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    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Funding»Enza Capital Secures $58 Million Investment, Launches Founder Partner Program

    Enza Capital Secures $58 Million Investment, Launches Founder Partner Program

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    By Smart Megwai on September 28, 2023 Funding, Investments

    Enza Capital, a venture firm based in Kenya, said it has successfully closed two funds, raising a total of $58 million in funding to support startups across Africa. Alongside this significant funding achievement, the firm has introduced its innovative Founder Partner program.

    This initiative invites founders of portfolio companies the opportunity to become co-owners of Enza Capital. It is designed to foster enduring and mutually beneficial collaborations, with 10% of the carry pool allocated to founders. The distribution of this share among founders will consider factors like referrals and the scale of their initial and subsequent investments.

    This approach will address power imbalances and foster greater alignment of interests among stakeholders within the venture capital ecosystem. It represents a notable step forward in creating a more equitable and collaborative venture capital landscape.

    Since its establishment in 2019, Enza Capital has been dedicated to nurturing technology companies in diverse sectors, spanning fintech, logistics, health, human capital, and climate tech. The firm actively invests in startups from their early stages, supporting them through pre-seed funding up to Series B financing rounds.

    Enza Capital’s reach extends across eight African markets, encompassing countries like Kenya, Uganda, Nigeria, and South Africa. In these regions, the venture firm has strategically invested in companies operating within the fintech, logistics, health, human capital, and climate tech sectors, contributing to the growth and development of these innovative enterprises.

    The Kenyan-based venture firm has already made 48 investments in 31 companies across the African continent. Enza Capital’s commitment to these emerging markets reflects its belief in the exceptional talent that is driving the growth of transformative businesses in Africa, ultimately contributing to the continent’s long-term prosperity.

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    Smart Megwai
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    Smart is a technology journalist covering innovation, digital culture, and the business of emerging tech. His reporting for Innovation Village explores how technology shapes everyday life in Africa and beyond.

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