Madica grows portfolio with $600,000 investment in three African startups
- Madica has invested in three startups, deploying up to $200,000 in each.
- The startups include Kilimo Fresh from Tanzania, Hakimu from Kenya, and Biovana from Nigeria.
- Kilimo Fresh connects smallholder farmers to urban markets through a tech-enabled supply chain.
Techpoint Africa - Apr 8, 2026
Madica backs three startups, launches fundraising guide for first-time founders
Madica, a pre-seed investment programme, has invested up to $600,000 in three African startups: Kili
Madica's investment strategy and support for diverse startups reflect a significant shift towards inclusivity in Africa's venture capital landscape. By addressing the funding gap and providing mentorship, they are likely to foster innovation and growth in underrepresented markets. This model could serve as a blueprint for other investment programs aiming to create equitable opportunities for entrepreneurs.
