Impact Investing | October 2, 2023

With $58 million for African startups, Enza Capital will share profits with founders

Amy Cortese
ImpactAlpha Editor

Amy Cortese

ImpactAlpha, Oct. 2 – Nairobi-based Enza Capital invests in tech-driven startups across Africa tackling challenges from climate change to mobility. The four-year old venture investor in seed-stage and growth rounds raised $58 million for its second fund.

Enza’s portfolio includes Cloudline, a Cape Town-based maker of autonomous battery and solar-powered airships for cargo delivery; Lagos-based Autochek, which helps Africans get car financing and maintenance; and EarthAcre, a Nairobi firm that uses machine learning to model ecosystems and help landowners adopt regenerative practices. 


Enza also launched a shared ownership program that cuts portfolio companies in on the firm’s returns. The Founder Partner program is about “building long term aligned and mutually beneficial partnerships above and beyond traditional venture capital structure,” said Enza’s Mike Mompi.