Investment Program Madica Announces First Set Of African Tech Portfolio Companies
- Madica, a structured investment program for pre-seed stage startups in Africa, has announced its first set of investments in three startups.
- Each startup received an investment of up to USD 200K and will receive 18 months of dedicated company-building support.
- The selected startups offer tech-enabled solutions in areas such as B2B platforms, e-commerce, and cultivated meat products.
The announcement of Madica's first set of investments in African tech startups is a positive development for the startup ecosystem in Africa. The structured investment program addresses key challenges such as limited access to capital and insufficient mentorship, providing startups with the necessary support to foster innovation and entrepreneurship. This initiative has the potential to drive wealth creation and economic growth across the continent.
