Madica, a structured investment program designed for pre-seed startups in Africa, has announced its latest round of investments, committing $800,000 to four innovative tech-enabled startups: Medikea, Motherbeing, Pixii Motors, and ToumAI.
Each startup has received up to $200,000 and will participate in Madica’s comprehensive 18-month investment program, which includes:
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Personalized Curriculum: A tailored educational program to address specific business needs.
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Hands-on Mentorship: Guidance from experienced industry professionals.
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Founder Immersion Trips: Two fully-funded week-long trips to key ecosystems in Cape Town and London.
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Executive Coaching: Opportunities for leadership development.
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Investor Network Access: Connections to a global network for potential follow-on funding.
Portfolio Companies:
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Medikea (Tanzania): An e-health platform combining telemedicine and clinics to deliver affordable, personalized primary and specialty care across Africa.
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Motherbeing (Egypt): An AI-based wellness service empowering Arab women with convenient, secure wellness services, including AI chat assistance and educational content tailored to sexual and reproductive health needs.
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Pixii Motors (Tunisia): A mobility startup providing eco-friendly electric smart mobility solutions for urban travel and last-mile delivery, helping businesses and individuals save money while preserving the environment.
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ToumAI (Morocco): A customer experience platform offering actionable insights and voice solutions to enhance interactions, utilizing proprietary AI and multilingual voice technologies designed for African languages.
Emmanuel Adegboye, Head of Madica, expressed enthusiasm about the portfolio’s diversity, noting that the program has exceeded its goal of achieving at least 50% gender diversity in leadership teams. Additionally, a significant portion of the portfolio features female CEOs, and the investments span eight different countries and six diverse sectors.
This investment round underscores Madica’s commitment to addressing structural gaps in Africa’s startup ecosystem by providing capital, mentorship, and resources to early-stage companies across the continent.
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