Venture Capital Firm Founders Factory Africa Rebrands to 54 Collective
By Fred Maingi
Leading African venture capital firm, Founders Factory Africa (FFA), has rebranded to 54 Collective.
This change marks a new era in venture capital across Africa, offering up to $500,000 in equity and non-dilutive capital to transformative technology ventures.
54 Collective builds on its successful track record of investing in and scaling early-stage ventures across Africa. The new name reflects the firm’s pan-African vision, aiming to support entrepreneurs across all 54 African countries. As a commercial-first investor, 54 Collective integrates impact into all its activities.
CEO Bongani Sithole highlighted the firm’s commitment to African founders, especially youth and women. Female founders receive an additional $150,000 in non-dilutive capital to level the playing field. The firm’s Venture Success Platform offers tailored support in areas like product, growth, strategy, and funding, ensuring founders are investor-ready and can access necessary capital.
With over 70 staff members in Kenya, South Africa, Nigeria, and the UK, 54 Collective distinguishes itself as the only African venture capital firm providing early-stage founders with significant catalytic capital and comprehensive support. The firm, now sector-agnostic, helps founders overcome challenges, achieve commercial success, and create economic growth and jobs across the continent.
Founders Factory Africa was named one of Africa’s top venture capital investors in 2023, with an active portfolio of over 50 ventures. The firm has supported more than 70 ventures, helping them raise nearly $140 million in follow-on capital.
Executive Chairman Roo Rogers emphasized the firm’s role as a powerful economic and social force in Africa, aiming for a more inclusive and equitable future for the Global South. With ambitious five-year goals, 54 Collective is poised to transform Africa’s venture capital landscape, driving generational progress and prosperity through entrepreneurship.
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