Africa: Madica Expands Portfolio with $600K Investment in Three Startups

Africa: Madica expands portfolio with $600K investment in three startups

Established in 2022, Madica is an Africa-focused pre-seed investment program supporting underrepresented, mission-driven founders

Madica Invests $600k in Nigerian Data Startup Biovana, Two Others

By Adedapo Adesanya Madica, a structured investment programme for pre-seed African startups, has announced new investments totalling $600,000 in three tech-enabled startups, including Nigerian data startup, Biovana. According to the initiative, these investments further reinforce Madica’s commitment to supporting founders and startups often excluded from traditional venture funding. The other startups include Tanzania’s Kilimo Fresh […]

Madica Invests $600K in Kilimo Fresh, Hakimu & Biovana - Tech

Madica, a structured investment program targeted at pre-seed African startups, has announced new investments in three tech-enabled startups. The three startups include Kilimo Fresh, Hakimu, and Biovana. These investments further reinforce Madica’s commitment to supporting founders and startups often excluded from traditional venture funding. Each company has secured up to $200,000 in funding and will take part in Madica’s 18-month program. This …

Madica Invests USD 600 K In Three African Startups, Launches Fundraising Guide

Madica, an Africa-focused pre-seed investment program, has invested USD 600 K across three African startups: Kilimo Fresh (Tanzania), Hakimu (Kenya), and Biovana (Nigeria), deploying up to USD 200 K each. Launched in 2022 and led by Emmanuel Adegboye, Madica targets underrepresented founders through an 18-month program offering mentorship, coaching, and global immersion trips. The three startups in the new cohort span agritech, legal AI, and hea…

Madica invests $600K in Kilimo Fresh, Hakimu, Biovana pre-seed round

Madica, a San Francisco-based pre-seed investment program focused on African startups, has deployed $600,000 across three startups — Kilimo Fresh in Tanzania, Hakimu in Kenya, and Biovana in Nigeria. The investment, announced on April 8, brings Madica‘s total portfolio to 14 companies and its cumulative deployment to approximately $2.6 million since its 2022 launch. Each startup will join Madica’s 18-month program, which includes mentorship, coa…