Enygma Ventures

Enygma Ventures is a venture capital firm based in Cape Town, South Africa, established in 2019. It focuses on early-stage investments in women-led startups within the Southern Africa region. It describes itself as a purpose-driven investor that combines capital with tailored support, leveraging networks to provide expertise, mentorship, and access to local and overseas markets. The firm emphasizes flexible, efficient deployment of capital and aims to be a collaborative partner for entrepreneurs. Its investment thesis centers on diversity and inclusion, targeting sectors such as education and training services, consumer products including food and personal products, and consumer finance, with a preference for businesses that generate social impact alongside growth. The firm draws on experience across Africa, the United States, and Europe to help portfolio companies scale and access markets.

Jacob Dusek

Co-Founder and General Partner

Past deals in Sub Saharan Africa

PremierCredit Zambia

Venture Round in 2024
PremierCredit is an international financial technology company that operates an online microlending and investment platform in Sub-Saharan Africa's emerging markets. The Financial Services Commission (FSC) has licensed and regulated the company, allowing them to provide inclusive financial services throughout Africa.

Koa Academy

Seed Round in 2021
Koa Academy is an educational provider that focuses on delivering an Independent Examinations Board (IEB) curriculum for students in grades 4 to 12 through an online platform. The academy emphasizes a structured yet individualized learning experience, allowing children to progress at their own pace. Koa Academy offers ongoing assessments that are age-appropriate and provides instant feedback via a learner dashboard. This approach ensures that students have continuous access to academic support from a team of experienced educators, fostering an environment that promotes personalized education and academic growth.

Brown & Ayo

Seed Round in 2021
Brown & Ayo is a manufacturer specializing in natural hair extensions designed to replicate the textures of Black natural hair. The company offers a diverse online marketplace featuring ethically sourced and sustainably produced hair extensions, catering specifically to the needs of South African Black women. With a commitment to innovation, Brown & Ayo aims to provide high-quality products that resonate with its target consumers, while promoting authenticity and cultural appreciation in the beauty industry.

PremierCredit Zambia

Seed Round in 2020
PremierCredit is an international financial technology company that operates an online microlending and investment platform in Sub-Saharan Africa's emerging markets. The Financial Services Commission (FSC) has licensed and regulated the company, allowing them to provide inclusive financial services throughout Africa.

Job Crystal

Venture Round in 2020
Job Crystal is a recruitment platform designed to connect companies and recruiters with qualified candidates, primarily serving small and medium-sized enterprises (SMEs) in South Africa. The company specializes in sourcing talent across various industries, including IT, Sales, Marketing, Administration, Human Resources, and Finance, particularly within sectors such as Technology, FMCG, Finance, Telecommunications, Education, and Retail. By enabling career seekers to be directly headhunted by employers, Job Crystal facilitates an efficient hiring process that benefits both parties. The company is recognized for its innovative approach to recruitment, notably offering flexible payment terms for recruiting fees, which addresses the financial constraints often faced by SMEs.

Play Sense

Venture Round in 2020
Play Sense is an early childhood education company operating a home-based and in-home play school model. It provides a scalable approach to preschool learning, offering free and guided activities that promote social development, creativity, and a love of learning through creative play, storytelling, and reading. The program blends online resources with in-person guidance to help parents engage their children effectively and access affordable early education. Founded in 2015 and based in Kenilworth, South Africa, Play Sense focuses on practical, play-centered methods that support young children's development in homes or community settings.
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