Pan-African VC firm Enza Capital closes $58m Fund II

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Pan-African venture capital firm Enza Capital has announced the close of its US$58 million Fund II, as well as the launch of its Founder Partner programme, where leadership teams of portfolio companies become co-owners and share in the broader success of the firm and fellow investees. 

Since its inception in 2019, Founded in 2019, the Kenya-based Enza Capital defines itself as a multi-stage VC firm that backs founders and teams using technology to solve large and meaningful problems across Africa. So far, it has made 48 investments into high-growth African technology companies, from first cheque at the pre-seed level to Series B.

“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 coFounder and Managing Partner Mike Mompi. 

“Our existing portfolio companies and future long-term partners are technology-driven enterprises leading the transition from offline to online, digitizing pivotal sectors, and building the rails that will help empower Africans and transform the continent. These companies are reshaping the very fabric of how Africans live, earn, work, do business, and thrive.”

Enza Capital is pioneering 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 success of the firm. 

“The Founder Partner programme fosters alignment and collaboration, and it increases the likelihood of success across all stakeholders in the Venture Capital structure, ranging from LPs and investors to management teams, and extending to the ultimate beneficiaries of the products or services developed by these enterprises. We truly believe in shared ownership, and we can empathize with leadership teams – these are some of the reasons why we launched the Founder Partner programme”, said John Lazar, co-founder and general partner of Enza Capital.

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Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.

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