Enigma Ventures is looking for passionate women entrepreneurs to invest in. The venture capital fund was established by two successful women entrepreneurs who now invest in women entrepreneurs in Southern Africa.
“We are industry agnostic, which means we invest in any sector where women are thriving. We are passionate about driving progressive change on the African continent,” says Lelemba Phiri, Enygma Ventures’ operating partner.
How women entrepreneurs can Join
Enigma Ventures was born in October 2019 just before the COVID-19 pandemic struck. Last year, the fund invested $3.5 million in 10 businesses in South Africa, Zambia, and Eswatini, making them one of Africa’s most active investors for 2020. This year it aims to invest in even more women with a big target on key SADC markets such as Malawi and Tanzania.
“With just a fraction of global venture funds being deployed across the continent, Africa is an extraordinary opportunity. We established Enygma because we wanted to tackle inequality through 3 lenses – gender, race, and geography. Thus investing diversely, not only from a gender perspective but also a race and geography perspective, was important to us,” says Sarah Dusek, co-founder and managing partner of Enygma Ventures. KEEP READING