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Financial boost for African tech start-up ecosystem

Founders Factory Africa secures R2.1 billion in funding from Mastercard Foundation and Johnson & Johnson Impact Ventures.

Alina truhinaBongani sitholeNetcare groupStandard bank groupSmall foundationJohnson foundationMastercard foundationFounders factory africaFactory africaJohnson impact venturesFounders factoryAlina truhinaBongani sitholeOhnson amp johnson impact venturesSmall foundationMastercard foundation

Founders Factory raises $114 million to fund African startups

Founders Factory Africa, an African early-stage startup accelerator and venture studio, has raised $114 million to fund African startups.

South africaSouth africanSam sturmAlina truhinaStandard bankSmall foundationJohnson foundationMastercard foundationStandard bank groupNetcare groupFounders factory africaFactory africaJohnson impact venturesEast africaEnvisionit deepFresh source

Founders Factory gets Sh20 7bn to support more African start-ups

Founders Factory gets Sh20 7bn to support more African start-ups
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South africaNairobi areaSouth africanBongani sitholeAlina truhinaNetcare groupMastercard foundationStandard bank groupJohnson foundationSmall foundationStandard bankFounders factory africaJohnson impact venturesFactory africa

Founders Factory Africa Obtains $113M in Funding to Boost Tech Start-ups

Founders Factory Africa, the trailblazing African startup accelerator and venture studio, has amassed an additional US$ 113 million (R2.1-billion) in funding.

Sam sturmAlina truhinaBongani sitholeMastercard foundationSmall foundationStandard bankFactory africaFounders factory africaEnvisionit deepChief portfolio officer

South Africa is leading the rise of venture building in Africa

Venture studios are becoming a default matron and surrogate in many cases for early-stage companies in South Africa.

United kingdomWestern capeSouth africaCity ofUnited statesCape townSouth africanNicole dunnDavid saundersDaniel novitzkasKeet van zylTechcabal ephraim modiseJacques jordaanBrent hobermanEuropean unionStellenbosch university