A venture capital firm that invests in startups outside Africa's major hubs, emphasizing tailored support and governance.
Madica Secures $6 Million from Flourish Ventures to Back 30 More African Startups
Madica has secured $6 million in additional funding from Flourish Ventures. The new capital will allow Madica to invest in 25 to 30 additional startups.
Madica gets US$6m from Flourish Ventures to back more African startups
Madica has secured an additional US$6 million from Flourish Ventures. The funding will extend Madica's pre-seed investment program by three years.
Flourish Ventures invests fresh $6 million in Madica’s startup programme
Madica has received $6 million from Flourish Ventures to invest in African startups. Each startup will receive up to $200,000 along with 18 months of mentorship and support.
Madica Expands to Algeria and Cameroon, Adds Five Startups to Portfolio
Madica announced five new investments in Algeria and Cameroon, expanding its portfolio to 18 companies across 10 African markets. Talenteo, an HR and payroll platform for Francophone Africa, received funding from Madica.
Madica Expands Portfolio With $600K Investment in Three Startups
Madica has launched a pre-seed investment program to address the geography problem in African venture capital. The firm announced $600,000 in investments across three startups: Kilimo Fresh, Hakimu, and Biovana.
