Baobab
Founded 2021 · 53 employees on LinkedIn · 13 known investors
Baobab Risk Solutions provides cyber risk management combining insurance coverage with in-house security technologies, including managed detection and response (MDR), vulnerability remediation, employee security training, and claims handling. It serves companies with revenues up to €1 billion and works with insurance brokers, primarily in the German-speaking market.
Also known as Baobab GmbH
Founders & leadership
Baobab was founded in 2021 by Andrew Saula.
Investors · 13
Also in the syndicate · 9
Company profile
researched Aug 2026Baobab is a Berlin, Germany-based company that combines cybersecurity software with insurance. Its offering assesses a client's cyber risk, applies measures to secure the company against attacks, and insures it against losses arising from cyber incidents. The company positions its product as a bundle in which cyber insurance cover is packaged together with cybersecurity measures rather than sold as a standalone policy.
The company was founded in 2021 by Vincenz Klemm, previously a founder of Gabi, and Anton Foth, formerly of Boston Consulting Group. In January 2022 it announced the completion of a pre-seed funding round of €3.5 million (approximately $4 million) led by Project A Ventures.
Founding story
Baobab was founded in 2021 by Vincenz Klemm, a founder of the insurtech Gabi, and Anton Foth, who previously worked at Boston Consulting Group.
Business model
Baobab sells bundled cyber insurance products that incorporate cybersecurity measures, generating revenue from the distribution of these combined security-and-insurance packages.
Revenue is derived from the sale of bundled cyber insurance products that include cybersecurity services.
Latest developments
In January 2022 Baobab announced a €3.5 million (about $4 million) pre-seed round led by Project A Ventures with participation from La Famiglia, Discovery Ventures and multiple angel investors, including Christopher Oster and Marco Adelt of Clark, Michael Riegel of Comtravo, Hanno Fichtner of Gabi, Emilios Markou and Alexis Pantazis of Hellas Direct, and Philippe Mota and Jan Beckers of Bit Capital and Ioniq.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Operates at the intersection of cybersecurity software and insurance for the SME segment in Germany.
Technology
Software that assesses a company's cyber risk exposure, implements protective measures against attacks, and underpins associated insurance cover against losses.
Go-to-market
Small and medium-sized companies seeking protection against cyber risk and related financial losses.
Geography
Headquartered in Berlin, Germany, with funding raised from German investors.
History
Founded in 2021 in Berlin, the company announced its pre-seed financing of €3.5 million in January 2022, backed by German investors led by Project A Ventures alongside La Famiglia, Discovery Ventures and a group of insurance and technology angel investors.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Timeline · 1
launches, deals, and filingsBaobab announced the completion of a pre-seed funding round of €3.5 million ($4 million) raised from German investors, led by Project A Ventures with participation from La Famiglia, Discovery Ventures and multiple angel investors.
$4M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- Baobab raised €3.5 million in a pre-seed round led by Project A Ventures. | Nordic 9nordic9.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Baobab do?
- Berlin-based provider of bundled cyber risk assessment, security and cyber insurance products for SMEs.
- Who founded Baobab?
- Baobab was founded by Andrew Saula in 2021.
- Who are Baobab's investors?
- Baobab's investors include Augmentum Fintech, La Famiglia, Project A Ventures, Viola Ventures.