Fundraising Fox

Madica

Accelerator

Pre-Seed · 13 people tracked

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Investment thesis

Madica invests in pre-seed-stage, mission-driven founders across Africa, aiming to close the structural gaps that hold back innovation and entrepreneurship on the continent. Each startup receives an investment of up to $200,000 plus 18 months of individualized (non-cohort) support including mentorship, executive coaching, peer learning, immersion trips, and access to global networks and investors. Target companies have an MVP, ideally some paying customers, have raised little or no institutional capital, operate in Africa, and are led by full-time local founders. By backing underrepresented and underfunded founders, Madica seeks to lower risk perception, attract more capital, and inspire more entrepreneurs.

Invests inSector AgnosticAfrica

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed
Check
$200K
Instruments
Equity
Founded
2022
Portfolio companies
15

Team · 13 people

from the firm's website

What they invest in

from 5 of 15 portfolio companies

Biotech ×2AgTech ×1AI & Machine Learning ×1Cleantech ×1Consumer ×1Data & Infrastructure ×1E-commerce ×1Energy ×1

HQs:Kenya×1South Africa×1

Portfolio companies · 15 tracked

alumni founders can tell you what the program is really like
Anavid
BioVana

Builds national health-data infrastructure across Africa, harmonizing biobank, registry, and clinical datasets into research-ready assets for discovery and precision medicine.

Biovanaresearchbiovanaresearch.comin

BioVana operates a secure, federated network (the BioVana Index) that makes African biobank data discoverable to global researchers without moving samples, and offers ISO 20387-compliant sample-tracking software (Sampletrack).

BiotechData & InfrastructureHealthtech

Daleela
Earthbond
GoBEBAgobeba.com𝕏

Beba is an EPRA-licensed LPG retailer that sources cooking gas directly from brands and delivers gas and drinking water on subscription.

ConsumerE-commerceEnergyLogistics & Supply Chain

Co-investorsDFS Lab

Hakimu
Hypeo
Kilimo Fresh
Kola Market
Medikea
Newform Foodsnewformfoods.comin

Newform Foods is a South African food technology company focused on food and biotech research, including cultivated meat and agri-innovation.

AgTechBiotechFoodTech

Co-investorsAnza CapitalBrincSustainable Food Ventures

Pixii Motorspixiimotors.com

Pixii Motors develops electric transportation products aimed at people who live, work, and move in urban environments.

CleantechHardwareMobility & Transportation

Toumtoum.ai

ToumAI builds a multilingual voice AI platform for customer experience teams, offering speech analytics, autonomous voice agents, and an SDK for adding voice interaction to applications.

AI & Machine LearningEnterprise SoftwareSaaS

ToumAI

AI-powered multilingual customer engagement platform using NLP and sentiment analysis to deliver personalized interactions across voice, text, and chat for African markets.

Frequently asked questions

How many investments has Madica made?
Madica has 15 tracked investments.
What stage does Madica invest at?
Madica invests at the Pre-Seed stage.
What is Madica's typical check size?
Madica typically writes checks of $200K.
What sectors does Madica focus on?
Madica focuses on Sector Agnostic.
Who does Madica co-invest with?
Madica most often shares deals with Anza Capital, Brinc, Sustainable Food Ventures, among 3 tracked co-investors.

Media · Podcasts & interviews

featuring the team

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