News & Insights

Founders Factory Africa to deploy $114M using learnings from past programs

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This week, South African early-stage accelerator and investor Founders Factory Africa (FFA) raised $114 million. The firm plans to use the impact capital from Mastercard Foundation and Johnson & Johnson Impact Ventures “to scale its model to better serve founders across the African tech ecosystem.”

FFA combines venture studio and VC models, providing investment and hands-on support for early-stage founders building local solutions to local challenges. Founded in 2018 by Roo Rogers, Alina Truhina and Sam Sturm, the firm’s hybrid investment and venture-building model is backed by corporate and impact investment partners.