Founders Factory

Founders Factory is a prominent startup accelerator and venture studio that partners with entrepreneurs and corporates to build and scale technology startups globally. Established in 2015, it focuses on reducing the risks associated with startup development by providing capital, operational support, and access to established corporate networks. The firm has created a diverse portfolio of over 200 tech companies, including more than 35 startups developed from inception within its Venture Studio. In Africa, Founders Factory Africa, founded in 2018, specifically targets investments in sectors such as health, energy, fintech, and education, emphasizing scale, technology, and social impact. In exchange for a seed investment and operational assistance, the firm acquires equity in the startups it supports, aiming to help them transition into viable and sustainable businesses.

Past deals in Africa

Winich Inc (Winich Farms)

Seed Round in 2022
At Winich Farms we are a technology-driven and agri-startup connecting farmers with access to finance, premium markets and passionate about ensuring global food security and democratising agricultural participation. We drive digital participation by crowdfunding through our online platforms, these we use to engage farmers with quality inputs, agricultural expertise, process automation, and machinery, with the promise of decent returns to our subscribers and the farmers at the end of each farming cycle. In addition to this, utilizing our agro e-retail platform (web and app), we connect vicinity farmers with market (households) directly at farm gate price thereby reducing the activities of middlemen, making agro produce more affordable and easily accessible. One farmer at a time, our big vision is to build an Africa that feeds the world and itself. How do we plan to achieve this? Empower African Farmers by lowering barriers to accessing Capital and financial services, data driven best practices and technology to improve yield as well as access to local and global markets for their produce with established offtaker relationships like Flour Mills of Nigeria, Dangote Foods, Labana Rice, Big Bull Rice etc Backed by Orange Corners we are on a mission to create a prosperous and economically resilient Africa powered by Agriculture.

Asaak

Series A in 2022
Asaak Financial Services Limited is a Uganda-based company founded in 2016 that operates a platform designed to connect borrowers with lenders. The platform primarily focuses on providing micro financing to clients who require funds to grow their businesses. By facilitating these financial transactions, Asaak aims to enhance access to capital for individuals and small enterprises in emerging markets, thereby contributing to economic development in the region.

OkHi

Seed Round in 2022
OkHi Limited, founded in 2014 and based in Nairobi, Kenya, develops a digital addressing system designed to address the challenges of inadequate physical address systems in emerging markets. By creating a reliable method for identifying locations, OkHi aims to enhance logistics, thereby facilitating commerce. The system also seeks to improve emergency services, potentially saving lives by enabling quicker response times. Additionally, OkHi’s addressing solution supports better personal identification, contributing to increased access to financial services. Through its innovative approach, the company addresses crucial needs in both urban and rural settings.

OkHi

Seed Round in 2022
OkHi Limited, founded in 2014 and based in Nairobi, Kenya, develops a digital addressing system designed to address the challenges of inadequate physical address systems in emerging markets. By creating a reliable method for identifying locations, OkHi aims to enhance logistics, thereby facilitating commerce. The system also seeks to improve emergency services, potentially saving lives by enabling quicker response times. Additionally, OkHi’s addressing solution supports better personal identification, contributing to increased access to financial services. Through its innovative approach, the company addresses crucial needs in both urban and rural settings.

Synnefa

Pre Seed Round in 2021
Illuminum Greenhouses is an Agri-Tech greenhouse and drip installation company in Kenya working with smallholder farmers to improve productivity and increase efficiency through the use of new modern technologies while bundling up other services to ensure smallholder farmers access a turn key solution.

Zindi

Seed Round in 2021
Zindi is a data science competition platform based in Africa that fosters a collaborative ecosystem of scientists, engineers, academics, companies, NGOs, and government institutions. The platform is dedicated to addressing Africa's pressing challenges by enabling organizations to create and manage data-driven competitions. Zindi's approach allows participants to develop innovative solutions, which are then evaluated based on their accuracy. This structure not only facilitates the exploration of data science for newcomers but also assists organizations in tackling complex business problems through cost-effective means. By connecting various stakeholders, Zindi aims to push the boundaries of creativity and problem-solving in the data science field across the continent.

