Flourish Ventures invests fresh $6 million in Madica’s startup programme.
Madica, the pre-seed investment programme backed by US venture firm Flourish Ventures, has received $6 million in fresh capital from Flourish to back 25 to 30 more African startups over the next three years.
Each startup will still get up to $200,000, plus 18 months of mentorship, executive coaching and investor-readiness support.
All $6 million will go into new pre-seed and seed deals, and none is set aside for follow-on rounds, Madica said in a statement shared with TechCabal on Tuesday.
The company said a separate budget pays for founder support but did not disclose the figures. Madica’s new backing comes as early-stage funding becomes harder to secure. African startups raising between $100,000 and $1 million fell from 179 in the second half of 2025 to 100 in the first half of 2026, a 44% decline, according to Africa: The Big Deal , a funding tracker. Yet, most of the money that does flow stays in four countries.
MSEApp News is publishing an original rewrite of this tip for readers, based on reporting associated with TechCabal.