Does $200,000 sound like a good investment in your tech-enabled African startup? We are sure your answer is yes! These African startups have just received investment from Madica. You can also join them by clicking here to apply.
About Madica
Madica is an innovative structured investment program specifically tailored for pre-seed-stage startups in Africa.
The four startups
- Medikea (Tanzania), co-founded by Elvis Silayo and Desire Ruhinda, is a healthcare platform combining telemedicine and clinics to deliver affordable, personalised primary and speciality care across Africa.
- Motherbeing (Egypt), founded by Nour Emam and Yousef Elsamaa, empowers Arab women through the provision of convenient, frictionless, and secure wellness services spanning Arabic AI chat assistance, educational content, and diagnostic services tailored to address their unique sexual and reproductive health needs.
- Pixii Motors (Tunisia), founded by Anis Fekih and Wafa Dhifi, delivers an eco-friendly electric smart mobility ecosystem for urban travel and last-mile delivery, helping regional and international businesses and individuals save money while preserving the environment.
- ToumAI (Morrocco), co-founded by Odin Demassieux, Imade Benelallam, and Youcef Rahmani, helps companies adopt a holistic approach to customer experience by unlocking actionable insights and providing voice solutions to enhance interactions, using proprietary AI and LLM-based multilingual voice technologies, specifically designed for African languages.
Emmanuel Adegboye, Head of Madica, said:
In our first full year of investments, we made six new investments, bringing our total number of backed startups to 8. What’s particularly exciting is that we set out to build a portfolio with at least 50% gender diversity in their leadership teams. We are currently exceeding that goal, and a significant portion of our portfolio has female CEOs. Additionally, these investments span eight different countries and six diverse sectors, which is exactly the portfolio diversity Madica aims to achieve across underrepresented geographies, sectors, and founder profiles.
