Founders Factory Africa, a leading venture capital firm has rebranded to 54 Collective. This new business model will support transformative tech ventures in Africa with catalytic capital and a robust Venture Success Platform.
54 Collective continues its legacy of investing in and scaling early-stage African ventures. The new name embodies its pan-African vision, aiming to assist entrepreneurs in all 54 African countries. As a commercial-first investor, 54 Collective invests from the idea to Pre-Series A stages with catalytic capital and comprehensive support.
“Our catalytic capital and value-add support signify our evolution and mission to support African entrepreneurs, fostering commercial and impact returns.” said Bongani Sithole, CEO.
Investment Strategy
54 Collective offers up to $500k in equity and non-dilutive capital, with an additional $150k for female founders. The Venture Success Platform, led by experienced specialists, offers tailored support in product, growth, strategy, talent, technology, and data. Moreover, it also prepares founders for investor readiness and facilitates networking and community-building opportunities.
Unique Position
As the largest Africa-based venture capital team, 54 Collective’s combination of significant funding and extensive support sets it apart. With over 70 staff in Kenya, South Africa, Nigeria, and the UK, it invests in all sectors. This aids founders’ success and continental impact.
Achievements and Future Goals
In 2023, Founders Factory Africa was among Africa’s top venture capital investors, with an active portfolio of over 50 ventures in 10 countries and $140 million in follow-on capital raised. Looking ahead, 54 Collective aims to invest in 105 startups over the next five years, focusing on financial inclusion, healthcare access, job creation, and a gender-forward portfolio with 50% of startups founded by women.
Notable impacts include Asaak, a vehicle asset financing company, which improved financial inclusion for over 11,000 bodaboda drivers, with 79% reporting a better quality of life and 80% increased income.
“54 Collective is a powerful force in the African economy, with strong roots on the continent and a global reputation. We aim to redistribute investment and knowledge towards a more inclusive and equitable future for the Global South.” highlighted Roo Rogers, the Executive Chairman.
54 Collective envisions a future where African entrepreneurship drives generational progress and prosperity. The rebrand marks a new era in venture capital, enabling founders to build without boundaries and tackle Africa’s biggest challenges.
