Fundraising Fox

Founders Factory Africa

Venture capital

Johannesburg · Pre-Seed–Seed · 43 people tracked

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Investment thesis

Founders Factory Africa backs and builds early-stage startups across the Pan-African ecosystem, with a core focus on FinTech and HealthTech while also supporting founders solving challenges in EdTech, AgriTech, logistics and other industries. The firm runs cohort-based programs and partners with corporates to provide portfolio startups with tools, capital and market access. Its stated aim is to create positive impact on the continent by unlocking opportunities for trade, job creation, knowledge transfer and shared economic prosperity, backing companies on the path to significant scale.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Seed
HQ
Johannesburg, ZA
Instruments
Equity
Tracked investments
48

Team · 43 people

from the firm's website
Bongani Sithole· Chief Executive Officerin
Adelaide Njoki Muthang'i· Investment Associatein
Amara Muoneke· Venture Design Leadin
Emmanuel Kelechukwu Ajah· Senior Growth Leadin
George Arnold· Strategic Growth Leadin
Kate Ovwighose· Growth Leadin
Malanee Hutton· Senior Director of Venture Designin
Ololade Odunsi· Portfolio Talent Leadin
Yunus Ibrahim· Junior Venture Builderin

What they invest in

from 28 of 48 portfolio companies

Fintech ×12Healthtech ×10AI & Machine Learning ×9B2B Marketplaces ×9Digital Health ×8SaaS ×7AgTech ×3Data & Infrastructure ×3

HQs:Nigeria×6Kenya×5United States×4South Africa×3United Kingdom×2United Arab Emirates×1

Who they back

founder profiles across 12 portfolio companies
50%
solo founders
6 of 12 mapped founding teams

Founding team size:solo founder×62 founders×6

Accelerator rootsportfolio companies that came through a program

Techstars ×3Y Combinator ×3

Investments · 48 tracked

founders shown can be your intro path

By year:2024 · 22021 · 24 dated

coinpanionaltify.appin𝕏✓ verified

Altify is a regulated investing platform offering access to alternative and traditional assets including private credit, tokenised stocks, cryptocurrencies, crypto bundles, commodities, stablecoins, structured products, and pre-IPO stocks.

AI & Machine LearningCrypto & Web3FintechLondon, GB

Sean Sanders(CEO & Founder)in

Co-investorsAdaverseCalm/Storm VCCoastCapCV VCHansmann Family Office

Asaakasaak.com𝕏

Asaak provides financing solutions for small and medium enterprises in Africa, with a focus on vehicle financing for ride-hailing and logistics operators.

B2B MarketplacesFintech

Kaivan SattarinTitus Opesen

Co-investors500 GlobalHOF CapitalResolute VenturesSur VenturesWhite Paper Capital

Baia

Tracks and traces assets, people and value by notarising transactions via messaging to drive social commerce and supply chain visibility.

Edaiedai.africa
Envisionit
Envisionit Deep AIenvisionit.aiin

Envisionit Deep AI builds RATIFY, a vendor-agnostic AI assurance platform for radiology that validates and monitors third-party healthcare AI tools in real time, tracking model drift, human–AI interaction, and performance.

AI & Machine LearningDigital HealthHealthtech

Jaishree Naidoo(Co-Founder & CEO)

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Floatpays Incfloatpays.comin𝕏

FloatPays is a financial services provider offering credit and payments solutions, regulated in South Africa as a financial intermediary and payments provider.

FintechHR TechSaaSCape Town, ZA

Simon Ward(Founder)in

Co-investors4DX VenturesFINCA VenturesThe Raba PartnershipY Combinator

FoodLockerfoodlocker.com.ng𝕏

A food delivery service operating in Nigeria that delivers to residential and commercial areas across Lagos and Ibadan.

E-commerceFoodTechLagos, NG

HealthDarthealthdart.co.za
Infiuss

Technology platform expanding underrepresented access to clinical trials, starting in West Africa.

Co-investorsEmmeline Ventures

Infiuss Healthinfiuss.comin𝕏

Infiuss Health operates a decentralized clinical research platform that connects pharmaceutical sponsors with patient participants, physicians, and hospitals to conduct remote or hybrid clinical trials.

AI & Machine LearningDigital HealthEnterprise SoftwareHealthtechMarketplacesMedical DevicesSaaSSan Francisco, US

Melissa Bime(Founder)in

Co-investorsEmmeline VenturesEvolution VenturesNairobi Business Angel NetworkRising Tide Africa (RTA)UM6P VenturesY Combinator

Isidoreagricisidoreagric.co
KudiGokudigo.com

E-commerce enablement technologies digitising informal merchant operations for online and offline SMME transactions.

