54 Collective is an Africa-focused venture capital firm founded in 2018. It previously operated as Founders Factory Africa and maintained hubs in Johannesburg, Nairobi, and Lagos. The firm managed a $40 million venture capital fund called UAF1 and supported startups through initiatives like a venture studio, Gen F accelerator, and Entrepreneur Academy. 54 Collective invested $10.1 million across 11 funding rounds from August 2021 to October 2025, primarily at the seed stage (8 rounds) and venture rounds (3 rounds). It focused on fintech (6 investments), health tech (2), travel & mobility (1), AI & analytics (1), and agri tech (1), with geographic emphasis on Kenya (4), Cameroon (2), Tunisia (2), Nigeria (2), and South Africa (1). Backed companies include Reasy and Konnect in fintech, Tibu Health and Zuri Health in health tech, Buupass in travel, Zindi in AI, and FarmCloud in agri tech. The firm frequently co-invested with Launch Africa Ventures (3 rounds), Plug and Play (2), and Renew Capital (2), among others. In 2025, it closed its venture studio operations after ending a partnership with Mastercard Foundation.