Fundraising Fox

The Baobab Network

Acceleratoroperating company · company profile

Pre-Seed–Seed · 1 people tracked

Also known as New Venture Africa Ltd

Find your way into The Baobab Network

11,909 people in our graph share verified history with the The Baobab Network team — schools, employers, funds. One of them is your warm intro.

Hemant Tanejaunlockedknows Niama El Bassunie · together at Y Combinator
×7knows the team · via Y Combinator
×2knows the team · via The London School of Economics and Political Science (LSE)
×2knows the team · via The University of Sheffield
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Investment thesis

The Baobab Network backs early-stage African founders, providing a first cheque of $100k alongside an intensive 12-week accelerator program. It helps founders refine product-market fit, accelerate traction, and prepare for follow-on fundraising through its global investor network. The firm positions itself as a long-term partner, offering ongoing support via its Baobab OS platform and expert partners to help companies scale across the continent. It also runs a Scout Programme to source promising startups across Africa.

Invests inSector AgnosticAfrica

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Seed
Check
$100K
Instruments
Equity
Founded
2015
Net assets · FY2024
$2.7M
Portfolio companies
60

Team · 1 people

from the firm's website

What they invest in

from 33 of 60 portfolio companies

Fintech ×19SaaS ×17AI & Machine Learning ×7E-commerce ×4Enterprise Software ×4Marketplaces ×4Data & Infrastructure ×3EdTech ×3

HQs:Kenya×5Nigeria×4Ethiopia×1United Kingdom×1Morocco×1Tanzania×1

Portfolio companies · 60 tracked

alumni founders can tell you what the program is really like
Adafriadafri.co
Alerzoalerzo.com

Co-investorsFJ Labs

Analyticabianalyticabi.app
Beblockybeblocky.com
Branddrivebranddrive.co

BrandDrive is a business management platform that combines accounting, point-of-sale, payments, and AI-driven insights into a single system for small and medium businesses.

FintechRetail TechSaaS

Buncebunce.so
Buyambuyam.co

Buyam is a mobile marketplace app that lets shoppers search for products, see nearby stores offering them with prices and locations, then chat and negotiate directly with verified vendors before buying.

AI & Machine LearningE-commerceMarketplaces

Coliscolis.ma

Colis.ma provides parcel shipping and delivery services, including fast and low-cost shipment of goods from Morocco to business recipients in Europe.

Logistics & Supply Chain

Communitywolfcommunitywolf.com

Community Wolf operates a safety intelligence platform that ingests real-world safety signals and exposes risk data (hex-level scores, route risk, and place insights) through an API for developers, insurers, logistics teams, and security operators.

AI & Machine LearningData & InfrastructureInsurTech

Co-investorsFuel VenturesVastly Valuable Ventures

Condigitalethcondigitaleth.com

Con Digital builds an enterprise management platform for Ethiopian companies, covering project oversight, procurement and inventory, HR and payroll, finance, CRM, and fixed-asset tracking in one system.

Construction TechEnterprise SoftwareSaaS

Creditchekcreditchek.africa

CreditChek provides credit-assessment infrastructure and APIs that let lenders and credit businesses in Africa verify borrowers' identity, income, and credit history and analyze consumer banking data.

Data & InfrastructureFintechSaaS

Drcadxdrcadx.com

Co-investorsOui Capital

Drugstoredrugstore.ng

Drugstore.ng is an online pharmacy in Nigeria where customers can compare prices for prescriptions and medications, upload prescriptions, and consult pharmacists.

Digital HealthE-commerceMarketplacesLagos, NG

Eduskoedusko.com𝕏

Edusko operates a web-based platform that matches children with K-12 private schools and provides access to tuition financing, letting parents compare schools, obtain tuition discounts and low-interest loans, and enroll online.

EdTechFintechMarketplaces

Jide AYEGBUSI(Founder)in

Co-investorsInjini

Emaishapayemaishapay.com
Fxkudifxkudi.com
Getmessengergetmessenger.ng

Co-investorsNama Ventures

Getpocketdocgetpocketdoc.com

PocketDoc is a medical reference application for physicians and healthcare professionals, offering AI-based clinical answers, disease diagnosis and treatment guides across 23 specialties, a drug database, drug interaction checks, and reference values.

