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Since 2021, The Baobab Network has backed 18 African startups across 18 disclosed funding rounds totaling $1M, most heavily in Nigeria and Fintech.
The Baobab Network is Africa's leading accelerator and early-stage investor. It provides funding, hands-on support, and access to a powerful global network to help founders build industry-leading companies. The program is remote, starting with two weeks of intensive consulting followed by three months of support from venture partners and experts. Baobab Network focuses exclusively on African startups at the seed stage. It has participated in seven seed rounds from April 2022 to January 2025, investing a total of $310K. Key sectors include fintech with five investments, alongside cybersecurity and health tech. Geographically, it targets Nigeria with three deals, and one each in South Africa, Kenya, Tanzania, and Zambia. Portfolio companies include CreditChek and Lendha in Nigeria's fintech space, Lemonade Payments in Kenya, Hadi Finance in Nigeria, Mightyfin in Zambia, Community Wolf in South Africa for cybersecurity, and Medikea in Tanzania for health tech.
Data updated · Jul 29, 2026
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The Baobab Network has backed 18 African startups across 18 disclosed funding rounds tracked on Liners, totaling $1M since 2021.
Mostly Seed: 16 of its 18 tracked rounds are at that stage, followed by Venture (Round not Specified) (2).
Its tracked rounds lean toward Fintech (8), Productivity & Workspace (2), Cybersecurity (1), and 7 more sectors.
The Baobab Network is Africa's leading accelerator and early-stage investor. It offers funding, hands-on support, and access to a global network for African startups.
The Baobab Network has backed CreditChek, Hadi Finance, and Lendha in Nigeria; Lemonade Payments in Kenya; Mightyfin in Zambia; Community Wolf in South Africa; and Medikea in Tanzania.