Madica Injects $600K Pre-Seed into Kilimo Fresh and Hakimu and BioVana
🌍 Madica’s Mission
-
Madica is a pre-seed investment program linked to Flourish Ventures that hunts for underfunded founders across Africa.
-
Recently, they’ve deployed $600,000 across three promising startups: Kilimo Fresh from Tanzania, Hakimu from Kenya, and BioVana from Nigeria.
-
Each company received a $200,000 equity injection and a spot in a tough 18-month growth program.
💸 New Portfolio
-
The program picks mission-driven teams that already have working products and paying customers.
-
The new cohort includes:
-
🇹🇿 Kilimo Fresh: B2B2C marketplace for the distribution of fresh produce.
-
🇰🇪 Hakimu: AI-driven legal infrastructure.
-
🇳🇬 BioVana: Health data harmonization and certification platform.
-
Beyond the cash, Madica provides executive coaching and global immersion trips to help these early bets scale.
🔝 Supporting More Founders
- Madica also released a 75-page fundraising guide to help first-time founders handle the VC world on their own.