Up to $200,000 pre-seed plus multi-year structured support
A sector-agnostic pre-seed investment programme for African founders, launched as an affiliate of Flourish Ventures, combining capital with structured multi-year support.
Use when
You are pre-seed, outside the well-networked hubs, and want capital plus sustained hands-on support.
Skip when
You need money quickly or want capital without a programme attached. The commitment runs 12 to 18 months and the support is the point, not an extra.
Status (24 Sep 2026): open and explicitly built for founders the rest of this list tends to miss. Madica is a structured 12 to 18 month programme with up to US$200,000 invested per company, run as an affiliate of Flourish Ventures. It deliberately targets women-led companies, local founders and companies outside the established hubs; recent cheques went to Algeria and Cameroon. Portfolio stands at 18 companies across 10 African markets. Comes with mentors, executive coaches and subject-matter support rather than capital alone.
Alternatives