AI & Machine LearningDigital HealthHealthtech

Getscandiumgetscandium.com

Scandium offers autonomous AI testing for web and mobile applications, using AI agents to generate and run test cases that uncover hidden bugs, edge cases, and gaps beyond scripted flows.

AI & Machine LearningDeveloper ToolsSaaS

Gettholagetthola.com

Thola offers energy margin software for high-load small businesses such as restaurants, gyms, and laundromats, helping them identify peak-cost periods, recover those costs through a recommended Energy Premium, and lower future bills via load shifting and energy upgrades.

CleantechEnergySaaS

Gladefinancegladefinance.co

Glade Finance offers an all-in-one platform providing AI-driven working capital, invoice financing, letters of credit, global payments (fiat or stablecoin), yield, and card and expense management.

AI & Machine LearningFintechLogistics & Supply Chain

Hadihadifinance.comin𝕏

Hadi Finance offers invoice discounting for SME suppliers, allowing them to convert outstanding invoices into immediate working capital via a web and mobile platform.

FintechRetail TechSaaS

Co-investorsMicrotractionGriffin Gaming PartnersMakers Fund

Hubiqhubiq.africa
Ifunzaifunza.com

iFunza is a school management and parent-engagement app that lets families track student grades, attendance, and school bus location, pay school fees via M-Pesa, apply for fee loans, and shop for school supplies.

ConsumerEdTechFintech

Iwomitechnologiesiwomitechnologies.com
Kakbimakakbima.comin𝕏

Kakbima is an insurtech company offering an insurance management and distribution platform that connects insurers, distribution partners (brokers, agents, micro-insurers), and customers to handle products, policies, claims, quotations, premium payments, and CRM in one system.

Enterprise SoftwareFintechInsurTechSaaSNairobi, KE

Kawukawu.ug

Kawu provides a fingerprint-based payment and savings account for students at boarding schools, letting parents send pocket money and letting students pay at canteens and shops, withdraw cash from campus agents, and make calls from school phone booths.

EdTechFintech

Lendhalendha.com
Localknowledgetourslocalknowledgetours.com
Mudupaymudupay.com

MuduPay offers financial tools including a mobile wallet for peer-to-peer transfers via mobile numbers with cash withdrawals at agent shops, a money transfer service for remittances to Africa, and a business management product covering inventory, payments, and workforce.

Fintech

Mylemonademylemonade.io

Lemonade is a fintech company offering payment processing for businesses of various sizes and industries, including retail, e-commerce, hospitality, and travel, with support for bank transfers, mobile money, and salary disbursements.

Fintech

Nestinesti.africa

nesti is a fintech app that lets informal workers in Africa — entrepreneurs, freelancers, contractors, and gig workers — pay rent to their landlord and build a bank-trusted credit profile ("RentScore") from consistent, on-time payments.

FintechImpact & Social GoodPropTech

Opusanalyticsopusanalytics.ai
Ovalinteractiveovalinteractive.com

Oval Interactive builds a platform and technologies for interactive video, combining low-latency cloud video streaming with web and mobile interfaces that support user interaction, data collection, and audience monetization.

Cloud ComputingMedia & EntertainmentSaaS

Pavelonpavelon.com
Peercarbonpeercarbon.earth

PeerCarbon builds a governance and disclosure platform for banks and financial institutions to calculate, document, and audit financed and avoided emissions from their portfolios.

Climate TechFintechSaaS

Pennysmartapppennysmartapp.com
Photondataphotondata.io

Photon Data offers a universal semantic layer that sits between data sources and data consumers in the modern data stack, letting data teams deliver consistent, trusted data across analytics and AI use cases.

AI & Machine LearningData & InfrastructureSaaS

Pocketfoodpocketfood.io
Powerfull Technology Limitedpowerfull.techin𝕏

Powerfull Technology develops technology solutions for solar and battery system optimization to enhance energy management and financial returns for residential and commercial properties.

