E4E (Enterpreneurs for Africa) an entrepreneurship-centered venture capital fund that supports entrepreneurs in South Africa with smart and innovative business models that are scalable. The fund helps talented entrepreneurs build successful international companies given their wealth of experience and expertise.
E4E is founded by 6 partners with extensive experience and success as investors and entrepreneurs locally and internationally. The fund is backed by $8.1 million at the first close supported by the SA SME Fund.
The fund will invest in business models that provide innovative solutions to vital sectors of the South African economy covering healthcare, financial services, sustainable agriculture, and other firms capable of scaling inside and outside South Africa.
E4E will pay key attention to funds with black and female participants during their early stages and support their companies as co-founders or key players as they scale about their operations.
Philani Sangweni, E4E Africa managing partner disclosed to Disrupt-Africa that the fund was o the verge of raising more money, and had made major strides on their first investments.
Here are the founding members of E4E
Bas Hochstenbach (Partner) worked in Europe with McKinsey & Co then moved to Tanzania after founding Asilia Africa. Since his exit from Asilia in 2016, Hans has focused on mentorship and investment in early-stage entrepreneurs, even managing several fundraising rounds.
As managing partner, Philani Sangweni led Accenture as a senior manager and Fundi as COO. After exiting Fundi in 2017 he co-founded AKRO and Matsei Technologies. Having worked with large Public and Private clients throughout East Africa he brings an invaluable network to E4E.
Bakang Komanyane (Principal) and brings his global deal-making experience in private equity, venture capital, real estate, and infrastructure. His work experience spans 4 continents and remains passionate in exploring scalable early-stage ventures.
Neil Watson (Partner) co-founded Digital Planet and built it into a large successful e-commerce service before exiting in 2019. Since then he has invested and exited several other businesses offering mentorship and support.
Frederik Gerner (Partner) is the co-founder of Ampelmann where he has built a high-tech hardware business from scratch till his exit. He has extensive knowledge having worked with entrepreneurs across the globe.