Kenyan-based Venture firm Enza Capital has raised $58 million to support startups in Africa. Alongside funds to back startups, the pan-African venture firm has introduced a Founder Partner program, a new ownership model that allows founders to become co-owners of Enza Capital and share in the success and liabilities of the firm.
Launched in 2019, Enza Capital has been funding tech companies across fintech, logistics, health, human capital, and climate verticals in Africa.
Enza Capital has made 48 investments in 31 companies across Africa, one of which is Guidewheel, a Kenyan climate tech startup from its pilot phase. Enza Capital was also the first cheque investor in Autochek, Earthacre, Money 254, and SeamlessHR.
According to one of Enza Capital’s founders and General Partner, John Lazar, the new capital will strengthen their commitment to underestimated markets, where exceptional talent continues to build category-defining businesses to drive growth and prosperity across Africa for decades.
The VC firm has allocated 10% of its carry pool to founders to foster the promised shared ownership model where founders and leadership teams of portfolio companies will become co-owners of Enza Capital.
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