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

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 and Alina Truhina, the firm runs its model via programs in partnership with corporates and impact investors.
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