Immediately, main African enterprise capital agency, Founders Manufacturing facility Africa (FFA), has introduced its rebrand and identify change to 54 Collective (https://54Collective.VC/), evolving its enterprise mannequin to higher help transformative know-how ventures throughout the continent by catalytic capital and value-add help by its Enterprise Success Platform.
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54 Collective, builds on its distinctive observe report of investing in and scaling early-stage ventures in Africa. The brand new identify, 54 Collective, displays the agency’s formidable pan-African imaginative and prescient, aspiring to assist entrepreneurs develop their companies to serve all 54 African international locations.
The agency is a commercial-first investor and embeds impression in all the things it does. 54 Collective invests in ventures from thought to Pre-Sequence A stage by providing catalytic capital, and value-add help by its Enterprise Success Platform.
“Our catalytic capital and value-add help to founders, by our Enterprise Success Platform, signifies our evolution and ongoing mission to help entrepreneurs throughout Africa and allow them to construct with out boundaries to drive business and impression returns. Our identify change to 54 Collective communicates our continued dedication to African founders. We’re extra supportive than ever of unlocking alternatives for entrepreneurs and making certain a degree taking part in subject for youth and girls founders,” commented 54 Collective CEO Bongani Sithole.
Funding technique
54 Collective, gives fairness and non-dilutive capital as much as a complete of $500k, enabling founders to scale their ventures throughout the continent. To interrupt obstacles of entry, feminine founders obtain a further $150k, to their male counterparts, within the type of a non-dilutive capital.
The Enterprise Success Platform is made up of a staff of extremely skilled enterprise specialists who present tailor-made help. That is within the type of product, progress, business relationships, enterprise technique, expertise, know-how and information to construct ventures for scale. The staff additionally ensures that founders have entry to the proper funding by making ready them for investor readiness, investor entry, fundraising methods, unlocking debt and impression capital. The Enterprise Success Platform empowers founders to succeed globally by facilitating networking and neighborhood constructing alternatives.
This distinctive mixture of great funding and complete help distinguishes 54 Collective as the one Enterprise Capital agency in Africa providing early-stage founders with the very best quantity of catalytic capital and help from the most important Africa-based enterprise capital staff with over 70 employees members in Kenya, South Africa, Nigeria and the UK.
The agency has advanced from investing solely within the Agtech, Fintech, and Healthtech sectors to being sector-agnostic in its investments, supporting extra founders throughout many sectors on the continent. 54 Collective helps founders navigate advanced challenges to realize business success and make an impression on the continent by financial progress and job creation.
In 2023, Founders Manufacturing facility Africa was named one of many prime enterprise capital traders in Africa, with an energetic portfolio of over 50 ventures throughout 10 international locations. To this point, the agency has supported greater than 70 ventures throughout Africa and helped its portfolio startups to boost almost $140 million in follow-on capital.
A way forward for empowerment
With seven of the world’s fastest-growing economies in Africa, the continent’s enterprise capital sector is quickly increasing, with $6 billion invested yearly. Nonetheless, this represents lower than 1 % of world enterprise funding, indicating a major unmet want for good capital.
“We’re pursuing opportunistic investments in numerous sectors throughout the continent the place there are uniquely massive alternatives for startups to scale and create sustainable impression in these sectors. Our objective is to spend money on 105 startups throughout Africa within the subsequent 5 years, enabling entrepreneurs to supply options to the continent’s greatest challenges and reworking lives and industries,” concluded Sithole.
The agency is nicely on its strategy to reaching a lot of its five-year objectives which vary from enhanced monetary inclusion, improved healthcare entry, and creating dignified and fulfilling work to making a gender ahead portfolio. 54 Collective is focusing on a portfolio the place 50% or extra of its startups are based by girls. Presently, from the 17 investments made between January 2023 and July 2024 in its portfolio, 45% of them are based by girls. The agency’s investments are additionally creating social financial impression within the wider economic system. For instance, Asaak, a automobile asset financing firm has improved monetary inclusion for over 11,000 bodaboda drivers. An impression examine uncovered that 79% of those drivers improved their high quality of life considerably and 80% elevated their earnings after receiving credit score from Asaak.
Talking on the importance of the model evolution and future ambitions, 54 Collective’s Government Chairman and UTOPIA CEO Roo Rogers mentioned, “54 Collective is a strong financial and social pressure within the African economic system. It’s anchored with robust roots on the continent and distinctive community and repute throughout the globe. Along with our sister funds, we proceed our mission to redistribute funding and data pathways in the direction of a extra inclusive, related, and equitable future for the International South.”
54 Collective’s imaginative and prescient is to create a future the place African entrepreneurship drives generational progress and prosperity throughout the continent. The agency’s new identify, catalytic capital, and value-add Enterprise Success Platform providing, marks a brand new period for the enterprise capital ecosystem. 54 Collective is redefining investing throughout Africa, enabling its founders to construct with out boundaries and clear up a few of Africa’s greatest challenges.
Distributed by APO Group on behalf of 54 Collective.
For extra data please contact:
Adam Wakefield – 54 Collective, Managing Editor
Tel: +27820490381
E mail: adam.wakefield@foundersfactory.co
OR
David Mbai
Tel: +254716811083
E mail: 54COmms@webershandwick.com
54 Collective social media handles:
Instagram: 54collective_vc
X: 54collective_vc
LinkedIn and Fb: 54 Collective VC
About 54 Collective:
54 Collective is a Enterprise Capital agency devoted to redefining investing throughout Africa. By providing catalytic capital and value-add tailor-made help by its Enterprise Success Platform, 54 Collective empowers entrepreneurs to construct with out boundaries. With a presence throughout Africa, 54 Collective leverages native experience to assist startups scale and obtain business success whereas creating systemic social and financial impression.
Be a part of us on this thrilling journey of remodeling Africa’s entrepreneurial panorama. For extra data, go to (https://54Collective.VC/) https://54Collective.VC/ and grow to be part of 54 Collective’s (https://54Collective.VC/) mission to assist early-stage African startups develop and thrive and ‘Construct with out Boundaries’ to empower Africa’s subsequent era of innovators and leaders.