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Enza Capital

Africa, Nairobi Area, Kenya, Nairobi

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
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Enza Capital frequently co-invest with?

Golden Palm Investments
Africa, Greater Accra, Ghana, Accra
Co-Investments: 2
Musha Ventures
North America, New York, United States, New York
Co-Investments: 4
Lateral Frontiers
North America, New York, United States, New York
Co-Investments: 3
Partech
Europe, Ile-de-France, France, Paris
Co-Investments: 4
4DX Ventures
North America, New York, United States, Brooklyn
Co-Investments: 4
TLcom Capital Partners
Europe, England, United Kingdom, London
Co-Investments: 3
LoftyInc Capital
Africa, Lagos, Nigeria, Ikeja
Co-Investments: 8
Chandaria Capital
Africa, Nairobi Area, Kenya, Nairobi
Co-Investments: 5
Future Africa
North America, California, United States, San Francisco
Co-Investments: 3
LocalGlobe
Europe, England, United Kingdom, London
Co-Investments: 4

Which angels does Enza Capital often collaborate with?

Idris Ayodeji Bello
Africa, Nigeria
Shared Deals: 1
JO
Europe, England, United Kingdom
Shared Deals: 1
WC
North America, New York, United States, Manhattan
Shared Deals: 1
ND
Europe, Ile-de-France, France, Paris
Shared Deals: 1
CG
Europe, England, United Kingdom, London
Shared Deals: 1
EB
North America, California, United States, San Francisco
Shared Deals: 1
Tidjane Deme
Africa, Senegal
Shared Deals: 1
MK
North America, California, United States, Stanford
Shared Deals: 1
Ademola Adesina
Africa, Lagos, Nigeria, Lagos
Shared Deals: 1
Ire Aderinokun
Africa, Lagos, Nigeria, Lagos
Shared Deals: 1

What are some of recent deals done by Enza Capital?

Djamo

Abidjan, Lagunes, Côte d'Ivoire

Djamo is a provider of financial applications that allow customers to use their cards with zero fees in a range of services.

AppsFinanceMobile Payments
Series UnknownApr 3, 2025
Amount Raised: $17,000,000
Affinity

Accra, Greater Accra, Ghana

Affinity is a financial solutions company that provides financial inclusion, advisory, and literacy services.

ConsultingFinanceFinancial Services
SeedFeb 11, 2025
Amount Raised: $8,000,000
WideBot AI

Riyadh, Ar Riyad, Saudi Arabia

WideBot AI is MENA's leading AI communication platform, focusing on customer experience and AI engagement.

Artificial Intelligence (AI)ChatbotGenerative AIMachine LearningNatural Language Processing
SeedJan 29, 2025
Amount Raised: $3,000,000
Hub2.Io

Port Louis Town, Port Louis, Mauritius

Hub2.Io offers payments digitalization services.

Financial Services
Series ADec 2, 2024
Amount Raised: $8,500,000
MNZL

Heliopolis, Al Qahirah, Egypt

Asset-backed financing. Digital access to capital. Tech-enabled credit decisioning.

FinanceFinancial ServicesInformation TechnologySoftwareWeb Development
SeedMay 8, 2024
Amount Raised: $3,500,000
Copia Global

Nairobi, Nairobi Area, Kenya

Copia Global provides a consumer catalog order and delivery system intended to serve consumers in the developing world.

Consumer GoodsDeliveryE-CommerceSales
Series CDec 13, 2023
Amount Raised: $20,000,000
Cloudline

Cape Town, NA - South Africa, South Africa

Cloudline leverages lighter-than-air technology and solar power to bring emissions free aviation to every part of the world.

Aerospace
Pre SeedAug 16, 2023
Amount Raised: $4,000,000
Craydel

Nairobi, Nairobi Area, Kenya

Craydel is transforming the way students and working professionals in Africa discover, compare and apply to higher education.

Online Portals
Pre SeedJul 7, 2023
Amount Raised: $1,000,000
Jumba

Nairobi, Nairobi Area, Kenya

Jumba is a construction technology platform that streamlines B2B construction material purchases and financing.

B2BConstructionInformation Technology
SeedFeb 20, 2023
Amount Raised: $4,500,000
Yebo Fresh

Cape Town, NA - South Africa, South Africa

Yebofresh is a new online shopping service.

E-CommerceLogisticsShoppingSupply Chain Management
Series UnknownJan 24, 2023
Amount Raised: $4,534,554