Madica, an early-stage investment program, has invested a total of $600,000 across three African startups—Kilimo Fresh Foods Africa Inc., Hakimu, and Biovana—as part of its mission to support underrepresented founders on the continent. Each startup will receive up to $200,000 in pre-seed funding and will participate in Madica’s 18-month support program, which includes mentorship, executive coaching, and funded immersion trips to global and regional technology hubs.
The investments reflect Madica’s commitment to addressing structural gaps in Africa’s startup ecosystem, including limited access to capital, investor networks, and hands-on operational support. By providing both funding and guidance, the program aims to empower founders to scale their businesses and bring innovative solutions to critical sectors across Africa.
The startups span key industries such as agriculture, legal technology, and health data infrastructure. Kilimo Fresh, based in Tanzania, connects smallholder farmers to urban markets, reducing food waste and increasing income stability. Kenya’s Hakimu builds AI-powered legal infrastructure to expand access to justice, while Nigeria-based Biovana focuses on harmonizing and certifying African health datasets for global pharmaceutical research and AI applications.
In addition to funding, Madica launched a 75-page fundraising guide titled “Zero to Funded: A Founder’s Guide to Pre-Seed Fundraising in Africa.” The guide equips first-time founders with practical tools, templates, and insights on engaging investors, navigating venture capital trade-offs, and aligning local business realities with global expectations. Tauriq Brown has also been appointed as a mentor to support founders with operational and scaling expertise.
Madica’s strategy emphasizes creating a diverse and inclusive portfolio that represents the full breadth of African entrepreneurship. The program continues to seek investment opportunities across the continent while providing founders with the resources, guidance, and networks necessary to grow and succeed in the global market.
