Startups in Madagascar
Madagascar ecosystem·Southern Africa
StartupList Africa tracks 2 Madagascar startups, which have raised $638K across 3 disclosed rounds. 3 investors have backed them.
Use this page to get a grounded view of startups building in Madagascar, then move into company profiles, sectors, and funding context as the picture sharpens.
Strengths
- Growing digital economy
- Youthful population driving tech adoption
Challenges
- Currency fluctuation risks
- Fragmented regulatory environments
| Company | Sector | Stage | Raised | Employees | Momentum | |
|---|---|---|---|---|---|---|
 Sayna Antananarivo, Madagascar | EdTech | Seed | $638K | 2 | ||
 Jirogasy Antananarivo, Madagascar | Energy | Grant | Undisclosed | 2 |
