Founders Factory Africa raises US$114M funding from Mastercard Foundation, Johnson & Johnson
Founders Factory Africa has secured an additional US$114 million in funding from Mastercard Foundation and Johnson & Johnson to scale its model to better serve founders across the African tech ecosystem. Founders Factory, which originally launched in London in 2015 and has already built more than 70 startups, launched African operations in Johannesburg in 2018, from where it plans to design, build and scale 140 disruptive tech startups across Africa.