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 West 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.

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.

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.