Madica is a structured investment program for pre-seed stage companies in Africa. Madica aims to empower mission-driven founders by democratizing access to world-class company building support, which is available today only to a few well-networked entrepreneurs.

SAN FRANCISCO, Calif., October 24, 2022 – Flourish Ventures, a global venture capital firm investing in mission-driven fintech entrepreneurs, today announced the launch of affiliate Madica, a structured investment program for pre-seed stage technology companies in Africa. Aiming to serve mission-driven and under-represented founders, the new sector-agnostic program will invest capital in tech startups and offer founders tailored mentorship and world-class company-building support. Over the next three years, Madica, seeks to back 25-30 African entrepreneurs with up to $200,000 each, coupled with multi-year programmatic support.

Organization Type: For-profit business, social enterprise, or B Corp
Status: Active
Founded: 2023
Parent Organization: Omidyar Network
Last Modified: 2/1/2023
Added on: 1/6/2023

Project Categories

Back to Top