Madica, a structured investment programme for pre-seed African startups affiliated with Flourish Ventures, has announced new investments in two AI-powered companies, Anavid and Hypeo AI, as it expands its portfolio across the continent.
Each startup has secured up to $200,000 in funding and will join Madica’s 18-month support programme, which offers mentorship, executive coaching, a tailored growth curriculum, and fully-funded immersion trips to key global tech ecosystems.
The new investments underscore Madica’s mission to back underrepresented founders and startups from underserved regions, helping to bridge Africa’s structural funding gaps and promote inclusive innovation.
Anavid, based in Tunisia and co-founded by Ahmed Chaari and David Nilsson, uses AI to integrate with retail cameras, helping stores reduce theft and improve customer experience. Hypeo AI, from Morocco, founded by Meriam Bessa and Salah Eddine Mimouni, is an AI-powered SaaS platform that automates influencer marketing from brand matching and content validation to payments.
“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. We’re proud to stand with them as they take on the next stage of their journey.”
“Our region is rapidly growing with creative energy, but without the right digital backbone, it often goes untapped,” added Meriam Bessa, co-founder and CEO of Hypeo AI. “We’re changing that by using AI to reimagine how brands and creators find each other, collaborate, and thrive. Backing by Madica will help us strengthen our AI capabilities to achieve this goal.”
To expand investment flow and strengthen networks for its portfolio companies, Madica has also announced a strategic partnership with the African Business Angel Network (ABAN). The collaboration, unveiled during the ABAN Congress in Lagos, will enable deal sharing, co-investments, and greater access to capital for African startups.
“The future of Africa’s innovation economy depends on how effectively we can mobilise local capital and empower local investors,” said Yemi Keri, President of ABAN. “Our collaboration with Madica helps bridge the gap between angel investors and institutional capital, ensuring that more funding comes from within the continent.”
Earlier this year, Madica invested in startups including Medikea, Daleela, Pixii Motors, and ToumAI, reaffirming its commitment to diversity and equitable growth in Africa’s tech ecosystem. The programme continues to welcome new applications from startups with a minimum viable product, paying customers, and full-time founders via its official website.
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