Startups & Capital-risque

Wamda

Madica secures $6 million to invest in up to 30 African startups

28 oct. 2026

Africa-focused pre-seed investment programme Madica has secured an additional $6 million commitment from Flourish Ventures to extend its investment pilot by three years, targeting 25–30 more early-stage startups across the continent. Launched in 2022 and led by Emmanuel Adegboye, Madica is a sector-agnostic investment programme affiliated with Flourish Ventures, providing early-stage funding and hands-on company-building support to African founders underserved by traditional venture capita