Startups
Launched in 2022, Madica is an Africa-focused pre-seed investment program empowering underrepresented and underfunded mission-driven founders on the continent. The sector-agnostic platform, affiliated with Flourish Ventures, aims to empower entrepreneurs with the provision of funding and also democratising access to world-class company building support.
Overview
Employees
1-10
Mentions in press and media 8
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Jun 30, 2025 | The Silicon Valley playbook doesn’t work in Africa—Madica is proving why | Madica, which stands for Made-in-Africa, was launched in 2022 as an affiliate of global VC firm, Flourish Ventures, to invest in early-stage African founders, especially women, locally educated CEOs, and teams outside the “Big Four” hubs. I... |
| Apr 24, 2024 | Madica, a program by Flourish Ventures, steps up pre-seed investing in Africa | Madica, an investment program launched by US-based investor Flourish Ventures to back pre-seed startups in Africa, plans to invest in up to 10 ventures by the end of the year, ramping up its funding efforts after closing three initial deals... |
| Dec 12, 2022 | Madica Ventures wants to bridge the financial gap in Africa’s technology ecosystem TechCabal’s 2021 Year-End report Success! | Funding in Africa’s tech industry has its favourite destinations. The Big 4—Nigeria, South Africa, Egypt, and Kenya—accounted for more than 70% of the $5.2 billion raised by startups in Africa last year, according to Partech’s 2021 report. ... |
| Nov 28, 2022 | Pre-seed investment platform for mission-driven start-ups | Mission-driven and underrepresented start-up founders in Africa are set to benefit from a new pre-seed investment programme announced by Flourish Ventures, a global venture capital firm. The sector-agnostic programme will invest capital in ... |
| Nov 28, 2022 | Pre-seed investment platform for mission-driven start-ups | Mission-driven and underrepresented start-up founders in Africa are set to benefit from a new pre-seed investment programme announced by Flourish Ventures, a global venture capital firm. The sector-agnostic programme will invest capital in ... |
| Oct 24, 2022 | Global VC Flourish launches Madica, an Africa-focused program to back pre-seed-stage startups | Access to funding and lack of support systems are some of the greatest challenges faced by startup founders in sub-Saharan Africa. And while venture capital and founder support programs within the continent are growing, a lot still remains ... |
| Oct 24, 2022 | Flourish Ventures Launches Africa-Focused Pre-Seed Investment Platform Madica | Emmanuel Adegboye, head of Madica (pictured on the left) launches new pre-seed Africa fund spun out from Flourish Ventures. He celebrates with new Board members, Efayomi Carr, principal, Flourish Ventures, Ameya Upadhyay, venture partner, F... |
Reviews 0
FAQ about Madica
What has the press written about Madica?
Parsers VC has collected 8 articles mentioning Madica, among them “The Silicon Valley playbook doesn’t work in Africa—Madica is proving why” (Jun 30, 2025) and “Madica, a program by Flourish Ventures, steps up pre-seed investing in Africa” (Apr 24, 2024).
Is Madica still active?
Yes, Madica is active; its latest activity on Parsers VC dates from Apr 9, 2026.