Factor[e] Ventures has launched Delta40, a new venture studio aimed at developing and investing in technology-driven businesses in Africa. Delta40, led by seasoned entrepreneur Lyndsay Holley Handler, aims to connect African and female founders with technology, talent, funding, and leadership assistance to develop successful firms and prosper in Africa’s expanding tech industry. Delta40’s unique approach aims to fill the investment gap in critical areas such as energy, agriculture, and transportation by investing in and growing businesses that can drive innovation from idea to scale to exit. The studio’s goal is to establish diversified and sustainable businesses in critical industries to boost local incomes and tackle climate change. Africa is projected to have 40% of the world’s population by 2100, making the introduction of Delta40 a significant event that will drive the African tech industry and promote innovation to combat climate change while boosting local incomes.
Factor[e] Ventures Launches Delta40 to Drive African Tech Industry
Factor[e] Ventures has launched Delta40, a new venture studio aimed at developing and investing in technology-driven businesses in Africa. The studio aims to boost local incomes and tackle climate change through its unique approach that focuses on areas where investments are still lacking such as energy, agriculture, and transportation.
Delta40, led by seasoned entrepreneur Lyndsay Holley Handler, aims to connect African and female founders with technology, talent, funding, and leadership assistance. The goal is to help them develop successful firms and prosper in Africa’s expanding tech industry.
According to Morgan DeFoort, the co-founder of Factor[e] Ventures, investing in African start-ups and entrepreneurs is significant. DeFoort emphasized the importance of supporting local and diverse founders at the formation stage as they connect their technologies and markets. African tech start-ups raised a record $6.5 billion last year, but investments are still not as high as they should be in critical areas such as energy, agriculture, and transportation.
Delta40 aims to fill this gap by investing in and growing businesses that can drive innovation from idea to scale to exit. By doing so, the venture studio wants to establish diversified and sustainable businesses in critical industries.
Africa is projected to have 40% of the world’s population by 2100, making the introduction of Delta40 a crucial event. The studio aims to help entrepreneurs build their businesses through natural growth or strategic alliances and acquisitions with other businesses.
Jean Shia, the managing director of the Autodesk Foundation, is confident in Delta40’s ability to speed up African start-ups and their life-changing climate innovations. She believes that the studio’s mix of operating experience in Africa, technology expertise, and commitment to investing in diverse founders will successfully speed up African start-ups.
Delta40’s co-founder and managing partner, Lyndsay Holley Handler, wants to build a portfolio of transformative ventures across the continent that improve people’s lives, grow the entrepreneurial ecosystem, and protect the environment for future generations.
In conclusion, Delta40 is a big investment in Africa’s future. Its unique approach combines money, assistance from co-founders, and a promise to establish diversified, sustainable businesses in critical industries. Delta40’s launch is a significant event that aims to drive the African tech industry and promote innovation to combat climate change while boosting local incomes.
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