54 Collectives Andrew Obuoforibo talks rebranding from Founders Factory Africa, non-dilutive loans, others

Andrew Obuoforibo

54 Collective, offers equity and non-dilutive capital up to a total of $500,000, enabling founders to scale their ventures across the continent.

54 Collective, the venture capital firm formerly known as Founders Factory Africa, announced its rebranding a few days ago. With that move, the company said it was evolving its business model to better support transformative technology ventures across the continent through catalytic capital and value-added support through its Venture Success Platform.

This unique combination of significant funding and comprehensive support distinguishes 54 Collective as the only Venture Capital firm in Africa offering early-stage founders with the highest amount of catalytic capital and support from the largest Africa-based venture capital team with over 70 staff members in Kenya, South Africa, Nigeria and the UK.

By Ejike Kanife
Full story at Technext 24.