Madica secures $6 million from Flourish Ventures for African startups
Africa-focused pre-seed programme Madica has received a further $6 million from Flourish Ventures to extend its pilot by three years and back up to 30 more startups.
SUMO· the number puzzle
Dialo· learn languages by speaking
ediviewer· read EDI files like documents
giftdetect· the right gift in minutesMadica, a pre-seed investment programme focused on Africa, has secured an additional $6 million commitment from Flourish Ventures. The funding extends its investment pilot by three years and targets 25 to 30 more early-stage startups across the continent.
Launched in 2022 and led by Emmanuel Adegboye, Madica is sector-agnostic and affiliated with Flourish Ventures. It provides early-stage funding along with hands-on company-building support to African founders who are underserved by traditional venture capital networks.
Track record so far
To date, Madica has invested in 18 startups across 10 African countries and 12 sectors, including AI. The breadth of that portfolio reflects the programme's decision not to limit itself to a single industry or market.
Why it matters
Pre-seed capital remains hard to come by for many founders outside established startup hubs and investor networks. By combining small early cheques with operational support, Madica aims to help founders reach the stage where they can attract larger rounds.
The three-year extension gives the programme more time to test its model and broaden its portfolio. With room for up to 30 additional companies, it could more than double the number of startups it has backed since 2022.
Apps worth a look
SUMO: the number puzzleTap the right tiles, add them up, hit the target. Easy to learn, hard to master. Free, for all ages.
Dialo: learn languages by speakingTalk to an AI conversation partner; every sentence comes back corrected and explained in your language. 9 languages, A1 to C2.
ediviewer: read EDI files like documentsOpen EDIFACT and X12 messages, see every segment explained, convert to JSON/XML, export PDF and Excel. Runs locally, no upload.
giftdetect: the right gift in minutesPick who it is for, the occasion and their personality. The search engine reads product descriptions from local shops and ranks what fits. Free, no sign-up.
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