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# Madica Deploys $1M into Five African Startups, Expanding into Algeria and Cameroon
- URL: https://www.africainvestorreview.com/madica-deploys-1m-into-five-african-startups-expanding-into-algeria-and-cameroon/
- Published: 2026-09-16T00:35:17.000Z
- Updated: 2026-09-16T00:35:17.000Z
- Description: The pre-seed investment program broadens its geographic reach beyond Africa's traditional tech hubs, writing $200,000 checks into underserved markets and non-fintech sectors.
- Author: Charles S.
- Tags: Venture Capital, North Africa, West Africa, East Africa

**LAGOS / CAIRO** — Africa-focused pre-seed program [Madica](https://www.linkedin.com/company/madica-vc/home/?ref=africainvestorreview.com) has announced a fresh cohort of investments, deploying up to $200,000 each into five early-stage startups.

The latest round marks a structural milestone for the platform, featuring its maiden investments in Algeria and Cameroon as it actively targets venture capital blind spots outside the continent’s established "Big Four" ecosystems.

## Diversifying Beyond the "Big Four"

While capital deployment across sub-Saharan Africa has historically pooled in Nigeria, Kenya, South Africa, and Egypt, Madica’s new batch spans four markets with an eye on overlooked sectors:

- [**Talenteo**](https://www.linkedin.com/company/talenteo-hr/home/?ref=africainvestorreview.com) **(Algeria):** Madica’s first entry into the Algerian market, providing all-in-one HR management software for mid-market businesses across Francophone Africa.
- [**Paysika**](https://www.linkedin.com/company/paysika/home/?ref=africainvestorreview.com) **(Cameroon):** Marking the program's debut in Cameroon, operating a digital neobank that issues virtual and physical payment cards for consumers and SMEs throughout Central Africa.
- [**ChipMango**](https://www.linkedin.com/company/chipmango1/home/?ref=africainvestorreview.com) **(Nigeria):** A deep-tech venture building semiconductor design services and localized Edge AI hardware education.
- [**Delta Oil**](https://www.linkedin.com/company/deltaoileg/home/?ref=africainvestorreview.com) **(Egypt):** Connecting fragmented used cooking oil (UCO) collection networks with international buyers to supply renewable fuel feedstock.
- [**Bekia**](https://www.linkedin.com/company/bekiaegypt/home/?ref=africainvestorreview.com) **(Egypt):** A digital waste-management platform that pays households and businesses for recyclable solid waste before supplying industrial buyers.

> "Our original thesis, which still holds, is that we would back founders across sectors, markets, and founder profiles that are typically underfunded on the continent," said [Emmanuel Adegboye](https://www.linkedin.com/in/eaadegboye/?ref=africainvestorreview.com), Head of [Madica](https://www.linkedin.com/company/madica-vc/home/?ref=africainvestorreview.com).

## High-Touch Program Architecture

Affiliated with [Flourish Ventures](https://www.linkedin.com/company/flourishventures/home/?ref=africainvestorreview.com), [Madica](https://www.linkedin.com/company/madica-vc/home/?ref=africainvestorreview.com) pairs its capital injection with a structured 18-month support program. Founders receive executive coaching, peer learning networks, immersive trips, and access to a global investor community designed to bridge early-stage execution gaps and prepare teams for institutional follow-on rounds.

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