Madica has announced its latest round of investments in four tech-enabled startups which include Medikea, Motherbeing, Pixii Motors and ToumAI.
Madica is a structured investment program designed for pre-seed stage startups in Africa.
Each startup has received an investment of up to $200,000 and will participate in Madica’s comprehensive investment program.
This includes 18 months of support through a highly personalized curriculum, hands-on mentorship, and two fully-funded week-long founder immersion trips to key local and global ecosystems, including Cape Town and London.
The portfolio companies will also gain access to executive coaching opportunities and access to Madica’s global network of investors for follow-on funding, all designed to spur growth and ensure the long-term viability of the startups.
Among the four selected startups is the Tunisian Pixii Motors. Founded by Anis Fekih and Wafa Dhifi, Pixii Motors offers an intelligent and environmentally friendly electric mobility ecosystem designed for urban travel and last-mile deliveries. The startup helps regional and international businesses and individuals save money while protecting the environment.
This new funding marks Madica’s North Africa investment debut and reaffirms its commitment to backing mission-driven founders building solutions in markets often overlooked for VC funding.
