Madica Backs Two New AI Startups to Expand Its Pan-African Portfolio

Madica has invested up to $200,000 each in Tunisia’s Anavid and Morocco’s Hypeo AI, expanding its African startup portfolio..

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Madica has announced investments of up to $200,000 each in two new AI-powered startups, Anavid (Tunisia) and Hypeo AI (Morocco), as part of its strategy to support underrepresented founders across Africa. These companies will also join Madica’s 18-month program, which offers mentorship and training.

Anavid integrates AI with retail cameras to reduce shoplifting losses, co-founded by Ahmed Chaari and David Nilsson.
Hypeo AI, founded by Meriam Bessa and Salah Eddine Mimouni, automates influencer marketing workflows.
Madica also formed a strategic partnership with the African Business Angel Network (ABAN) to enhance investment flow and support for its portfolio companies, facilitating co-investment opportunities.

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