Flourish Ventures invests fresh $6 million in Madica’s startup programme
- Madica has received $6 million from Flourish Ventures to invest in African startups.
- Each startup will receive up to $200,000 along with 18 months of mentorship and support.
- Funding for African startups between $100,000 and $1 million fell by 44% from the second half of 2025 to the first half of 2026.
Madica's initiative to support startups outside the major African markets is commendable and could significantly impact the entrepreneurial landscape by diversifying funding sources. However, the challenge remains in ensuring that these startups can achieve sustainable growth and attract follow-on investments, which is crucial for their long-term success.
