Madica has announced an $800,000 pre-seed investment in four African startups, allocating $200,000 to each company. The recipients of the funding include Medikea (Tanzania), Motherbeing (Egypt), Pixii Motors (Tunisia), and ToumAI (Morocco), all operating in high-growth sectors such as healthcare, female tech, electric mobility, and artificial intelligence.
Egypt’s Motherbeing, a femtech startup, leverages AI to provide Arab women with cutting-edge diagnostic tools and health services, enhancing access to innovative healthcare solutions.
Meanwhile, Tunisia’s Pixii Motors specializes in sustainable urban transportation, offering eco-friendly electric mobility solutions. Morocco’s ToumAI is an AI-powered voice analytics platform designed to extract valuable insights from customer interactions, helping businesses enhance engagement strategies.
Beyond financial support, the selected startups will benefit from intensive mentorship from the Madica team, alongside strategic guidance from local and global tech ecosystems. The initiative aims to empower startups to scale operations within Africa and beyond.
Madica has outlined plans to invest $6 million in 30 African startups by 2025, with a strong emphasis on promoting gender diversity in leadership roles. Since its inception in December 2022, the company has already invested $1.6 million in eight African startups, focusing on transformative sectors such as HealthTech, E-Mobility, Artificial Intelligence (AI), and Software as a Service (SaaS).
This latest round of funding reinforces Madica’s commitment to fostering innovation and driving economic growth across the African continent.
