Madica Backs Egypt’s Delta Oil & Bekia Among Five New African Investments
Summary
Madica added five startups in four African markets to its portfolio, including Egypt’s Delta Oil and Bekia. The investment program provides up to USD 200,000 per company along with an 18-month support package that includes mentorship, executive coaching, founder immersion trips, and investor access. The cohort spans financial services, HR technology, semiconductors, and the circular economy, showing Madica’s broad sector approach. The new investments also expand Madica’s reach into Algeria and Cameroon as it continues backing founders in underserved African markets.
Funding
Amount
$200.0K
Total raised
Date
September 16, 2026
Announcement date
Investors
-
Lead investors
Company
deltaoileg.com
Funded company
AskAI Classifications
Sectors
No sectors detected
Functions
Human Resources
Workforce Management
Talent Management
Linked Companies
Talenteo
$1M to $5M