Venture capital firm
Madica Ventures
Madica Ventures is a Nairobi-headquartered pre-seed venture capital manager, structured investment program, and general partner launched in October 2022 as an affiliate platform of global venture firm Flourish Ventures. Led by Head of Madica Emmanuel Adegboye, the firm's core investment strategy focuses on deploying capital and multi-year company-building support to underrepresented, mission-driven African founders. Madica ("Made-in-Africa") explicitly targets gender-diverse leadership teams, local CEOs, and early-stage tech platforms operating outside traditional VC hubs. The program combines non-dilutive programmatic support with direct equity check commitments, offering founders an 18-month structured curriculum, executive coaching, mentor office hours, and international immersion trips. The general partner maintains an active pan-African investment footprint across West, East, North, Central, and Southern Africa.
Investment focus
- Stages and strategies
- Pre-seed
- Instruments
- Equity
- Regions
- Pan-African
- African markets named in public materials
- Kenya
Funds managed
Selected portfolio and direct investments
- Bekia Egypt For E-Commerce S.A.E
- ChipMango Company
- Delta Oil L.L.C
- Medikea Afya App Limited
- PaySika Holding SAS
- Talenteo
Recent investments and transactions
| Date | Transaction | Type | Value | Market |
|---|---|---|---|---|
| 26 Oct 2026 | Baobab Network, Catalyst Fund, and partners invest USD 1.2 million in Medikea's operations in Tanzania | Venture Capital | $1.2m | Tanzania |
| 15 Sep 2026 | Madica invests USD 200k in Delta Oil | Venture Capital | $200,000 | Egypt |
| 15 Sep 2026 | Madica invests USD 200k in Talenteo's operations in Francophone Africa | Venture Capital | $200,000 | Côte d'Ivoire |
| 15 Sep 2026 | Madica invests USD 200k in Paysika's operations in Central Africa | Venture Capital | $200,000 | Côte d'Ivoire |
| 11 Sep 2026 | Madica, Catalyst Fund and Jambaar Capital invest USD 765k in Bekia's operations in Egypt | Venture Capital | $765,000 | Egypt |
| 1 Sep 2026 | Atlantica Ventures and partners invest USD 1.9 million in ChipMango | Venture Capital | $1.9m | Nigeria |
Sources
- Partner Researchers, accessed 14 November 2026