Madica, an early-stage investment program, has invested a total of $600,000 across three African startups—Kilimo Fresh, Hakimu, and Biovana—as it expands efforts to support underrepresented founders on the continent.
Each startup will receive up to $200,000 in pre-seed funding and participate in Madica’s 18-month support program, which includes mentorship, executive coaching, and funded immersion trips to global and regional technology hubs.
Madica, launched in 2022, focuses on addressing structural gaps in Africa’s startup ecosystem, including limited access to capital, investor networks, and hands-on operational support.
The latest investments span key sectors such as agriculture, legal technology, and health data infrastructure.
Kilimo Fresh, based in Tanzania, operates a technology-enabled supply chain that connects smallholder farmers to urban markets, aiming to reduce food waste and improve income stability.
Kenya’s Hakimu is building AI-powered legal infrastructure designed to expand access to justice across Africa.
Meanwhile, Nigeria-based Biovana focuses on harmonising and certifying African health datasets for use in global pharmaceutical research and artificial intelligence applications.
Madica said the investments are part of a broader strategy to diversify venture capital flows across the continent, which have historically been concentrated in a few markets and sectors.
“Each new investment brings us closer to building a portfolio that reflects the full breadth and diversity of African entrepreneurship,” said Emmanuel Adegboye, head of Madica.
As part of its ecosystem-building efforts, the firm also launched a 75-page fundraising guide titled “Zero to Funded: A Founder’s Guide to Pre-Seed Fundraising in Africa,” aimed at helping first-time founders navigate early-stage capital raising.
The guide provides practical tools, templates, and insights on engaging investors, understanding venture capital trade-offs, and aligning local business realities with global expectations.
Madica also appointed Tauriq Brown as a mentor to support founders with operational and scaling expertise.
The program said it will continue seeking investment opportunities across Africa as it builds a more inclusive startup ecosystem.