---
title: "Enza Capital Secures $21M First Close For AI Africa Fund"
description: "Enza Capital reached a $21 million first close for its AI Africa Fund, targeting $60 million to back AI startups across Africa."
canonical_url: "https://liners.com/news/enza-capital-21m-first-close-ai-africa-fund"
markdown_url: "https://liners.com/news/enza-capital-21m-first-close-ai-africa-fund.md"
type: "article"
language: "en"
published_at: "2026-11-13T09:00:50.915Z"
updated_at: "2026-11-13T09:00:50.918Z"
---

# Enza Capital Secures $21M First Close For AI Africa Fund

Enza Capital reached a $21 million first close for its AI Africa Fund, targeting $60 million to back AI startups across Africa.

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## Content

## In Short
Enza Capital has reached a first close of about US$21 million for its third fund, the AI Africa Fund. That is 35% of its US$60 million target.

## What Happened: Enza Capital’s AI Africa Fund First Close
The firm said it has secured around US$21 million in a first close for the AI Africa Fund.

Enza is targeting US$60 million for the fund, with a hard cap of US$80 million. It expects further commitments before the end of the year, and plans a final close next year.

The fund will back AI native and AI enabled companies. AI native means the product is built around artificial intelligence from day one. AI enabled means AI is added to improve a product, like adding an assistant to software.

Enza said it will invest from pre seed to Series B. It plans initial cheques generally ranging from US$250,000 to US$3 million, and will reserve capital for follow on investments.

Target sectors include financial services, healthcare, enterprise technology, education, agriculture, climate and emerging infrastructure. The firm said first investments are planned for 2027.

Mike Mompi, co founder and managing partner at Enza Capital, said artificial intelligence is changing the economics of solving problems, and that the opportunity is “more compelling than in Africa”.

## Why It Matters
Enza Capital said it has backed 49 tech companies across 10 African countries through its first two funds. A dedicated AI fund at this size can increase the amount of early and growth capital available for teams building with AI across multiple sectors.

Enza also pointed to its first realised exit in 2025. In that deal, hospital group Netcare acquired a controlling stake in Quro Medical, a South African AI healthcare technology company focused on hospital level care at home using remote monitoring and technology enabled clinical services.

## Sources and products

- [Disrupt Africa](https://disruptafrica.com/2026/11/13/pan-african-vc-firm-enza-capital-reaches-21m-first-close-of-ai-africa-fund)

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