Factor[e] Ventures has launched a new venture studio targeting tech startups in Africa. Known as Delta40, the studio aims to increase incomes and tackle climate change in Africa by building and investing in technology ventures.
Delta40 focuses on technology-driven energy, agriculture, and mobility ventures led by diverse, experienced founders.
In addition to capital, Delta40 acts as a co-founder, providing fast, iterative product testing, technology brokering, early-stage commercialization, and working side-by-side to increase the speed of venture building. Delta40 secured early funding and strategic support from Autodesk Foundation and the Global Energy Alliance for People and Planet (GEAPP), a collective action platform partnered with The Rockefeller Foundation, IKEA Foundation, and Bezos Earth Fund, leading climate tech law firm Wilson Sonisi, as well as government, private sector, and finance institutions.
Delta40 is led by Lyndsay Holley Handler who is the Co-Founder and Managing Partner. She brings two decades of leadership, operations and startup experience growing ventures in 15 countries across the continent.
Holley Handler previously led clean energy company Fenix International through pan-African expansion with MTN, which was acquired in 2018 by ENGIE, the French multinational utility company. Through Delta40, she aims to use her considerable knowledge to help other entrepreneurs scale their ventures with organic growth or strategic corporate partnerships and acquisitions.
“By 2100, 40% of the world’s population will live in Africa. This presents an incredible opportunity – and imperative – to invest in entrepreneurs on the ground developing life-changing climate innovations.’’ Holley said.
‘’We are launching the Delta40 Venture Studio to connect African and female founders with the technology, talent, capital and leadership support they need to build successful companies and thrive. Together with our founders, we aim to build a portfolio of transformative ventures across this important continent that improve lives, amplify the entrepreneurial ecosystem and protect the planet for generations to come.” she added.
Delta40 benefits from the support of Factor[e] Ventures, an organization of venture builders and pre-seed investors. They collaborate on sourcing Founders, developing theses, brokering technology, and providing a post-investment support platform that adds value to portfolio companies as they grow.
Delta40’s unique approach leverages the momentum of a record year for African tech startups, which raised a total of US$6.5B (+8% YoY). However, investment still lags in diverse Founders and key sectors such as energy, agriculture and mobility. This gap creates a favourable investment environment that is further strengthened by untapped tech talent resources, an increasingly friendly regulatory environment, and exponential population growth.
Delta40 is already building six ventures led by experienced Founders and is actively evaluating new Founders and venture ideas.
“After building Pan-African ventures for two decades, we are confident that the venture studio model can dramatically increase the speed and success of innovation from idea to scale to exit. We welcome entrepreneurs and other partners with a shared mission to build with us.” Holley said.