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Home - Africa - Madica expands portfolio with $600K funding in three startups
Africa

Madica expands portfolio with $600K funding in three startups

NextTechBy NextTechApril 8, 2026No Comments3 Mins Read
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Madica, an Africa-focused pre-seed funding program, has made new investments in three startups, deploying as much as $200,000 in every, a part of its said purpose of backing founders usually locked out of Africa’s concentrated enterprise capital flows.

The startups span three nations and three sectors: Kilimo Contemporary (Tanzania), co-founded by Baraka Chijenga and Justice Mangu, connects smallholder farmers to city markets by a technology-enabled produce provide chain; Hakimu (Kenya), co-founded by Rawan Dareer, Ahmed Ahmed, and Ahmed Elbashir, is constructing a pan-African authorized infrastructure utilizing AI; and Biovana (Nigeria), co-founded by Estelle Dogbo and Dr. Jumi Popoola, is a well being knowledge harmonisation platform concentrating on world pharmaceutical and medical analysis markets.

Past the capital, the investments underscore a structural guess Madica is making on startups. Africa’s tech funding stays closely concentrated in a handful of markets and disproportionately flows to founders with established networks. The Large 4—Nigeria, Kenya, Egypt, and South Africa—acquired between 80% and 85% of whole funding in 2025.

Madica’s method, which pairs funding with an 18-month structured program together with mentorship, government teaching, and two totally funded immersion journeys, is designed to deal with the elements of the startup journey that cash alone can not repair.

Every startup was chosen from functions throughout the continent and can acquire entry to Madica’s world investor community alongside its curriculum.

“Every new funding brings us nearer to the portfolio we got down to construct, one which displays the complete breadth and variety of African entrepreneurship. These three startups be a part of a rising neighborhood of founders we’re backing with the sources, relationships, and runway they should succeed at this early stage,” mentioned Emmanuel Adegboye, Head of Madica.

Alongside the investments, Madica launched the primary version of a fundraising guidebook collection, Zero to Funded: A Founder’s Information to Pre-Seed Fundraising in Africa. The 75-page information targets early-stage founders navigating their first increase with out the advantage of sturdy networks or prior fundraising expertise, protecting subjects from learn how to consider enterprise capital trade-offs to learn how to stability native market dynamics with world investor expectations. 

Madica additionally appointed Tauriq Brown, former CEO of TooMuchWiFi, an web infrastructure firm and a veteran of Rocket Web and Mountain Companions, as a mentor to its portfolio. He’ll assist founders with sensible, execution-focused insights to drive progress.



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