African venture capital firm Founders Factory Africa has announced its rebrand and name change to 54 Collective, evolving its business model to better support transformative technology ventures across the continent through catalytic capital and value-add support through its Venture Success Platform. The new name, 54 Collective, reflects the firm’s ambitious pan-African vision, aspiring to help entrepreneurs grow their businesses to serve all 54 African countries. Our name change to 54 Collective communicates our continued commitment to African founders. 54 Collective offers equity and non-dilutive capital up to a total of US$500,000, enabling founders to scale their ventures across the continent. The Venture Success Platform empowers founders to succeed globally by facilitating networking and community building opportunities.

Source: The North Africa Journal August 09, 2024 12:51 UTC