Companions with ABAN to Increase Funding Circulate and Ecosystem Networks for Portfolio Corporations
Madica, a structured funding program for pre-seed African startups, has introduced new investments in two AI-powered corporations: Anavid and Hypeo AI. Every firm has secured as much as $200,000 in funding and can be part of Madica’s 18-month program, which gives a tailor-made curriculum, hands-on mentorship, govt teaching, and two absolutely funded immersion journeys to key know-how ecosystems each domestically and internationally. Past funding, the startups will acquire entry to Madica’s international investor community, positioning them for progress and long-term success.
This new spherical of investments reinforces Madica’s dedication to supporting founders and startups usually excluded from conventional enterprise funding. By backing underrepresented founders, startups from underserved areas, and innovators in missed sectors, this system seeks to counter the focus of Africa’s tech funding in a couple of markets and amongst well-connected entrepreneurs—driving extra equitable progress throughout the continent.
Launched in 2022 and affiliated with Flourish Ventures, an early-stage fintech enterprise investor supporting the architects of a greater monetary future, Madica is a sector-agnostic funding program addressing structural gaps in Africa’s startup ecosystem. This system tackles key challenges akin to restricted entry to capital, a shortage of traders, and inadequate mentorship. It gives structured assist for startups to resolve important points and foster innovation, entrepreneurship, and wealth creation throughout Africa.
The chosen AI-powered startups have been chosen from functions throughout the continent and are offering tech-driven options in a few of Africa’s largest industries:
Anavid (Tunisia), co-founded by Ahmed Chaari and David Nilsson, is an AI-powered resolution that integrates with current retail cameras to scale back shoplifting losses and improve buyer expertise.
Hypeo AI (Morocco), based by Meriam Bessa and Salah Eddine Mimouni, is an AI-driven SaaS platform that automates each step of influencer advertising—from model matching and content material validation to funds.
Commenting on the brand new portfolio corporations, Emmanuel Adegboye, Head of Madica, mentioned:
“At Madica, we imagine and proceed to show that a number of the world’s most transformative concepts come from locations which can be too usually ignored. The founders we’ve simply welcomed are visionaries, constructing options with the facility to uplift communities and form industries. We’re proud to face with them as they tackle the following stage of their journey.”
Meriam Bessa, co-founder and CEO of Hypeo AI, added:
“Our area is quickly rising with inventive power, however with out the suitable digital spine, it usually goes untapped. We’re altering that by utilizing AI to reimagine how manufacturers and creators discover one another, collaborate, and thrive. Backing by Madica will assist us strengthen our AI capabilities to realize this objective.”
To increase funding move and ecosystem networks for portfolio corporations, Madica has introduced a strategic partnership with the African Enterprise Angel Community (ABAN) throughout the annual ABAN Congress in Lagos. The collaboration permits ABAN-affiliated angels throughout the continent and Madica to share deal move and discover co-investment alternatives and future fundraises by portfolio corporations, broadening entry to capital and assist for African startups.
Yemi Keri, President of ABAN, mentioned:
“The way forward for Africa’s innovation financial system relies on how successfully we are able to mobilize native capital and empower native traders. Our collaboration with Madica helps bridge the hole between angel traders and institutional capital, guaranteeing that extra funding comes from throughout the continent, and that startups in all places in Africa can entry the suitable kind of assist to scale.”
Madica started the yr by investing in category-defining startups together with Medikea, Daleela, Pixii Motors, and ToumAI, reinforcing its dedication to gender variety within the African tech ecosystem. As a part of its assist, portfolio corporations take part in one-week, absolutely funded immersion journeys that embrace skilled coaching, investor connections, and workshops on Madica’s core pillars: progress, governance, founder well-being, and fundraising.
Madica is now welcoming new funding alternatives throughout the continent to strengthen its pan-African attain. Eligible startups can pitch through the Madica web site if they’ve an MVP (ideally with paying prospects), a full-time founder dedication, restricted prior institutional funding, and are led by African founders. The Madica workforce lately attended the Moonshot by TechCabal Convention in Lagos, Nigeria, and can take part in Huge Angels Day Africa in Dakar, Senegal, this October to fulfill founders and discover new funding commitments.
About Madica
Launched in 2022, Madica is an Africa-focused pre-seed funding program empowering underrepresented and underfunded mission-driven founders. Affiliated with Flourish Ventures, the sector-agnostic platform gives funding and democratizes entry to world-class company-building assist for African entrepreneurs.
About Flourish Ventures
Flourish Ventures is an $850M international early-stage enterprise agency backing entrepreneurs reworking monetary programs for the higher. The agency’s international portfolio spans over 100 corporations throughout the U.S. and rising markets, together with unicorns akin to Alloy, Flutterwave, Kin, Neon, and Unit, alongside innovators like Akua, Brico, Crossmint, Fuse, Reserv, Spade, Sew, Swap, and Vidyut. Flourish champions entrepreneurs shaping coverage, media, and analysis to drive lasting change in monetary companies. Its evergreen construction permits long-term, conviction-driven funding. Notable exits embrace Brigit, Chime, GrabFinance, Mantl, SeedFi, and United Revenue.
About ABAN
The African Enterprise Angel Community (ABAN) is the most important pan-African group of angel traders. Established in 2015, ABAN represents a rising variety of enterprise angel teams that present very important human and monetary capital to African startups, creating jobs and fueling innovation. Lively in 37 African international locations and the diaspora, ABAN unites 75+ member networks and greater than 5,000 angel traders dedicated to advancing early-stage innovation throughout the continent.
