
Enza Capital
Description
Enza Capital is an early-stage venture capital firm headquartered in Nairobi, Kenya, dedicated to investing in technology-driven companies across Africa. The firm focuses on backing founders and teams who are leveraging technology to address significant and impactful challenges on the continent. In October 2022, Enza Capital successfully closed its inaugural fund, Enza Capital Fund I, at an impressive $58 million. This significant capital raise underscores their commitment to fostering innovation and growth within the African tech ecosystem.
The firm's investment strategy primarily targets pre-seed and seed-stage startups, indicating a strong preference for early-stage ventures with high growth potential. Enza Capital typically deploys first checks ranging from $250,000 to $1.5 million, providing crucial early capital to promising companies. Their portfolio spans various sectors, including fintech, logistics, and consumer tech, reflecting their broad interest in solutions that can scale rapidly and create widespread impact. Notable investments include companies like Pivo, Koko Networks, and MarketForce, showcasing their diverse and impactful portfolio.
Enza Capital's mission extends beyond mere capital provision; they aim to be strategic partners, offering guidance and support to their portfolio companies as they navigate the complexities of scaling in African markets. By focusing on technology solutions for large problems, Enza Capital plays a vital role in addressing critical needs and unlocking economic opportunities across the continent. Their strategic presence in Nairobi further solidifies their commitment to being on the ground, close to the innovation hubs they seek to empower.
Investor Profile
Enza Capital has backed more than 29 startups, with 4 new investments in the last 12 months alone. The firm has led 6 rounds, about 21% of its total and boasts 0 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Pre Seed rounds (top funding stages).
- Majority of deals are located in Nigeria, Kenya, Uganda.
- Strong thematic focus on Financial Services, E-Commerce, Software.
- Typical check size: $250K – $1.5M.
Stage Focus
- Seed (41%)
- Series A (21%)
- Pre Seed (17%)
- Series Unknown (10%)
- Series B (7%)
- Series C (3%)
Country Focus
- Nigeria (28%)
- Kenya (28%)
- Uganda (7%)
- Senegal (7%)
- South Africa (7%)
- Côte d'Ivoire (7%)
- United States (3%)
- Egypt (3%)
- Mauritius (3%)
- Saudi Arabia (3%)
Industry Focus
- Financial Services
- E-commerce
- Software
- Logistics
- Finance
- Saas
- Transportation
- Delivery
- E-commerce Platforms
- Human Resources
Frequently Asked Questions
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