Enza Capital, a Kenyan-based venture capital firm, has closed two funds totalling $58 million, to support innovation and growth in African technology startups. The venture capital firm plans to expand its physical presence to Lagos and a Francophone African city. This will help reinforce its support for portfolio companies in these markets.
Established in 2019 by David Cohen, John Lazar and Mike Mompi, Enza Capital identifies and nurtures pioneering startups across a range of sectors such as fintech, logistics, health, human capital, and climate technology.
Over the years, it has made 48 investments in 31 companies operating in eight African markets, including Kenya, Uganda, Nigeria, Ghana, Ivory Coast, Senegal, Egypt, and South Africa. Some of these startups include SeamlessHR, Autochek, and Jumba among others.
“With this new capital, we reinforce our conviction in and commitment to these often underestimated markets, where exceptional talent continues to build category-defining businesses,” said John Lazar, Enza Capital co-founder and General Partner.
