Enza Capital, a Nairobi-based venture capital firm focused on technology companies in Africa, has recently closed a $58 million fund. The firm has also introduced a unique shared ownership model that grants founders ownership of the VC firm. Mike Mompi, co-founder and managing partner of Enza Capital, discussed the firm’s focus and recent investments at the Kauffman Fellows Africa VC Summit.
Mike Mompi, co-founder, and managing partner, discussed Enza’s focus on fintech, health, human capital, logistics, and climate-related businesses. Notable investments include Copia, changing access to products in Kenya.
Mike Mompi’s advice for entrepreneurs includes being clear about their “why” and surrounding themselves with a team that complements their skills. He also emphasized that venture capital is not the only form of funding and that entrepreneurs should consider other options like debt and bank loans.
Mompi, a Kauffman Fellow, aims to attract global investors to Africa and shared personal experiences, including starting as a professional magician.
One of their recent investments is in Copia, a Kenyan venture-backed business with significant annual revenue. Copia has revolutionized access to products in both urban and rural areas of Kenya, making them more accessible and affordable.
In a personal note, Mike mentioned that he began his career as a professional magician and still values the first dollar he earned from it.
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