Madica invests $800,000 in four startups, expands footprint into North Africa
- Madica has backed four African startups with a total of $800,000 in pre-seed funding.
- The selected startups include Medikea, Motherbeing, Pixii Motors, and ToumAI.
- Each startup will receive $200,000 along with hands-on mentorship.
Madica's strategic investment in diverse sectors such as healthtech and e-mobility reflects a forward-thinking approach that could significantly impact the African startup ecosystem. The emphasis on gender diversity and mentorship is commendable, but the firm should also ensure that these startups are equipped to scale effectively in competitive markets.