My 1Health

Seed Round in 2021
My Health Africa allows users to book doctors for consultation offline as well as video consultation with specialists.

Redbird

Seed Round in 2021
Millions of Africans live with chronic diseases without a convenient way to manage their health. And every year, millions more develop chronic disease – at a rate of two times the world average. Unlike those with acute disease, chronic disease patients require not just treatment, but also lifelong health monitoring to remain healthy and productive. African chronic diseases patients need a convenient way to manage their conditions, and the current, top-down approach to healthcare cannot cope. That’s where we come in. At Redbird, we supply pharmacies with everything they need to offer rapid diagnostic services for chronic disease, helping them to solve this need by establishing them as the most convenient place for patients to manage their health.

Wella Health

Seed Round in 2020
Wellahealth is a startup that has developed a digital triage bot that provides guidance based on Nigeria Centre for Disease Control guidelines and logs responses for follow up by public health as needed.

Redbird

Seed Round in 2020
Millions of Africans live with chronic diseases without a convenient way to manage their health. And every year, millions more develop chronic disease – at a rate of two times the world average. Unlike those with acute disease, chronic disease patients require not just treatment, but also lifelong health monitoring to remain healthy and productive. African chronic diseases patients need a convenient way to manage their conditions, and the current, top-down approach to healthcare cannot cope. That’s where we come in. At Redbird, we supply pharmacies with everything they need to offer rapid diagnostic services for chronic disease, helping them to solve this need by establishing them as the most convenient place for patients to manage their health.

Bwala

Pre Seed Round in 2020
Bwala Africa Group Limited operates a last mile crowd sourcing order fulfillment network to connect fleet operators with manufacturers, vendors, and e-commerce companies to position products closer to end customers for order-to-delivery end to end experience. Its services include Bwala Prime, a B2B Shipment service for manufacturers/distributors, and fulfills orders at the SKU level to a retailer; Bwala Express, a B2C shipment service for vendors and retailers to ship door to door to various end users; and Masaa ya Bwala, a same day direct courier service between two parties. The company also operates an app and web platform where users can access products via a catalogue and place orders. Bwala Africa Group Limited was founded in 2017 and is based in Nairobi, Kenya.

Akili Labs

Seed Round in 2020
Akili Labs (Pty) Ltd, a biomedical company, manufactures the medical diagnostic devices. The company provides Field Lab, a laboratory device that provides access to medical professionals, veterinarians, farmers, and students to perform diagnostic tests. It provides testing for viruses, bacterial, and fungal infections. Akili Labs (Pty) Ltd was incorporated in 2019 and is based in Pretoria, South Africa.

Hello Tractor

Grant in 2019
Hello Tractor is an award winning agtech social enterprise that focuses on connecting tractor owners and smallholder farmers in Sub-Saharan Africa through a farm equipment sharing application. We have over the years emerged as the leading provider of technology solutions designed for the tractor services market, capturing 75% of private commercial tractor inflows to Nigeria, expanding to a total of 16 markets across the continent as well as reaching well over 500,000 smallholder farmers.

Allpro Technologies

Pre Seed Round in 2019
Allpro Technologies Limited develops and operates an online platform for schools in Nigeria. The platform offers revenue collection, generates payslips, and allows schools to meet lenders. The company was incorporated in 2017 and is headquartered in Lagos, Nigeria.

LipaLater

Pre Seed Round in 2019
Lipa Later is a facility that provides electronic loans, business loans, and salary loans to individuals and businesses in the low to middle income bracket in Kenya. The company is based in Nairobi, Kenya.

Digest Africa

Pre Seed Round in 2019
Digest Africa Technologies Ltd is an online media and research company based in Kampala, Uganda, founded in 2017. It provides a platform for investors and corporates to access verified and real-time news about Africa’s early-stage technology companies. The company aims to organize and disseminate comprehensive information about the continent's startup ecosystem, including data on over 1,000 early-stage tech companies, 250 active investors, and more than 50 accelerators. Digest Africa has documented over 2,000 funding and merger and acquisition deals worth more than $2.5 billion. By accurately reporting on daily activities within the technology sector, the company aggregates and publishes data that aids investors in making informed decisions regarding their investments in Africa.