Madica has announced a $600,000 investment in three African tech startups—Kilimo Fresh, Hakimu, and Biovana—each receiving up to $200,000 in pre-seed funding. The startups will join Madica’s 18-month support program, which provides mentorship, training, and access to global investors. Alongside these investments, Madica has launched a comprehensive fundraising guidebook designed to help first-time African founders successfully raise pre-seed capital and navigate the venture ecosystem.
Tag: Madica
Madica Expands Portfolio With Two New AI Startups
Madica, the structured investment program for pre-seed African startups, has expanded its portfolio with two new AI-powered companies—Anavid (Tunisia) and Hypeo AI (Morocco). Each receives up to $200,000 and joins Madica’s 18-month program offering mentorship, global exposure, and investor connections. Madica also announced a strategic partnership with the African Business Angel Network (ABAN) to boost local investment flow and co-investment opportunities across Africa’s innovation ecosystem.
Madica Welcomes New Startups to its Investment Program, Expands North African Footprint
Madica, a pre-seed investment program for African startups, has expanded its North African presence by welcoming new startups into its investment program.