Enygma Ventures, a US venture capital company, is said to have invested approximately $4 million in selected startups and SMEs across the Southern African Growth Community.
In light of this, Enygma Ventures is dedicated to assisting female-founded businesses and entrepreneurs.
Enygma has been one of the most active investors on the continent, investing in a number of sectors such as fintech, eCommerce, edtech, and more.
Sarah Dusek, co-founder and Managing Partner at Enygma Ventures, explains why supporting SMEs and women is critical to the economy’s development.
“Now, more than ever, we must invest in the future, in women, in development, in innovation, and in building for the future. Now is not the time to think small and retreat, but rather to think large, prepare for expansion, seek out new paths, and see the present state as an opportunity,” Dusek said.
Access to funding for SMEs, according to Lelemba Phiri, Operating Partner at Enygma Projects, is vital for economic development.
“Access to capital is critical for SME growth, and it is even more critical during a recession like the one that the region is experiencing. The businesses we invested in last year have already created exciting growth and impact.
“Building and rising small and medium-sized businesses is the best way to rebuild economies, get out of recessions, and create jobs. Since they are the builders of Africa’s future, we will continue to invest in those with ambition and bold, brave new ideas for growing their companies. We’d like to hear from you if you see a way to broaden and scale your business. Tell us about your business concept that could revolutionize our world,” Dusek concludes.
The firm has released an official call for investment applications for April 2021, and they are looking for exceptional female entrepreneurs to join their cohort of businesses.
Interested applicants can apply online.