Locum Baselocumbase.com

Co-investorsJozi Angels

Logistics Buupass Kenyabuupass.com

Co-investorsAdaverseAjim CapitalFresco CapitalHoaQNairobi Business Angel Network

MVX

End-to-end maritime logistics and financing platform offering freight forwarding, customs, trade finance and haulage.

Mvxfreightmvxfreight.com

Co-investorsOui Capital

My 1Healthmy1health.comin𝕏

My 1Health is a medical tourism platform that connects international patients with accredited hospitals and specialists worldwide for specialized treatments not available in their home countries.

B2B MarketplacesDigital HealthHealthtechDubai, AE

Neopendaneopenda.comin𝕏

Neopenda develops health-technology devices for neonatal care in emerging markets, specifically serving healthcare facilities in underserved populations.

BiotechFintechHealthtechImpact & Social GoodIoTMedical DevicesChicago, US

Sona Shah(CEO and Founder)Teresa Cauvel(CTO and Founder)

BoardZachary Seaverns(Director)

Co-investorsConnetic VenturesTechstarsVillgro Africa

OkHiokhi.comin𝕏

OkHi provides AI-powered digital address verification that businesses integrate into their mobile apps to capture and verify where customers live.

AI & Machine LearningFintechSaaSNairobi, KE

Timbo Drayson(Founder)

Co-investorsBetatron Venture GroupCV VCGarage CapitalLava Ventures Ltd.Mo AngelsOui Capital+1 more

PBP

B2B ethical sourcing marketplace connecting artisanal producers in emerging markets to international buyers.

Pneumapneuma.carein𝕏

Pneuma provides a digital-first primary care and care coordination platform that connects patients with licensed doctors and healthcare services across Nigeria.

Digital HealthHealthtechSaaSNigeria, NG

Poweredbypeoplepoweredbypeople.comin

Powered by People operates a commerce platform that helps independent and maker-made brands optimize product data and list with 100+ retailers, marketplaces, and AI search surfaces.

B2B MarketplacesE-commerceRetail Tech

Alison Phillips(Co-Founder)Hedvig Alexander(Co-Founder)

Quikkquikk.dev

Quikk is an integration partner that helps businesses and developers connect to financial providers and digital services across Africa through APIs, offering technical support and guidance to speed up integration cycles.

Data & InfrastructureDeveloper ToolsFintech

Rendarenda.coin𝕏May 2024 · $1.9M

Renda provides technology solutions for logistics and mobility businesses operating in emerging markets, enabling operational optimization and expansion across Africa, including Nigeria, Kenya, Uganda, Rwanda, and Tanzania.

B2B MarketplacesLogistics & Supply ChainMobility & TransportationSaaSLagos, NG

Damilola Owoeye(SVP, Fulfilment & Value-Added Services)in

Co-investorsIngressive CapitalReflect VenturesTechstarsMAGIC FundVastly Valuable Ventures

Revixrevix.com

Revix was a cryptocurrency investment platform that offered crypto trading and automated investing features; it merged with Coinpanion and Bitfund in December 2023 to form Altify.

Crypto & Web3FintechCape Town, ZA

Rural Farmers Hubruralfarmershub.comin𝕏

Rural Farmers Hub provides digital agriculture services for medium-to-large farm operations, using satellite data and cloud-based analysis to assess crop health, soil nutrients, and soil moisture and deliver precision farming advice.

AgTechAI & Machine LearningClimate TechData & Infrastructure

Co-investorsCo-Creation Hub (CcHUB)

RxAllrxall.netin𝕏Apr 2021

RxAll uses testing technology to detect counterfeit and substandard medicines, helping healthcare companies, pharmacies, and patients access verified high-quality drugs.

Digital HealthFintechHealthtechNew Haven, US

Adebayo Alonge(Founder & CEO)inAmy Kao(Co-Founder & CMO)in

BoardDuncan Turner(Director)in

Co-investorsLoftyInc CapitalSOSVHAXLaunch Africa Ventures

Schoolableschoolable.co𝕏

Schoolable provides tuition financing for parents and fee collection services for private K-12 schools in Africa, allowing schools to receive a large portion of expected tuition within weeks of term start while parents repay in monthly installments.

EdTechLagos, NG

Henry Nnalue(Founder/CEO)inAngela Essien(Founder)in

Co-investorsMicrotractionTimon CapitalY CombinatorMusha Ventures

Shamba Prideshambapride.com

Co-investorsOpes Impact Fund

Synnefasynnefa.ioin𝕏

Synnefa builds IoT-enabled smart solar dryers and related farm management software for smallholder farmers in Africa.

