54 Collective, formerly an accelerator, has officially rebranded as a venture capital firm, marking a significant milestone in its support for African entrepreneurs.
The move solidifies the firm’s position as a leading force in the African venture capital landscape, leveraging its expertise and networks to help early-stage startups thrive.
Since its inception, 54 Collective has made a substantial impact on the Kenyan startup ecosystem. The firm has deployed nearly $6 million to Kenyan entrepreneurs since 2018, highlighting its commitment to the country’s burgeoning tech scene. Kenya’s thriving tech environment, strong infrastructure, supportive government policies, and skilled talent pool make it a fertile ground for innovation and entrepreneurial success.
Several Kenyan startups have already benefited from 54 Collective’s support. BuuPass, a digital ticketing platform for inter-city transport, has experienced rapid growth since joining the firm’s portfolio.
Similarly, Powered by People (PBP), a B2B platform connecting makers with buyers, has facilitated over 100,000 orders and expanded its reach to multiple markets.
54 Collective is also dedicated to empowering aspiring entrepreneurs through its Entrepreneur Academy. The academy offers programs designed to help entrepreneurs turn ideas into businesses and accelerate their growth.
54 Collective is making entrepreneurship more accessible and creating jobs across Africa.
To further support Kenyan startups, 54 Collective offers equity funding of up to $250,000 and low-interest loans of up to $150,000. Women founders can also receive even lower interest rate loans.
This financial support, combined with 54 Collective’s strategic guidance and network, provides startups with the resources they need to scale and succeed.
