VC Firm Enza Capital Closes Fund II At USD 58 M For Investments Across Africa

Pan-African venture capital firm Enza Capital is expanding its commitment to Africa with the close of its Fund II, increasing AUM to USD 58 M. Enza Capital also announces the launch of its pioneering Founder Partner program, where leadership teams of portfolio companies become co-owners and share in the broader success of the firm and fellow investees.

Enza Capital seeks to pioneer a new type of shared ownership model in Africa, in which founders and leadership teams of the portfolio companies become co-owners of Enza Capital and share in the firm’s success. The firm believes that technology will play an increasingly pivotal role in enhancing efficiency and transparency, fueling growth, and fostering sustainable development throughout the continent. Included as a core member of their team is a CTO in Residence, who works with companies both pre-and post-investment.

“This new vehicle will enable Enza Capital to further build on the strong foundations established by visionary founders, like-minded funds, and values-aligned stakeholders across Africa. It reaffirms our dedication to becoming a steadfast, long-term partner in one of the most dynamic, high-growth, and consequential tech ecosystems of our era,” said Enza Capital Co-founder and Managing Partner Mike Mompi.