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Since 2024, Madica has backed 8 African startups across 10 disclosed funding rounds totaling $2.3M, most heavily in Tunisia and AI & Analytics.
Madica is a structured investment program for pre-seed-stage companies in Africa and is affiliated with Flourish Ventures. The program was launched in 2022 and provides investment alongside an 18-month support program for founders. Madica invests in African startups at the pre-seed and seed stages. Its portfolio and recent investments show activity across AI and analytics, legal and compliance, health tech, travel and mobility, creator economy, quick commerce, and e-commerce and retail, with geographic focus in Tunisia, Kenya, Morocco, Egypt, Tanzania, and Ghana. Confirmed portfolio companies include Hakimu, Hypeo AI, Anavid, Pixii Motors, Motherbeing, Medikea, GoBEBA, and Kola Market.
Data updated · Aug 7, 2026
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Madica has backed 8 African startups across 10 disclosed funding rounds tracked on Liners, totaling $2.3M since 2024.
Mostly Seed: 5 of its 10 tracked rounds are at that stage, followed by Venture Round (4).
Its tracked rounds lean toward AI & Analytics (2), Travel & Mobility (2), Health Tech (2), and 4 more sectors.
Madica most often shares rounds with Go Big Partners (1 shared deal), DIDO (1 shared deal).
Madica is a structured investment program focused on pre-seed-stage companies in Africa. It is affiliated with Flourish Ventures and was launched in 2022.
Confirmed portfolio companies include Hakimu, Hypeo AI, Anavid, Pixii Motors, Motherbeing, Medikea, GoBEBA, and Kola Market. These companies cover legal tech, AI, health tech, mobility, logistics, and retail.