Enza Capital raises $21 million first close for African AI fund

Enza Capital is positioning the vehicle around AI businesses across Africa, where median AI funding rounds have been reported at about $1.9 million. The fund’s strategy reflects growing investor interest in African founders building AI products despite a broader venture-funding slowdown. The raise gives Enza Capital additional capacity to back early-stage technology companies and could expand institutional funding available to African entrepreneurs, including Black founders…

• venture capital
• africa tech
• artificial intelligence
• fundraising