Why African venture capital must target local female entrepreneurs
Venture capital funding in Africa grew from $277 million in 2015 to $4.7 billion in 2023. Female-founded ventures attracted only 2.3% of total funding as of 2024.
Investment Program Madica Announces First Set Of African Tech Portfolio Companies
Madica, a structured investment program for pre-seed stage startups in Africa, has announced its first set of investments in three startups. Each startup received an investment of up to USD 200K and will receive 18 months of dedicated company-building support.
Three African startups secure $200,000 each as Madica announces first African investments
Madica has invested in three African startups: Kola Market, GoBEBA, and NewForm Foods. The selected startups will receive up to $200,000 and join Madica's investment programme.
Madica, a program by Flourish Ventures, steps up pre-seed investing in Africa
Madica plans to invest in up to 10 ventures by the end of the year. The program's initial investees include Kola Market, GoBEBA, and Newform Foods.
