Founders Factory Africa Closes $114 Million Round to Better Serve Founders in Africa
Source: Technext (link opens in a new window)
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Tuesday
August 15
2023
Founders Factory Africa, the South Africa-based venture capital firm that invests in early-stage startups, has closed a $114 million round, the firm said in a statement on Monday. Founders Factory said it will use the new funding to “scale its model to better serve founders across the African tech ecosystem.”
A huge chunk of the funding came from the Mastercard Foundation and the Johnson & Johnson Impact Ventures, an impact fund within the Johnson & Johnson Foundation, the Scottish foundation that focuses on improving healthcare solutions in developing countries.
Photo courtesy of Exchanges Photos.
Source: Technext (link opens in a new window)