CleantechEnergyIoTDewsbury, GB

Co-investorsTechstars

Primedehealthprimedehealth.com
Rafikirafiki.works

Rafiki Works is a fractional agency and talent platform that sources, vets, and places senior South African specialists and micro-agencies into client teams across AI engineering, automation, go-to-market, growth, design, and SEO.

Regulonregulon.io

Regulon offers an EMEA-focused compliance platform that automates business onboarding through document collection, fraud detection, PEPs and sanctions screening, online presence checks, and KYB information retrieval.

CybersecurityFintechSaaS

Rippledeskrippledesk.co
Saalalsaalal.com

Saalal offers ALAL, a financial product that provides low transaction rates to help businesses reduce costs and simplify their operations.

Fintech

Shagopaymentsshagopayments.com

Shago is a Nigerian fintech application that lets users carry out electronic transactions including bill payments, airtime and data purchases, fund transfers, account opening, transport and flight ticketing, betting, and e-commerce.

ConsumerE-commerceFintech

Shemachshemach.co
Sidebriefsidebrief.comin𝕏

Sidebrief is a platform that enables business incorporation and compliance management across African markets, offering company registration, tax filing, licenses, and ongoing regulatory support.

Enterprise SoftwareGovTechLegalTechMiddletown, US

Abdulwaheed Yusuf(Founder)in

Co-investorsTechstarsVelocity Digital

Swahiliesswahilies.com

Swahilies is an API-first payments platform for collecting payments, paying suppliers across borders, and automating bookkeeping, connected to African payment rails such as M-Pesa.

FintechSaaS

Swyftlogisticswyftlogistic.com
Terminalterminal.africain

Terminal Africa is a logistics platform that connects African businesses to 13+ local and international shipping carriers for global deliveries.

B2B MarketplacesE-commerceLogistics & Supply ChainSaaS

Nnamdi Okoh(Founder)in

Co-investorsBattery VenturesCathexis VenturesFirst CircleDFS LabGolden VenturesWayfinder Ventures+1 more

Togo Cargotogo-cargo.com
Tradevutradevu.co
Triplytriply.coin

Triply provides an integrated platform for travel businesses in Africa that consolidates payments, invoicing, payroll, accounting, and operational management in one system.

Enterprise SoftwareFintechMarketplacesSaaSNairobi, KE

Peter Wachira(Founder)inCollins Muthinja(Founder)in

Co-investors4DX VenturesOui CapitalY Combinator

Tryenvoyxtryenvoyx.com

EnvoyX provides financial infrastructure that connects lenders, corporates, and businesses to enable asset-based financing, offering transaction-data credit, instant settlement, supply chain finance, and AI-assisted underwriting tools.

AI & Machine LearningFintechSaaS

Twendetwende.app

Co-investorsOui Capital

Useaktivateuseaktivate.com

Aktivate is a platform that helps brands discover, collaborate with, and pay African influencers, offering search filters, campaign management, and analytics tools.

Creator EconomyMarketing TechSaaS

Voveidvoveid.com

VOVE ID provides identity verification, KYC/KYB, liveness, and sanctions/AML screening through a single API, covering government ID checks across 2,100+ document types and 190+ countries.

CybersecurityFintechSaaS

Vutiavutia.ke
Workskuadworkskuad.com

Portfolio news

latest coverage across their companies

Principals & officers · per Companies House

what is this? ⓘ
Stephen Victor Castle

Director · British · since 2018

Thomas Oliver Fairburn

Director · British · since 2015

Toby Jones Hanington

Director · British · since 2015

Karim Amir Shariff

Director · American · since 2020

Ownership & control

Toby Jones Haningtonright to appoint and remove directors

Thomas Oliver Fairburnright to appoint and remove directors

Frequently asked questions

How many investments has The Baobab Network made?
The Baobab Network has 60 tracked investments.
What stage does The Baobab Network invest at?
The Baobab Network invests at the Pre-Seed, Seed stages.
What is The Baobab Network's typical check size?
The Baobab Network typically writes checks of $100K.
What sectors does The Baobab Network focus on?
The Baobab Network focuses on Sector Agnostic.
Who does The Baobab Network co-invest with?
The Baobab Network most often shares deals with Oui Capital, Techstars, Battery Ventures, among 12 tracked co-investors.

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