Madica Adds Two New AI Startups, Partners With ABAN to Boost Investment Flow
- Madica has invested in two new startups: Anavid from Tunisia and Hypeo AI from Morocco.
- Each startup will receive up to $200,000 and participate in an 18-month mentorship program.
- Anavid is an AI-powered platform that helps detect shoplifting and improve retail experiences.
Tech In Africa - Oct 20, 2025
Madica Invests Up to $200K in AI Startups Anavid (Tunisia) and Hypeo AI (Morocco)
Madica, an Africa-focused investment program, has announced new investments in two AI startups, Anav
Madica's initiative to support underrepresented founders in Africa is commendable and could significantly impact the startup ecosystem by fostering innovation and inclusivity. The partnership with ABAN is a strategic move that may enhance funding opportunities for startups, but it will be crucial to monitor the effectiveness of these efforts in reaching diverse regions and sectors.
