Madica Invests in ChipMango and Four African Startups
Quick Reads
- Madica is investing in five African startups across Nigeria, Algeria, Cameroon and Egypt.
- Each startup will receive up to $200,000 alongside support through Madica’s 18-month programme.
- Nigeria’s ChipMango is focused on semiconductor engineering, chip design and Edge
Madica, an investment programme supporting early-stage African startups, has announced fresh investments in five startups across the continent, including Nigerian semiconductor company ChipMango.
The five startups are ChipMango in Nigeria, Paysika in Cameroon, Talenteo in Algeria, and Delta Oil and Bekia in Egypt. Each startup will receive up to $200,000 and join Madica’s 18-month investment programme.
The programme will also provide the founders with mentorship, executive coaching, fully funded founder immersion trips and access to a global network of investors.
For Nigeria, the investment goes to ChipMango, a company working to develop Africa’s semiconductor ecosystem. The startup focuses on chip design services, engineering education and localised Edge AI products.
Madica’s latest investments also mark its first institutional investments in Algeria and Cameroon, two markets where venture capital funding remains relatively limited.
The other startups are working across different sectors. Paysika provides digital banking and payment services in Central Africa, while Talenteo offers digital HR tools to businesses in Francophone Africa. Egypt’s Delta Oil connects used cooking oil collection networks with international buyers, while Bekia focuses on digital recycling and waste collection.
Madica said the new investments are part of its goal to make early-stage funding more accessible to founders beyond Africa’s traditional startup hubs.
The move highlights growing investor interest in African startups building solutions across technology, finance, sustainability and other key sectors.
