Enlabeler, an Artificial Intelligence (AI) and data annotation startup based in South Africa has secured an investment from new VC fund Entrepreneurs for Entrepreneurs (E4E) Africa on 6th August, 2020. The funds will be utilized to kick start its operations and expand in international market. This investment aims in helping the South African Entrepreneurs to build internationally successful companies.
Esther Hoogstad, chief executive officer (CEO) and co-founder at Enlabeler, said her team rated the E4E partners highly as entrepreneurs and was proud to be associated with them.
She commented, “As important as this initial funding is, what really attracted us to E4E was their expertise as seasoned entrepreneurs and the relationships to which they could introduce us.”
Newly launched Venture Capital Fund, E4E Africa, which recently received a funding of R135 million ( USD 8.2M), invests in innovative startups of South Africa. The fund, which was backed by a founding investment from the SA SME Fund, aims to support business models that bring innovative, agile solutions to critical sectors of the South African economy, including the healthcare and fintech sector and the sustainable agriculture value chain, including those with the capacity to scale inside and outside of South Africa.
The fund has already invested in grocery delivery startup Yebo Fresh. Managing Partner, Philani Sangweni said, Enlabeler was a perfect example of the kind of start-up it wants to invest in. “It combines the latest in innovation and technology with the ability to scale globally, while empowering ordinary South Africans,” he further said.
About the company
Established in the year 2019 by Esther Hoogstad and Poster Boon, Cape Town based Enlabeler fulfills the need for accurate video, audio, image and text labeling with the emergency need for job creation, serving clients with their data annotation needs while offering a chance to learn new skills & get paid work experience and grow into the country’s data science and tech space.
Enlabeler claims that it has grown a person-strong database of over 250 human labelers. In addition, the company has established its presence in South Africa and Kenya and has plans for further expansion into the rest of Africa.
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