Factor(e) Venture Studio
There are exceptional entrepreneurs and talent across Africa that can deliver scalable solutions to development challenges across the continent. These businesses often lack access to the resources and support needed to scale their ventures and grow their impact.
This is one of the main reasons that ROOM member Lyndsay Handler, together with other experts from diverse industries, is starting a venture studio in partnership with Factor[e] Ventures. The main focus of this studio will be to help entrepreneurs on the continent to build and grow their startups by providing the initial team, strategic direction and capital for the business to reach product-market fit. These new businesses will be at the forefront of creating solutions in the energy, agriculture and mobility sectors.
The team from Factor[e] will be hosting a webinar and information session in partnership with The ROOM on 19th July 2022 starting at 4:00 pm GMT / 7:00 pm EAT. They will engage with other members of The ROOM community and discuss why it is important to invest in technology to build high-impact ventures that address the greatest climate and income inequality challenges in Africa.
If you are an entrepreneur, work at an early-stage business, or are interested in African development and mitigating climate change, then you cannot afford to miss this event. Register now to book your spot and prepare to learn more about how the Factor[e] Venture studio plans to help spur development and positive change on the continent.
Lyndsay Handler is Partner and Chief Venture Builder at Factor[e] where she is launching the venture studio and expanding their investment platform. She was the CEO of Fenix International, a next-generation energy company based in Uganda, with teams in Zambia, Ivory Coast, China and Silicon Valley. Fenix’s mission is to improve the quality of life of its customers through inclusive energy and financial services and, to date, Fenix has delivered affordable solar power and other life-changing products to over 1,500,000 people across Africa. In 2018, ENGIE, the world’s largest independent electricity producer, acquired 100 percent of Fenix shares and aims to bring decarbonized, decentralized digital energy to over 20 million people.
Before joining Fenix, Lyndsay spent ten years growing social enterprises on the ground in rural East Africa in the fields of renewable energy and microfinance. Lyndsay studied International Relations at Stanford University and is the recipient of the Stanford Haas Center for Public Service Fellowship and the MTN Outstanding Women in Innovation Award.
Terry is Factor[e] first Venture Co-Founder working to build its first venture. Terry has over 10 years of experience building businesses and products in the energy, software and FMCG sectors in Africa. In the clean energy sector, Terry led teams to create innovative products and platforms to scale ethanol, LPG, and pay-go solar businesses. As an entrepreneur, Terry built a mobile games studio and a natural cosmetics company in Uganda.
Theodore is Factor[e]’s Founder Finder, identifying the 3-5 co-founders we will build new ventures with each year.
Theodore is passionate about transforming Africa by helping leaders to build dynamic institutions and cultures that can outlast them. Over the past decade, he’s worked with African Leadership Group to develop 3 million ethical and entrepreneurial leaders through its high school, universities, and corporate training programs. Theodore shares his experiences in change management, strategy and business operations as an advisor to founders in diverse industries, and VCs investing in Africa.