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Madica

Madica backs Earthbond in bold pre-seed bet on sustainable solutions

Investing
  • Founded in 2022, Madica provides investment funding of up to $200,000.
  • Nigeria-based Earthbond simplifies access to clean, affordable energy for African SMEs.
  • Earthbond will gain from executive coaching opportunities, and access to Madica’s global network of investors for follow-on funding.

Madica, an investment program tailored for pre-seed stage startups in Africa, is channeling funding in Earthbond, a climate tech startup unlocking affordable, reliable solar energy for Nigerian SMEs.

Following the investment, Earthbond will participate in investment program which includes 18 months of dedicated mentorship support.

“We are excited to be investing in this exceptional startup as it tackles some of today’s biggest climate challenges. We won’t be able to continue the advancements of the African tech ecosystem without addressing power, and we are impressed by the team at Earthbond, their vision, and the technology that provides an affordable and eco-friendly solution. Earthbond has tremendous potential to drive an equitable clean …

Foodtech startups championing food security in Africa through tech

Sustainability
  • Foodtech startups are leading a movement that aims to enhance food security and transform African agriculture into a model of economic viability and sustainability.
  • Nile, a business-to-business (B2B) marketplace seeks to modernise agricultural trade by enabling direct connections between farmers and buyers.
  • Another entity, Sand to Green, employs advanced agroforestry practices and technology to transform arid desert lands into fertile agricultural zones.

In the face of a future where 140 million people in Africa confront acute food insecurity, the emergence of foodtech startups across the continent is starting a new phase in agricultural practices and food production.

Armed with innovative technologies and visionary approaches, these startups are leading a movement that aims to enhance food security and transform African agriculture into a model of economic viability and sustainability.

A trio of visionaries from Amazon, JP Morgan and Luno have established a digital insurance platform Nile, a business-to-business (B2B) marketplace that …