Flourish Ventures backs Madica with $6 million 

Madica has received $6 million from Flourish Ventures to extend its pilot by three years. The program will back 25 to 30 more African startups and track whether overlooked founders can deliver venture returns.

Tanzanian healthtech Medikea raises $1.2m pre-seed funding

Tanzanian healthtech startup Medikea has closed a $1.2 million pre-seed round. It is also opening two new clinics in Arusha and Morogoro, which brings its network to four.

Madica expands into Algeria and Cameroon with five new African startup bets

Madica has made its first investments in Algeria and Cameroon, backing five African startups as it expands its pre-seed bets into overlooked markets.

Madica invests $600K in Kilimo Fresh, Hakimu, Biovana pre-seed round

Madica invests $200,000 each in Kilimo Fresh, Hakimu, and Biovana, expanding its African startup portfolio and launching a pre-seed fundraising guide.