# Malagasy Investment Club

> Malagasy Investment Club is a VC fund in Antananarivo backing Training and Nutrition. See 2 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Antananarivo, Madagascar
- Total investments: 2
- Last investment: Apr 2022
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/malagasy-investment-club/
- Website: https://www.malagasy-inv-club.com/
- Facebook: https://www.facebook.com/MalagasyInvestmentClub

Malagasy Investment Club is a VC fund in Antananarivo focused on Training and Nutrition. MAIC Club is formed by 8 Malagasy Entreprenuers to offer an entrepreneurial approch to investment.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Training | 1 | 50% |
| Nutrition | 1 | 50% |
| Organic Food | 1 | 50% |
| Professional Services | 1 | 50% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| SAYNA | Sayna is to provide high-quality training in the digital sector and provide professional chances to young people by bridging the gap between the growing demand and supply for digital talent in Africa. | $600K | Seed | Apr 26, 2022 |  |
| Moringa Wave | We sell to the local and export market and are building an international brand for Madagascar moringa products in the United States, Europe and Asia. Moringa Wave’s vision is to create a world where everyone has the resources and the knowledge to access good nutrition and its mission is to improve nutrition and increase farm income in Madagascar.Moringa Wave has established a network of growers scattered in different regions of Madagascar through a partnership with government agencies and non-governmental organizations. Currently the company has three production sites in the regions of Atsimo Andrefana, Diana, Menabe. Another production unit is based in Antananarivo for processing, packaging and storage. In Diego area we work with two associations each with 40 women to produce the moringa leaf. In Tulear we work through NGOs which have an established network of farmers to source the moringa seeds. Moringa Wave have set up a sustainable processing system which follows the circular economy and zero waste principles. Nothing is thrown away the paper packaging used in biodegradable and sourced locally. The chocolate is also sourced locally building another budding industry in Madagascar. The company’s growth in terms of sales has increased by over 150% since inception. This is a testament to the significance of the sector in contributing to the overall economic gain of the value chain players. The production volume is constantly growing to keep up with the demand. We are constantly developing new products to suit the market needs and have pioneered the moringa chocolate which no one was producing in Madagascar and in all Africa. |  | Seed | Dec 01, 2021 |  |

2 of 2 investments shown.

## Co-investors
- [Launch Africa](https://shizune.co/investors/profile/launch-africa) — VC Fund, 1 deal together
- [Orange Ventures](https://shizune.co/investors/profile/orange-digital-ventures) — VC Fund, 1 deal together

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### Similar stage
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### Similar country
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## Featured in investor lists
- [Organic Food Investors in Africa](https://shizune.co/investors/organic-food-investors-africa)
- [All Investors in Madagascar](https://shizune.co/investors/investors-madagascar)
- [All VC Funds in Madagascar](https://shizune.co/investors/vc-funds-madagascar)

## FAQ

### What does Malagasy Investment Club invest in?

Malagasy Investment Club invests primarily in Training, Nutrition and Organic Food startups, most often at Seed stage. Most of the 2 investments tracked by Shizune back companies in Madagascar. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Malagasy Investment Club last invest?

The most recent investment recorded for Malagasy Investment Club closed in Apr 2022. Shizune tracks 2 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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