![]() ![]() “The founder partner program fosters alignment and collaboration,” said Lazar. They have their reasons, which can be summed up as aiming for better alignment with founders and being empathetic toward them. But Mompi and his general partner colleague John Lazar disagree. On the call, Mompi stated that several factors, including referrals to other businesses and the size of first check and follow-on investments, will determine how this carry is distributed among founders.įrom the outside in, this model implies that the venture capital firm is giving away free equity or money. For this reason, it is taking 10% of its carry pool and allocating it back to the founders. Meanwhile, i n a seemingly altruistic fashion, Enza Capital is launching its founder partner program, where founders and leadership teams of its portfolio companies become co-owners of the firm.Įnza Capital says the program is one way of cementing trust and belief with founders while committing to building long-term and mutually beneficial partnerships above and beyond traditional venture capital structures. Until now, Enza Capital has provided value in the technical department, where its CTO-in-Residence assists startups’ engineering and tech teams pre- and post-investment. As a result, the company will employ more talent to work closely with these ventures across various departments. Mompi stated that the firm might open offices in Lagos and a Francophone African city to support its portfolio companies in those markets. Pioneering a unique type of founder partner programĮnza Capital has an office in Nairobi its eight-person team is dispersed across the city, Johannesburg, London and New York. The four-year-old firm also co-led a Series A investment in Ivorian fintech Djamo and Kenyan insurtech Turaco from its second fund. Enza Capital provided a pre-seed check to the company before it raised a yet-to-be-announced Series A round led by Index Ventures. and Mexico following a Greycroft-led Series A round. ![]() The Nairobi-based VC firm, from its pilot fund, invested in Guidewheel, a Kenyan climate tech startup that has since expanded to the U.S. These investments span 8 African markets, including Kenya, Uganda, Nigeria, Ghana, Ivory Coast, Senegal, Egypt and South Africa. Mike Mompi, co-founder and managing partner of Enza Capital, stated in an interview with TechCrunch that the firm made 48 investments in 31 companies from both funds. Enza Capital, which now self-describes as a multi-stage investor due to its larger follow-on investments to Series B, is still focused on these industries in its second fund launched this year. The fund is still active and has invested in fintech, logistics, health, human capital and climate tech companies. In 2019, the company launched an early-stage fund to “find, back, and help build category-defining startups” in the pre-seed and seed stages. Enza Capital, a venture capital firm that backs startups “organizing the offline online” and “digitizing key African industries,” has closed $58 million across two funds. ![]()
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