Madica Ventures

Early-stage startups face daunting obstacles in Africa. Investors are in short supply, talent is rare, mentors are hard to find, and opportunities for structured training are limited. This is in large part because the African venture capital industry is still in its early days. The challenges faced by entrepreneurs increase in proportion to how early they are in their journey. The biggest hurdles are faced by companies in the ‘pre-seed’ stage, who are yet to raise any meaningful amount of institutional capital. Madica was born out of the need to empower mission-driven founders by democratizing access to world-class company building support, which is available today only to a few well-networked entrepreneurs.

We believe that a well-funded, globally-inspired, and locally-run company building program can make a tangible difference in the quality of companies emerging from the continent within a five-year timeframe. It can also help direct capital to startups that receive a disproportionately small share of venture funding, such as those led by women or by local founders. Spun out of Flourish Ventures, we are uniquely positioned to support these early-stage entrepreneurs: we have access to capital, networks, and an extensive knowledge base from our experience serving entrepreneurs across the globe – and the credibility in Africa to pull this off.