Enygma Ventures, a US based venture capital company has invested R8.3million in Play Sense, a South African online pre-primary school platform that gives children the best learning foundation with qualified early childhood teachers and therapists. Play Sense offers a secure bridge between home and pre-school and the business was founded by Meg Faure and Lara Schoenfeld. The investment will be used to expand the platform and improve its user base in South Africa.
The USA based Enygma Ventures launched a fund in 2019 with US$6.8million (R122million) in women-led entrepreneurial companies operating within the confines of the Southern African region. The fund operates in partnership with the Africa Trust Group which facilitates an incubation programme before an investment is deployed to assist with business expansion. Enygma Ventures was founded by Sarah Dusek and Jacob Dusek in order provide opportunities to women-led entrepreneurial businesses in Southern Africa.