SA online haircare platform Brown and Ayo raises $276k funding from Enygma Ventures

Brown and Ayo, an aspirational way of life hair model targeted on pure hair kinds and developments for black girls in South Africa, has raised ZAR4 million (US$276,000) in funding from female-focused VC agency Enygma Ventures.
Since 2019, Brown and Ayo has been offering a variety of pure hair extensions created to imitate black pure hair textures by its online retailer, priding itself in bringing each stylish and well-loved merchandise to the South African black lady client.
Enygma Ventures is a ZAR100 million (US$6.8 million) fund launched in late 2019, which has a give attention to investing in girls entrepreneurs within the SADC area. It has now backed Brown and Ayo to the tune of ZAR4 million (US$276,000) to assist it develop.
“We are overjoyed about our partnership with Enygma Ventures which gives each monetary and strategic help. This will enable us to execute on our imaginative and prescient to scale throughout Africa and globally,” mentioned Acanda Jaswa, founding father of Brown and Ayo.
“As a solo black feminine founder working outdoors of conventional know-how, my odds for elevating important VC funding have been low. It is thus very thrilling to be backed by Enygma Ventures and their numerous workforce that perceive this thrilling sector and have been extraordinarily helpful in supporting me to assume strategically about rising my enterprise.”

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