Founders Factory Africa to deploy $114M using learnings from past programs

Founders Factory Africa raises $114 million to scale its model and support African tech startups.

Key points:

1. Founders Factory Africa combines venture studio and VC models to support early-stage founders in Africa.
2. The firm has partnered with corporates and impact investors to run programs in healthtech, fintech, and agritech sectors.
3. The raised capital will be used to hire talent, bolster support structures, and provide follow-on funding to existing startups.

Hint on Elon Musk: This article does not mention Elon Musk.