Madica backs three startups, launches fundraising guide for first-time founders
- Madica has added three new startups to its portfolio, committing up to $600,000 in total funding.
- The selected startups are Kilimo Fresh, Hakimu, and Biovana, each receiving up to $200,000.
- The investment spans Tanzania, Kenya, and Nigeria, focusing on broadening access to early-stage capital.
Madica's commitment to investing in underfunded sectors and supporting diverse founders is commendable and could significantly impact the African startup ecosystem. However, the effectiveness of their support programme and the long-term success of the startups will be critical to monitor.
