Madica VC offers a 12-18 month investment program for African startups, especially those led by local founders, women, or those outside major tech hubs. Selected startups receive up to USD 200,000 equity investment plus hands-on support including mentorship, training, coaching, and investor access.
Eligibility
- Based in Africa
- Led by local founders (women or underrepresented teams are encouraged)
- Have a minimum viable product (MVP) or early paying customers
- Little or no prior institutional funding
- Founders engaged full-time or intending to commit full-time
Benefits
- Up to USD 200,000 in equity investment at the start to hire key team members and scale the business
- Programmatic support: mentorship by experienced founders & operators, tailored coaching, training on company building
- Access to grants, credits, and tools (AWS, Salesforce etc.) to ease startup costs
- Immersion trips to meet peers, mentors, and ecosystem stakeholders
- Connection to follow-on investors and later-stage capital options
