Madica Secures $6m From Flourish Ventures To Extend African Pre-Seed Investment Pilot

Madica raises $6m to back early-stage African startups overlooked by traditional investors

Madica, a structured pre-seed investment programme for African startups, has raised $6 million from Flourish Ventures to extend its investment pilot by three years. The fresh capital will fund between 25 and 30 additional early-stage companies across the continent, building on a three-year track record that has begun to challenge assumptions about where venture-scale businesses can emerge in Africa. Madica launched in 2022 to test whether founde…

Madica Lands $6M From Flourish Ventures To Back More African Startups At Pre-Seed Stage

Madica, a structured pre-seed investment program for African startups, today announced $6M in additional capital from Flourish Ventures to extend its investment pilot by three years. Building on lessons learned and early signs of traction across its portfolio, Madica will back 25-30 additional companies and deepen its company-building support for exceptional founders underserved by established […]

Flourish Ventures adds $6M to Madica’s pre-seed pilot

Madica has received $6 million from Flourish Ventures to extend its pilot by three years. The program will back 25 to 30 more African startups and track whether overlooked founders can deliver venture returns.

Madica Secures $6m From Flourish Ventures To Extend African Pre-Seed Investment Pilot

Madica, a structured pre-seed investment program for African startups, today announced $6M in additional capital from Flourish Ventures to extend its investment pilot by three years. Building on lessons learned and early signs of traction across its portfolio, Madica will back 25-30 additional companies and deepen its company-building support for exceptional founders underserved by established […]