|Targets||Africa, India, Latin America and the Caribbean|
Agritech, Clean technology and energy, EdTech, HealthTech, Renewable energy, Transport and logistics, Waste management and recycling, Water, sanitation and hygiene
We are seed-stage technology venture specialists
We are a team of impact venture builders dedicated to supporting the people and ideas that turn challenges in energy, agriculture, mobility, and waste into de-carbonized solutions for emerging and frontier markets. We support early-stage entrepreneurs through a unique blend of risk capital and world-class technical resources. We find, validate, fund, de-risk, and grow a rich pipeline of social ventures that aim to solve profound global problems.
At Factor[e] we fund a small number of early companies that we think will change the world for the better. We look for companies that have both a path to financial sustainability and a solution that will positively affect millions of people.
We specifically seek out companies that have solutions applicable for developing economies, especially in Sub-Saharan Africa, India, South Asia and Latin America, but we don’t mind if a company has additional business prospects in developed markets. Usually, the companies we fund are very early stage, but occasionally we will work with more mature companies to help them pivot from developed markets into developing ones.
Since our portfolio companies are typically very early stage, we have adopted a “high touch” model among our team of experts in order to guide, coach, and mentor our portfolio companies. We promise to do everything we can to help the entrepreneurs we work with be successful over a long term engagement that typically lasts a couple of years.
We usually make our investment as equity but are comfortable with convertible debt if it’s too early for a valuation and there’s a pathway to a priced round in a reasonable timeframe. We’re often the first investor to put money into a deal, but we’re happy to work with others and can lead or follow in a round.
Most of our companies have an innovative technology at the core of their solution. We are scientists, engineers and technologists at heart; so we’re happy to take on technology risk that might scare away other investors. We hope that most of the questions and risk around the technology will be addressed over the course of our investment.
Our definition of success is that our portfolio companies become sustainable, viable enterprises in their chosen fields. Factor[e]’s portfolio companies are renowned for their maturity and professional manner. Factor[e] promotes regular board meetings, organized corporate governance, and real financials. It’s that attention to detail, and the focus on developing the whole company solution, that sets Factor[e] apart.