Anza Fund Manager

Capital to protect, commercialise and scale African intellectual property.

We are a licensed, 51% Black-owned venture capital manager, investing from Seed to Series A in food, clean and inclusive digital technology companies across Southern and Eastern Africa. We pair equity with hands-on support to take protected technology to market.

The Anza team with founders from our portfolio.
  • FSP 53884Licensed by the FSCA for Category I and II financial services
  • 51%Black-owned
  • 13Active companies in Anza Capital’s portfolio

Beyond the obvious

Anza means “multiply in great numbers”.

Where we work

Two hubs, with deal flow across Southern and Eastern Africa

  • Investment hubs: South Africa and Kenya
  • Portfolio reachOur portfolio companies also operate in Botswana, Lesotho and Namibia, and beyond Africa in the UK and New Zealand.

See where we invest

Dot map of Africa: hubs in South Africa and Kenya, offices in Johannesburg and Cape Town, and portfolio markets in Botswana, Lesotho and NamibiaJohannesburgCape TownKenya (investment hub)

Why Anza

African innovation is not the constraint. Commercialisation capital is.

Companies that have outgrown incubator funding but are still too small for development finance or private equity fall into the missing middle. At this stage, many founders cannot yet afford to protect their intellectual property, let alone take it to market.

This is where Anza invests, from Seed to Series A. We pair capital with the legal, commercial and go-to-market support needed to turn protected technology into a business.

Capital available to technology companies, by stage
  1. Idea and pre-seed

    Grants, incubators, angels and bootstrapping.

  2. Seed to Series A

    The missing middle. Too mature for incubators, too small for later-stage investors. Anza invests here.

  3. Growth

    Later-stage venture capital, development finance and private equity.

Illustrative; not to scale.

How we work across these stages

  1. 01

    Originate

    The SA Innovation Summit and TechTribe Accelerator, both founded by our CEO, let us follow founders long before we invest.

  2. 02

    Invest and commercialise

    Equity from Seed to Series A, with support on IP protection, go-to-market and governance from our team and venture partners.

  3. 03

    Build to exit

    We plan exit routes from the first investment, drawing on corporate, private equity and M&A relationships.

How we invest

Now raising

Anza Africa Seed Fund II

Our current fund backs IP-led companies in food, clean and inclusive digital technology, where innovation can strengthen Africa’s food systems, climate resilience and digital infrastructure.

Managed by Anza Fund Manager and separate from Anza Capital.

Common investor questions

The fund at a glance

20Companies in the target portfolio
R1m-R20mTicket size, Seed to Series A
75 / 25Allocation: South Africa 75%, rest of Southern and Eastern Africa 25%
Q1 2027Targeted first close

Track record

Anza Capital, our first portfolio

Through the Anza Incubation Fund SPV, Anza Capital holds 13 active South African technology companies across food, agriculture, health, financial services, clean energy, education and AI.

Dr Zane Stenning, co-founder and CEO of Mia Healthcare, with a large 3D printer

More than capital

Mia Healthcare: making dental care affordable

Anza ran due diligence sized for an early-stage company and structured a flexible deal. After investing, we supported Mia’s offshore restructuring and introduced it to new markets. We have since invested further.

“From assisting with our offshoring process and restructuring our investments to providing us with vital market access, Anza Capital has proven to be a true partner in our growth journey.”

Dr Zane Stenning, co-founder and CEO, Mia Healthcare

Read Mia’s story

Team

A lean team with investment, finance and operating depth

The team is overseen by a five-member Board and, for Seed Fund II, an Investment Committee with independent members. A network of sector advisers supports our portfolio companies.

Team and governance

“Their dedication to gender intentionality is clearly reflected in their leadership, where women play pivotal roles, truly embodying the principles they advocate.”

Cathy Goddard, Former Investment Committee member, Anza Incubation Fund SPV

Impact

Clear about what we deliver and what we enable

We report the capital and hands-on support we provide separately from what our portfolio companies go on to achieve, so investors can see exactly where our contribution lies.

Our impact approach

CORE GOALS

  • Sustainable Development Goal 8: Decent work and economic growth
  • Sustainable Development Goal 9: Industry, innovation and infrastructure
  • Sustainable Development Goal 10: Reduced inequalities

CROSS-CUTTING

  • Sustainable Development Goal 5: Gender equality
  • Sustainable Development Goal 13: Climate action

The SDG icons are used for information, in line with the United Nations guidelines for their use. Their use does not imply endorsement by the United Nations.

For investors

Investing in African technology?

  • Anza Africa Seed Fund II is raising
  • Two-page fund overview available
  • Fund documents shared after an introductory conversation

For founders

Building a company on protected technology?

  • Seed to Series A, R1 million to R20 million
  • Southern and Eastern Africa
  • We aim to respond within two weeks