TechInAfrica – The American wife and husband, Sarah and Jacob Dusek, has launched Enygma Ventures, a venture capital fund investing in women-led startups in the Southern African Development Community (SADC). The new VC fund is set to invest up to R2 million in these startups, helping them to grow their businesses.
Both Sarah and Jacob Dusek are the founders of the US adventure-hospitality firm, Under Canvas. According to them, the new fund will be run locally by wife and husband, Lelemba and Sandras Phiri from the Africa Trust Group as the operating partners.
Cited from Ventureburn, Sandras Phiri said that the fund will host a three to six-month investor readiness program, that will take place in January next year. Applications for the program are opened to women-led ventures and will be closed on December 1st. Interested participants can click here to apply.
To apply for the program, applicants must have scalable businesses based in the SADC alongside a proven revenue model and business concept. Additionally, the businesses must showcase growth and are looking for early-stage capital.
Phiri emphasized Enygma Ventures as the first VC fund in the SADC region investing in women-led businesses.
“We’re taking 10 women entrepreneurs in this first cohort and depending on how ready they are at entrance we will look to invest within that six months,” Phiri said.
Commenting on the new launched VC fund, the Founder and CEO of Enygma Ventures, Sarah Dusek said: “We want to help women think big. We will create flexible financial solutions for them with efficient and strategic deployment of capital whilst also providing helpful tailored support.”