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“We are excited to have new and dynamic funding, which follows on from previous investments into Founders Factory Africa by Standard Bank Group, Small Foundation and Netcare Group,” says Alina Truhina, co-founder of Founders Factory Africa.
Since its inception in 2018, Founders Factory Africa has invested in over 55 tech start-ups across the continent. The additional funding affirms Founders Factory Africa's hybrid investment model of combining capital and operational support and will help the early-stage investor further iterate this model by:
“Come build with us,” says Founders Factory Africa CEO, Bongani Sithole.
“Moving Africa forward requires more of us to support tech-driven, solution-oriented ventures that have the potential to scale and make an impact at speed. Our role as Founders Factory Africa is to provide founders with the funding, knowledge, and hands-on venture building support they need to achieve commercial success and create outsized, systematic impact.”