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The Baobab Network

Public data, unclaimed profile

Nairobi-based accelerator and early-stage investor founded in 2019: USD 100k per start-up and two years of support from a dedicated venture partner, with an intensive twelve-week programme. 65 start-ups funded across 16 African countries (Terminal, Hadi Finance, Lemonade, RentScore); over USD 55m raised in follow-on funding. African tech start-ups led by African teams, with an MVP and early traction.

Investment thesis

Investment ticket
100 k$ 100 k$
Instruments
Equity
Preferred sectors
SaaS, Fintech, E-commerce, Logistics, Edtech, Digital health, Services*
Target geographies
West Africa, East Africa, Southern Africa, Central Africa, North Africa

* added from its deals

Team and contacts

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Reference deals

Recent public deals: they say better than a thesis what the fund actually signs.

Triply (ex-Tripitaca)

Kenya
Undisclosed amountEquityServicesCo-Invest

Co-investor alongside 500 Global

Activity : Tourism and leisure

Instrument : Equity stake (terms and date undisclosed)

Digital platform for small tourism businesses in Africa: hosts and operators build their packages and sell directly to travellers, without middlemen, and are notified when travellers look for properties. Founded in 2021, renamed Triply in 2024; Y Combinator alumnus (winter 2024).

Why they invested

  • Removes middlemen between small tourism businesses and travellers
  • Y Combinator's first travel-tech investment in Africa (2024)

Team

  • Peter WachiraFounder & CEO
  • Collins MuthinjaCo-Founder

Co-investors Hustle Fund

Source : 500.co

In short

The Baobab Network invests tickets ranging from 100 k$ to 100 k$, across the following sectors: SaaS, Fintech, E-commerce, Logistics, Edtech, Digital health, and Services, in the following areas: West Africa, East Africa, Southern Africa, Central Africa, and North Africa. Check in 30 seconds whether your company fits these criteria.