← All fundsThe Baobab Network
Public data, unclaimed profileNairobi-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
- Niama El Bassunie — Managing Partner
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Reference deals
Recent public deals: they say better than a thesis what the fund actually signs.
Triply (ex-Tripitaca)
KenyaUndisclosed 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 Wachira — Founder & CEO
- Collins Muthinja — Co-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.