African venture capital firm Founders Factory Africa (FFA) has announced its rebranding and name change to 54 Collective. They have evolved their business model to better support transformative technology ventures across the continent through catalytic capital and value-added support via their Venture Success Platform.

The company will primarily focus on commercial investments and integrate impact into all of its activities. 54 Collective will provide funding and value-added support to ventures from the idea stage to pre-Series A through its Venture Success Platform.

As part of its refreshed strategy, 54 Collective will offer equity (USD 100 K – 250K) and non-dilutive capital (USD 100 K – 150 K), enabling founders to scale their ventures across the continent. Female founders will receive an additional USD 150 K in non-dilutive capital. The firm has transitioned from exclusively investing in the Agtech, Fintech, and Healthtech sectors to making investments across various sectors on the continent.

Last year, the fund secured USD 114 M to fine-tune its model and bring more startups under its umbrella. Since its establishment in 2018, the venture capital firm has invested in more than 55 tech companies across Africa. Renda, WellaHealth, and Lipa Later are some of the well-known startups in their portfolio.

“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. 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,” commented 54 Collective CEO Bongani Sithole.

The Venture Success Platform, which consists of a team of highly experienced venture specialists, will offer customized support to its portfolio companies as value-added assistance. This support will include product development, growth strategies, commercial relationships, business strategy, talent acquisition, technology, and data utilization to develop ventures for scalability.