Madica Invests USD 200 K Each In 2 African AI Startups Anavid & Hypeo AI

Madica, the Africa-focused structured investment program affiliated with Flourish Ventures, has announced new investments in two AI-powered startups—Anavid (Tunisia) and Hypeo AI (Morocco). Each will receive up to USD 200 K and join Madica’s 18-month program, which combines funding with tailored mentorship, executive coaching, global investor access, and fully-funded immersion trips.

Launched in 2022, Madica is sector-agnostic and aims to close structural gaps in Africa’s startup ecosystem by backing underrepresented founders, underserved regions, and overlooked sectors.

Its latest portfolio companies include Anavid, co-founded by Ahmed Chaari and David Nilsson, which uses AI to reduce shoplifting through retail camera integration, and Hypeo AI, founded by Meriam Bessa and Salah Eddine Mimouni (and the recipient of an earlier funding round announced in August), which automates influencer marketing end-to-end.

The announcement coincided with Madica’s new partnership with the African Business Angel Network (ABAN), enabling co-investment opportunities and broader investor networks.