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.
47% of their portfolio is in Fintech. Their most common stage is seed (47% of deals). Average disclosed round size is $3.9M (across 18 rounds with reported amounts).
Portfolio
17
Fund Size
$40M
Top Stage
Seed
Last 12 Mo
1
Team
Daniel Maison
Venture Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
19 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 REasy | Pre-Seed | $1.8M | Oct 2025 |
 Liquify | Seed | $1.5M | Jul 2025 |
 TUNL | Pre-Seed | $1M | Dec 2023 |
 Zanifu | Seed | $11.2M | Aug 2023 |
 BuuPass | Pre-Seed | $1.3M | Feb 2023 |
 MyCover.ai | Pre-Seed | $1.3M | Jan 2023 |
| Zanifu | Series A | $11.2M | Jan 2023 |
 Zazuu | Seed | $2M | Jul 2022 |
| AAyoken | Pre-Seed | $1.4M | May 2022 |
 Asaak | Series A | $30M | Jan 2022 |
 Redbird | Seed | $1.5M | Mar 2021 |
 KUDIGO | Seed | $450K | Apr 2019 |
 Logidoo | Seed | $1.6M | — |
 LocumBase | Growth | $40K | — |
 Tripplo | Seed | $1.8M | — |
 FoodLocker | Seed | — | — |
 Aya Data | Seed | $900K | — |
 BILLBOXX | Pre-Seed | $1.6M | — |
| KUDIGO | Unknown | $500K | — |
Top Co-Investors
Launch Africa Ventures6 shared
Variant2 shared
Beyond Capital Ventures2 shared
AAIC Investment2 shared
Techstars2 shared
E4E Africa1 shared
Resolute Ventures1 shared
500 Global1 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
Future Africa1 shared
Last updated: 20 October 2026