AgTechHardwareIoTNairobi, KE

Tibu Healthtibu.africain

Co-investorsBlue Haven Initiative

Tripplotripplo.co

End-to-end logistics platform connecting cargo owners to tech-enabled transporters, with a white-label fleet marketplace.

Truzotruzo.comin𝕏

Truzo is an independent, FSCA-regulated escrow payment platform that lets buyers and sellers transact securely across devices, with compliance checks on users and a multi-currency option.

FintechSaaSLondon, GB

TUNLtunl.toinAug 2024

TUNL provides discounted international shipping for South African e-commerce brands, offering reduced FedEx, UPS, and TUNL Economy rates to 155 countries.

E-commerceLogistics & Supply ChainSaaSNew York, US

Craig Lowman(Founder)inDebasish Kundu(Founder)Ashley Champ(Executive Officer)Robert Meyers(Executive Officer)

Co-investorsE4E AfricaODBAJozi Angels

Viebegviebeg.comin𝕏

VIEBEG operates a data- and AI-driven health intelligence platform that connects medical suppliers with hospitals, clinics, and pharmacies for procurement, and offers diagnostics, disease burden forecasting, asset management, and equipment financing (including BNPL).

AI & Machine LearningB2B MarketplacesHealthtech

Co-investorsAngaza CapitalBeyond CapitalBeyond Capital VenturesCapria VenturesSave the Children Global Ventures

Vitruvian

Proprietary hardware and software enabling affordable digital pathology with a device that captures and annotates microscope images.

Vitruvian Mdvitruvianmd.com

VitruvianMD is building an AI-based fertility group that applies artificial intelligence to digitize the IVF process, targeting infertility treatment for clinics and couples.

AI & Machine LearningFemTechHealthtech

Co-investorsVerge HealthTech Fund

Waziwazi.co

Wazi provides online therapy services via video and audio calls, connecting clients with certified Kenyan therapists at a flat rate of 2500.

Digital HealthMental HealthWellness & FitnessNairobi, KE

Wella Healthwellahealth.comin𝕏

Wellahealth provides healthcare services and solutions aimed at improving access to quality healthcare across Africa.

AI & Machine LearningB2B MarketplacesDigital HealthFintechHealthtechInsurTechGarki, NG

Co-investorsTechstarsVestedWorld

Winich Farmswinichfarms.comin

Winichfarms operates a digital platform that provides storage facilities, fair-price marketplace access, and low-interest credit services for farmers.

AgTechB2B MarketplacesFintech

Riches Attai(Founder)in

Co-investorsAcasia VenturesCairo Angels Syndicate FundExpert DOJOSahel Capital

Zanifuzanifu.com

Zanifu provides inventory financing to small retailers, wholesalers, and distributors, letting them procure stock from suppliers and pay after selling while suppliers are paid in real time, with no collateral or credit history required.

B2B MarketplacesFintechRetail TechNairobi, KE

Co-investorsBeyond Capital VenturesSaviu VenturesYango Ventures

Zazuuzazuu.co

Co-investorsODBA

Zindizindi.africainOct 2021

Zindi is a professional network and AI challenge platform where data scientists and AI builders compete on practical machine learning challenges developed with businesses, NGOs, and governments.

AI & Machine LearningB2B MarketplacesData & InfrastructureEdTechFuture of WorkImpact & Social GoodEbene, ZA

Ekow Duker(Executive Officer, Director)Celina Lee(Executive Officer, Director)Karim Beguir(Director)

BoardDan Zigmond(Director)in

Co-investorsMo AngelsSHAKTICompound

Zurizuri.healthin𝕏

Zuri Health provides on-demand healthcare services including virtual consultations, medication delivery, lab tests, and home doctor visits via mobile app and WhatsApp.

Digital HealthHealthtechNairobi, KE

Co-investorsUM6P Ventures

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Founders Factory Africa made?
Founders Factory Africa has 47 tracked investments.
What stage does Founders Factory Africa invest at?
Founders Factory Africa invests at the Pre-Seed, Seed stages.
What sectors does Founders Factory Africa focus on?
Founders Factory Africa focuses on AgTech, EdTech, Fintech, Healthtech, Logistics & Supply Chain, Sector Agnostic.
Where is Founders Factory Africa located?
Founders Factory Africa is headquartered in Johannesburg, ZA.
Who does Founders Factory Africa co-invest with?
Founders Factory Africa most often shares deals with Techstars, Y Combinator, Beyond Capital Ventures, among 54 tracked co-investors.

Images

Founders Factory Africa photo

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