Enza Capital Raises $21M to Back African AI as Venture Funding Retreats
Wednesday, November 11, 2026 · first reported by Launch Base Africa
Enza Capital has held a first close of $21mn on its AI Africa Fund, formally Enza Capital III LP. That is 35 per cent of the $60mn target, and the hard cap is $80mn. The firm has offices in Nairobi, Johannesburg and Cairo.
More commitments are expected before the end of 2026, with a final close targeted for 2027, the year first investments are also due. Initial cheques will run from $250,000 to $3mn, from pre-seed to Series B, with capital held back for follow-ons. Targeted sectors include financial services, healthcare, enterprise technology, education, agriculture and climate.
- Firm
- Enza Capital
- Fund
- Enza Capital III LP
- Size
- $21M
- Stage
- First close
- Asset class
- Venture
- Geography
- Africa
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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