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The Venture Codex

Overview

Investment company providing equity capital to mid-market firms in Africa.

Deals · 12mo

2

Links

Stage focus

—

Geographic focus

South Africa

Sector focus

—

Investment portfolio

2rounds
NAMEDATESIZE
Enko Education
Feb 2026Participated
$46 MOther Equity
Enko Education
Dec 2025Led
$24 MOther Equity
Enko Education
Feb 2026Participated
$46 MOther Equity
Enko Education
Dec 2025Led
$24 MOther Equity
2
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Deal Distribution

Africa Capitalworks: 2 funding rounds are recorded in the selected participation categories.All available history.
Africa Capitalworks: 2 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Other Equity11

Monthly Deal Activity

Africa Capitalworks: 2 deals are recorded across 11 months.All available history.
Africa Capitalworks: 2 deals are recorded across 11 months. All available history
MonthDeals
Dec '251
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Africa Capitalworks: Education & Workforce is the largest displayed sector by deal count (2 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Africa Capitalworks: Education & Workforce is the largest displayed sector by deal count (2 deals). All available history
SectorDeals
Education & Workforce2
Media & Entertainment2
Professional Services2

Deal Size Distribution

Africa Capitalworks: 2 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Africa Capitalworks: 2 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M1
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Africa Capitalworks: South Africa has the largest recorded deal count among the displayed regions (2 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Africa Capitalworks: South Africa has the largest recorded deal count among the displayed regions (2 deals). All available history
RegionDeals
South Africa2
Africa Capitalworks: 5 co-investors are shown, with Adiwale Fund I sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Africa Capitalworks: 5 co-investors are shown, with Adiwale Fund I sharing 2 recorded deals. All available history
Co-investorShared deals
Adiwale Fund I2
Liquid Africa1
Proparco1
Standard Bank1
Steyn Capital1

Investment Strategy

Africa Capitalworks: Led accounts for 50% and participating for 50% of round participation.All available history.
Africa Capitalworks: Led accounts for 50% and participating for 50% of round participation. All available history
CategoryDeals (count)Share (%)
Led150%
Participating150%
Africa Capitalworks: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
Africa Capitalworks: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1100%
Co-led00%

Team