Early-stage funding in Africa is still uneven, but some players are starting to spread it differently.
According to Techpoint Africa
Madica has added three startups to its portfolio, committing up to $600,000 in total, with each company receiving as much as $200,000.
The startups cut across three countries and sectors. Kilimo Fresh in Tanzania is working on fixing produce supply chains for smallholder farmers. Hakimu in Kenya is building legal infrastructure powered by AI. Biovana in Nigeria is focused on health data for research and pharmaceutical use.
But the funding is only one part of the story.
Each startup also gets access to an 18-month support system that includes mentorship, coaching, and connections to global investors. That structure is designed to solve a problem many founders face early on, not just raising money, but knowing what to do with it.
Alongside the investments, Madica released a 75-page fundraising guide aimed at founders raising their first round. It breaks down how venture capital works, what to expect from investors, and how to navigate early-stage decisions.
The bigger play here is access. Funding on the continent still flows heavily into a few markets and familiar networks. Programmes like this are trying to open that up.
It’s still early, but moves like this suggest the ecosystem is slowly shifting from who you know to what you’re building.
