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Headline : Madica Invests $600k in Kola Market, GoBEBA, NewForm Foods

Read more from the original article on here at businesspost.ng.




Tags : #madica #invests #600k #kola #market #gobeba #newform #foods


No. of Paragraph 22

Madica, a structured investment programme designed for pre-seed stage startups in Africa, has announced its first set of investments totalling $600,000 in three startups – Kola Market, GoBEBA, and NewForm Foods.

According to a statement, each startup has received an investment of up to $200,000 and is now a part of Madica’s comprehensive investment programme which includes 18 months of dedicated company-building support tailored to the unique needs of each startup.

Madica, launched in 2022 and affiliated with Flourish Ventures – a global fintech venture capital firm with purpose, is a sector-agnostic investment programme designed to address structural gaps in Africa’s startup ecosystem.

It delivers its support through a highly personalized curriculum, hands-on mentorship, invitations to fully-funded week-long founder immersion trips, executive coaching opportunities, and access to its global network of investors for follow-on funding – all designed to spur growth and ensure the long-term viability of the startups.

Read more from the original article on here at businesspost.ng.


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