Enygma Ventures opens applications for investment
Enygma Ventures has opened up applications for investment in its final call of the year. Female entrepreneurs and innovators who are problem solvers with existing businesses or new business ideas in SADC are encouraged to make an application for funding to fuel growth. The R120 million (about $8 million) fund empowers women who are passionate about driving solutions that make Africa stronger.
Enygma’s next group of successful entrepreneurs will join businesses like Play Sense, Job Crystal, Lupiya and Black Mamba which form part of Enygma Ventures’ existing portfolio of six women-led businesses that were funded in 2020 plus three pre-seed companies that also received investment.
Businesses that are selected, will go into Enygma Ventures’ Investor Readiness Programme and will gain the opportunity to receive an equity investment ranging between $250,000-$1 million. Qualifying early-stage idea companies will receive a scholarship to Startup Circles’ Acceleration Programme and could also receive a $25,000 pre-seed equity investment upon graduation.
Those not selected to be fast-tracked, will still be able to access support at cost from Startup Circles – Africa’s number one startup school. Startup Circles has supported over 5,000 entrepreneurs across the continent, helping them fast track the process of ideation to validation and launch to investment.
“Never has there been a better time to step up and take your business to the next level,” encourages Sarah Dusek, managing partner and CEO of Enygma. “Accessing funding is your opportunity to seize the moment, accelerate your growth and help build a better world for all.”
Interested applicants have from 1 December until 31 December 2020 to apply.
Reach Africa’s private equity community by publishing a Showcase Article, Job Opportunity or Event on Africa Private Equity News. Contact us at editor@africaprivateequitynews.com for our rate card and more information.