Factor[e] Ventures announced today the launch of Delta40, a new venture studio focussed on development and investment in technology-driven energy, agriculture, and mobility ventures led by diverse, experienced founders.
The Delta40 team will act as a co-founder, providing capital, fast product testing, technology brokering, early-stage commercialization, and working side-by-side with African founders and startups.
Delta40 has already secured early funding and strategic support from the Autodesk Foundation, the Global Energy Alliance for People and Planet (GEAPP), Wilson Sonisi, and government, private sector, and finance institutions.
Delta40’s unique approach is to leverage 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.
The Delta40 venture studio model aims to dramatically increase the speed and success of innovation from idea to scale to exit, by providing African entrepreneurs with the technology, talent, capital, and leadership support they need to build successful companies and thrive. Delta40 is already building six ventures led by experienced founders and is actively evaluating new founders and venture ideas.
Delta40 is led by Lyndsay Holley Handler, who brings two decades of leadership, operations, and startup experience growing ventures in 15 countries across the continent. Through Delta40, she aims to help other entrepreneurs scale their ventures with organic growth or strategic corporate partnerships and acquisitions.
Delta40 benefits from the support of Factor[e] Ventures, an organization of venture builders and pre-seed investors that collaborates on sourcing founders, developing theses, brokering technology, and providing a post-investment support platform that adds value to portfolio companies as they grow.
By investing in diverse founders and key sectors such as energy, agriculture, and mobility, Delta40 is committed to transforming the African startup ecosystem and improving lives, amplifying the entrepreneurial ecosystem, and protecting the planet for generations to come.
With its blend of operating experience in Africa, technology expertise, and commitment to investing in diverse founders, Delta40 aims to successfully accelerate African startups and their life-changing climate innovations.