Opportunities
Grants, VC funds, accelerators, and competitions for African entrepreneurs.
Grants, VC funds, accelerators, and competitions for African entrepreneurs.
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$50K – $200K (Madica pre-seed); $1M – $15M (Flourish direct)
Madica is a pre-seed support program for mission-driven founders building ventures in Africa. It provides structured investment support, company-building curriculum, mentorship, and access to a founder community. The available data indicates typical pre-seed ticket sizes of $50K to $200K, with a pan-African focus including Kenya, Nigeria, South Africa, Egypt, and other markets.
Capital
Structured investment support for pre-seed stage companies in Africa.
Community
Access to community support throughout the startup journey.
Curriculum
Structured company-building support and resources for founders.
Mentorship
Access to world-class mentorship, support, resources, and networks throughout founders' startup journeys.
Mission-driven ventures
Madica backs mission-driven founders building ventures in Africa.
Frontier themes
Entrepreneurs are scaling new ideas, technologies, and business models across a number of frontier themes.
Flourish Ventures ($500M+ AUM) is a global fintech-focused impact investor backed by the Omidyar Network. Madica is their Africa-dedicated pre-seed platform — $6M reserved for 25-30 African startups at up to $200K each. Flourish direct investments go up to $15M for Series A-B fintech companies. Strong thesis around financial health, digital public infrastructure, and responsible fintech.
Madica: 12-week accelerator with mentorship, workshops, investor readiness. Flourish: board governance, talent, strategy.
Fintech-only thesis limits applicability. Madica tickets are small.
Applicants should show a clear mission-driven case for the problem they are solving and explain how their venture fits African markets. It will help to highlight why the company is still at pre-seed stage and how mentorship, curriculum, community, and $50K to $200K in capital would accelerate progress.
2019
Active Since
Yes
Deploying
Branch (lending), Chipper Cash (payments), multiple fintech startups via Madica