Founders Factory Africa is now 54 Collective, a VC firm

Founders Factory Africa (FFA), an African venture capital, has announced its rebrand and name change to 54 Collective.

The company has  developed its business model to better support transformative technology ventures across the continent. 

Founders Factory Africa Rebrands To 54 Collective

Founders Factory Africa, now 54 collectives, plans to execute its business model through catalytic capital and value-added support. These changes can be experienced through its Venture Success Platform.

The Venture Success Platform comprises a team of seasoned venture specialists who give personalised assistance. This includes product, growth, commercial partnerships, business strategy, personnel, technology, and data to establish scaleable companies. 

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The team also guarantees that founders have access to the appropriate funds by preparing them for investor readiness, investor access, fundraising strategies, debt unlocking, and impact capital, according to the company. 

Additionally, the Platform will enable founders to succeed globally by offering networking and community building opportunities. 

The Firm’s New Name Reflects Its Service To 54 African countries

The new name, 54 Collective, reflects the vc firm’s ambitious pan-African vision, aspiring to help entrepreneurs grow their businesses to serve all 54 African countries.

54 Collective CEO Bongani Sithole, said, “Our catalytic capital and value-add support to founders, through our Venture Success Platform, signifies our evolution and ongoing mission to support entrepreneurs across Africa and enable them to build without boundaries to drive commercial and impact returns.”

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He continued by saying, “Our name change to 54 Collective communicates our continued commitment to African founders. We are more supportive than ever of unlocking opportunities for entrepreneurs and ensuring a level playing field for youth and women founders.”

54 Collective investment strategy is to provide equity and non-dilutive finance up to $500k, allowing founders to expand their businesses across the continent.

To break down access barriers, female founders will receive an additional $150k of non-dilutive financing compared to their male counterparts, according to the company.

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54 Collectives’ Investment Strategy

The VC firm has also evolved from investing only in the agritech, fintech, and healthtech sectors to being sector-agnostic in its investments, supporting more founders across many sectors on the continent. 

54 Collective helps founders navigate complex challenges to achieve commercial success and make an impact on the continent through economic growth and job creation.

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Sithole says: “We are pursuing opportunistic investments in different sectors across the continent where there are uniquely large opportunities for start-ups to scale and create sustainable impact in these sectors.”

“Also, our goal is to invest in 105 start-ups across Africa in the next five years, enabling entrepreneurs to provide solutions to the continent’s biggest challenges and transforming lives and industries.”

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