Madica — Pre-Seed VC Firm ($50K–$200K Checks)
Madica is a Pre-Seed venture capital firm investing in Fintech, Healthcare, AI / ML. The firm typically writes $50K–$200K checks and has 20 portfolio companies in our records.
- Check size
- $50K–$200K
- Portfolio
- 20 companies on record
- Partners
- 9 listed
- AUM
- $2.5B
- Stage
- Pre-Seed
- Sectors
- Fintech, Healthcare, AI / ML
Last verified: 2026-11-05
Pre-Seed
$50K – $200K
$2.5B
20+ companies
9 partners
Investment Thesis
Pre-seed investment program backing underrepresented founders across Africa with hands-on support. Broad early-stage thesis makes it relevant for differentiated fintech infrastructure and consumer finance startups.
How Madica invests
Madica is a vc firm. The firm invests at the Pre-Seed stage, with a focus on Fintech, Healthcare, AI / ML.
Madica typically writes checks of $50K–$200K per investment, backed by approximately $2.5B in assets under management. Our records include 3 funds raised by the firm.
Madica has backed 20 companies in our records, including Delta Oil, Paysika, Chipmango.
Partners & Team
Unknown
GP
Head of Madica, a structured investment program for pre-seed stage companies in Africa, launched in 2022. Previously oversaw Africa strategy for Utopia and was Managing Partner of Utopia Lagos. Earlier designed and managed Andela's entrepreneurship center. Was a 2021 Mo Ibrahim Foundation Academy Fellow at Chatham House.
Partner at Asphalt & Ink, a strategic advisory firm. Co-founded WomenWork, a women's digital network with 5,000 members. Founded digital content platform MumsVillage. Previously held leadership roles at Google, InMobi and MTV Networks. Serves on the boards of the Nairobi Stock Exchange and Southbridge Group. Holds degrees from Stanford University and Harvard Business School.
Corporate lawyer specialising in startups. Joined Yoco, an African payments company, as in-house legal in 2017, supporting Series B and C funding rounds and international expansion. Recently joined the Capital Team at The Delta, a venture builder, to grow its investment arm.
Co-founder of Sava, a fintech helping businesses manage finances and access affordable credit. Previously founded Aspira, the largest BNPL player in East Africa, and served as Chief Strategy Officer at the African Leadership University. Earlier worked as an Equity Derivatives trader at Merrill Lynch. Holds an MBA from The Wharton School and a BSE in Industrial Engineering from Rensselaer Polytechnic Institute.
Technologist with two decades of experience since the dot-com era. Has a portfolio career with advisory venture-backed roles, 501c3 board positions, and angel investments. Based mostly in London and originally from South Africa.
Seasoned venture builder and former CEO of TooMuchWiFi, one of Africa's fastest-growing internet infrastructure companies. Previously held roles at Rocket Internet and Mountain Partners.
Investment Associate at Madica, identifying and supporting mission-driven founders. Previously co-founded a blockchain-based gaming startup, where he served as CFO. Earlier worked as an Investment Associate for a venture capital fund launched in 2018 investing in tech-enabled startups in Sub-Saharan Africa. Holds a Bachelor's degree in Accounting and is a certified Financial Modelling and Valuation Analyst.
Industry Focus
Invests In
Funds
Fund III
Fund II
Fund I
Recent Activity
Raised Fund III ($750M)
2023 · fund records
Raised Fund II ($300M)
2021 · fund records
Raised Fund I ($150M)
2018 · fund records
Portfolio Companies (20)
Other
Delta Oil
Building infrastructure that connects fragmented used cooking oil (UCO) collection networks with international buyers, transforming an underutilized waste stream into a valuable feedstock for renewable fuels.
Paysika
A digital neobank providing consumers and SMEs across Central Africa with virtual and physical payment cards, enabling international transactions and expanding access to modern range of financial services.
Chipmango
Building Africa's semiconductor ecosystem through chip design services, engineering education, and localised Edge AI products.
Bekia
A digital platform building the collection layer for Egypt's recycling economy, paying households and businesses for recyclable waste and supplying it to industrial buyers.
Talenteo
An all-in-one HR management platform helping medium-sized and mid-market businesses across Francophone Africa digitise and streamline human resources management.
Kilimo Fresh
Building a full-service tech-enabled distribution platform for fresh produce in Africa.
Hakimu
Building pan-African legal infrastructure leveraging the power of AI.
Biovana
Connecting the continent’s scientific potential to global innovation in precision medicine.
Anavid
Specialising in retail intelligence solutions aimed at enhancing store profitability.
Hypeo
An AI-driven SAAS platform that automates every step of influencer marketing.
- •Raising at Pre-Seed? You're squarely in their sweet spot.
- •Lead with your fit in Fintech, Healthcare, AI / ML — the sectors they actively back.
- •Size your ask to their typical $50K – $200K check.
- •warm intro preferred
- •Address your outreach to a specific partner, such as Unknown, GP.
- •A warm introduction beats a cold email. Get matched and request an intro.
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