Founders Factory Africa, a Johannesburg-based venture builder, is calling on all African HealthTech startups to apply to its Venture Scale program and stand a chance to be part of its next cohort of HealthTech startups.
“If you’ve built a product and are in market but need an injection of tech, product, growth, marketing, partnerships/distribution or investment support (together with a cash investment) to scale to the next level, reach out to us,” the company announced.
Here Is What You Need To Know
- The scale program is designed for businesses who want to leverage the company’s team and partners to scale.
- Founders Factory Africa invests in seed stage technology businesses in the health and fintech sectors. These businesses should have: Strong founding team with relevant sector/industry knowledge or expertise; Product in market with user traction; Validated revenue model and customer pricing; Growth, marketing, partnership channels and strategy; Three (3) years financial model and unit economics; Minimum 6 months runway.
- The venture builder invests USD$300k in cash and services ($100k cash and $200k services).
- Launched in 2018 and headquartered in Johannesburg, South Africa, Founders Factory Africa is a team of creative builders, designers, entrepreneurs and mentors, who brings a wealth of knowledge and years of experience to the founders and teams it works with.
How To Apply
African healthTech startups interested in applying should click here.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer
Founders Factory Africa healthtech