54 Collective to shut down venture studio operations in Africa amid strategic shift and funding challenges

54 Collective, previously known as Founders Factory Africa, is set to discontinue its venture studio operations in Africa following the conclusion of its partnership with the Mastercard Foundation on April 30, 2025. This decision, as indicated in an internal communication that has come to light, is anticipated to lead to layoffs within the organization. The … Continue reading 54 Collective to shut down venture studio operations in Africa amid strategic shift and funding challenges