54 Collective (formerly Founders Factory Africa) is a Johannesburg-based venture capital firm and venture studio investing in early-stage African startups. It shifted to a sector-agnostic strategy after its August 2024 rebrand, providing equity and non-dilutive capital up to $500k per venture.
56% of their portfolio is in Fintech. They made 2 investments in the last 12 months. Their most common stage is seed (44% of deals). Average disclosed round size is $5.7M (across 9 rounds with reported amounts).
Portfolio
9
Fund Size
$40M
Top Stage
Seed
Last 12 Mo
1
Team
AE
Aly El Shalakany
Managing Director
EW
Eunice Wambui
VC Investor
HP
Hetal Patel
Senior Investment & Portfolio Leader
SS
Sam Sturm
Venture Builder, Investor
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
9 investments
Top Co-Investors
Launch Africa Ventures4 shared
Variant1 shared
Beyond Capital Ventures1 shared
AAIC Investment1 shared
E4E Africa1 shared
Resolute Ventures1 shared
Social Capital1 shared
HOF Capital1 shared
Arthur Ventures1 shared
Frontline Ventures1 shared
Crew Capital1 shared
Five35 Ventures1 shared
Noemis Ventures1 shared
XRC Ventures1 shared
Max Ventures1 shared
Johnson & Johnson Innovation1 shared
Techstars1 shared
Future Africa1 shared
Ingressive Capital1 shared
Techmind1 shared
Last updated: 8 September 2026