Enygma Ventures invests in food business
Enygma Ventures has announced that Black Mamba Foods, an ethical producer of specialty foods based in Eswatini (former Swaziland), has become the fund’s latest investment.
“We are very pleased to partner with Black Mamba, to scale their growth across the continent and beyond. Black Mamba is an incredible brand that not only elevates women and sustainable farming but also makes the world a better place for all of us,” says Sarah Dusek, managing partner and co-founder of Enygma Ventures.
Black Mamba manufactures a range of chilli sauces, pestos, pickles, chutneys and jams, all of which are made from natural, fresh ingredients without artificial flavours or preservatives.
Claudia Castellanos, co-founder and CEO of Black Mamba Foods stated, “We are extremely excited about this partnership with Enygma Ventures. The financial and strategic support will allow us to scale Black Mamba exponentially. It validates our business model, based on building a fun and modern African brand of high-quality food products while promoting inclusiveness of rural communities and green agriculture.”
The R9.2 million (about $598,786) investment further strengthens the R100 million (about $6.5 million) VC fund’s portfolio of growing women-owned African businesses.
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