Pan-African investor Madica backs five pre-seed startups across Nigeria, Cameroon, Algeria, and Egypt with up to $200,000 each.
TL;DR
Madica, an early-stage investment programme affiliated with Flourish Ventures, has announced five new startup investments across four African markets.
Each startup will receive up to $200,000 in funding and join Madica's 18-month program providing mentorship, executive coaching, and investor network access.
The selected startups include ChipMango (Nigeria), Paysika (Cameroon), Talenteo (Algeria), and Delta Oil and Bekia (Egypt).
Intelligence
These transactions mark Madica's first-ever institutional investments in Algeria and Cameroon, focusing on venture capital-starved ecosystems.
Madica's expansion into Cameroon and Algeria signals a growing institutional appetite to back early-stage African tech outside traditional hubs like Nigeria and Egypt.
These pre-seed injections will help local innovators build foundation-level digital infrastructure in Francophone HR and Central African digital banking.
This funding model serves as a critical proof-of-concept for unlocking venture capital in historically overlooked African markets.
15 companies and people in this story have tracked profiles.
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