 2027 and is targeting a final close that year.