ShareMadica, an investment program tailored for pre-seed African startups, has announced its inaugural set of investments in three promising companies. In alignment with its mandate, each startup has received up to $200,000 in funding and gained access to Madica’s comprehensive 18-month company-building support program. “This year, our goal is to support more founders often overlooked by investors and integrate them into the global startup ecosystem. To deepen its support, Madica has invested in a team capacity, including experts in portfolio success, communications, and investments. With its comprehensive approach, Madica aims to fuel the growth of African startups, fostering innovation and wealth creation while addressing the ecosystem’s critical cchallenges.

Source: The North Africa Journal May 11, 2024 11:35 UTC