Enygma Ventures, a US-based venture capital firm has extended its application for its funding program to Friday, January 15, 2021.
Female applicants residing in Africa’s SADC region are encouraged to apply for the program.
They must, however, have business ideas or an existing venture that requires capital.
According to Enygma Ventures, up to $1-million in growth capital funding is available for existing ventures ready to scale up and accelerate their growth.
Speaking on the importance of lending support to women-owned ventures, Sarah Dusek, CoFounder & Managing Partner of Engyma Ventures said:
“We’d love to support more entrepreneurs in bringing their ideas to life this year and so welcome applications from across the region from entrepreneurs who believe their ideas can change Africa for the better.”
According to reports, in 2020, the US-based VC firm led seven seed round investments of more than R50-million into women-owned ventures on the African continent.
Also read, 6 Ways to champion women entrepreneurship in 2021
In collaboration with StartUpCircules.ai, the US-based VC firm made a commitment of $25 000 each into three pre-seed investments.
Enygma Ventures/StartupCircles success story
Following Enygma Ventures partnership with StartupCircles in 2020, the following startups secured $25 000 in pre-seed funding from the program:
Often described as the Esty version of the African continent, the startup allows artisans across the continent to make sales on their products online.
In South Africa, this startup appears to be the micro-school in the country for kids in grades 4-9.
Koa Academy aims to reimagine education for a post-COVID-19 era through a non-conventional educative platform.
This startup allows women in South Africa’s rural and township regions to become retailerS in their respective localities.
Candor Life affords these women a unique reseller model.
How to Apply
Is your business a women-led venture in the SADC region of Africa?
Then go ahead to apply here. The extended deadline for application is Friday, January 15, 2021.
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