Madica has announced new investments in two AI-powered companies, Anavid and Hypeo AI. Each startup will receive up to $200,000 in funding. The startups will also join Madica’s 18-month program. This program offers hands-on mentorship, executive coaching, tailored training and immersion trips to key tech ecosystems globally.
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- Anavid (Tunisia) was co-founded by Ahmed Chaari and David Nilsson. It integrates AI with existing retail cameras to reduce losses related to shoplifting.
- Hypeo AI (Morocco) was founded by Meriam Bessa and Salah Eddine Mimouni. It helps to automate influencer marketing workflows. This ranges from brand matching and content validation to payments.
Madica’s goal is to back underrepresented founders and startups from underserved regions while countering the over-concentration of venture capital in a few African markets. It focuses on addressing structural challenges such as limited access to capital and mentorship while driving innovation and entrepreneurship across the continent.
“At Madica, we believe and continue to prove that some of the world’s most transformative ideas come from places that are too often ignored,” said Emmanuel Adegboye, Head of Madica. “The founders we’ve just welcomed are visionaries building solutions with the power to uplift communities and shape industries.”
Madica also announced a strategic partnership with the African Business Angel Network (ABAN) to enhance investment flow and ecosystem support for its portfolio companies. The collaboration will allow ABAN-affiliated angels and Madica to share deal flow, explore co-investment opportunities, and support startups in future fundraises.
“The future of Africa’s innovation economy depends on how effectively we can mobilize local capital,” said Yemi Keri, President of ABAN. “Our collaboration with Madica helps bridge the gap between angel investors and institutional capital, ensuring more funding comes from within the continent.”
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Also Read: Madica Announces Investments in Four African Tech Startups