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Medicalis a structured investment program that invests in pre-seed African startup companies. It has invested $400,000 in two AI-powered businesses, Anavid and Hypeo AI.
Anavid is a Tunisian start-up co-founded by Ahmed Chaari and David Nilsson. The AI powered solution that seamlessly integrates existing retail cameras in order to reduce shoplifting and enhance the overall experience of customers. Hypeo AI is a Moroccan startup co-founded by Meriam Besse & Wrong Eddine Mimiuni. Hypeo AI, an AI-driven SAAS, automates all aspects of influencer marketing from brand matching to content validation and payments.
Both firms will be part of Madica’s 18 month program and connected to Madica’s global investor network. This will position them for growth and success in the long term.
Emmanuel Adegboye,a head of Madica said: “At Madica we believe and continue proving that some of the most transformative ideas in the world come from places which are too often overlooked. The founders that we have just welcomed are visionaries who are building solutions that can uplift communities and change industries. We’re proud of our partnership with them as they embark on the next phase of their journey.”
The round of investments reinforces Madica’s commitment to supporting startups and founders often excluded from traditional venture capital funding. The program aims to drive more equitable growth on the continent by backing a mix underrepresented founders, startup companies from underserved areas, and innovators working in overlooked sectors. Madica, an early-stage fintech investor affiliated with Flourish Ventures (19459026), aims to bridge the gap between lack of capital, insufficient mentorship, and a lack of investors. It also provides the structured assistance needed for startups to solve critical issues, foster innovation, entrepreneurship and wealth creation on the continent.
The startups selected are powered by AI, and they were chosen from applications in Africa. They provide tech-driven solutions for some of Africa’s largest industries.
Madica announced a strategic alliance with the African Business Angel Network in Lagos to expand investment flows and ecosystem networks for its portfolio companies. The collaboration allows ABAN-affiliated Angels on the continent to share deal flow, explore co-investment and future fundraises for portfolio companies. This will broaden access to capital and support to African startups.
The future of Africa’s innovative economy depends on our ability to mobilize local capital, and empower local investors. Our collaboration with Madica helps to bridge the gap between institutional capital and angel investors, ensuring that startups in Africa have access to the right type support for scaling, saidYemi Kiri, President of ABAN. Madica began the new year by investing in category defining startups such as Medikea Daleela Pixii Motors or ToumAIwhile reinforcing their commitment to gender equality in the African tech eco-system. Portfolio companies will be invited to participate in a fully-funded, one-week immersion trip where they will receive expert training, meet investors, and attend workshops on Madica’s key pillars of growth, governance and founder well-being.
Madica welcomes new investment opportunities on the continent to enhance its pan-African reach.
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