Madica Secures Significant Funding to Support African Startups
Madica has received additional funding to enhance its investment efforts in African startups, focusing on underserved founders.
1 min read
Investment Expansion
Madica, an Africa-focused pre-seed investment programme, has secured additional funding to extend its investment pilot. The programme aims to support more startups and enhance its company-building efforts for underserved founders across the continent. This funding will enable Madica to back 25-30 additional startups, furthering its mission to empower majority African-owned businesses.
Portfolio Growth
Since its inception, Madica has invested in numerous startups across various African countries and sectors. The programme, led by Emmanuel Adegboye, has seen its portfolio companies raise significant follow-on funding, demonstrating the effectiveness of its investment strategy. The focus on diverse sectors, including AI and climate tech, highlights Madica's commitment to fostering innovation in the region.
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