Baobab Network was founded in 2016 and has since established itself as a leading accelerator and VC in Africa. With investments in 60 companies across 16 African countries, Baobab is a key player in the African startup support ecosystem.
Startups in Africa often struggle in the early stages of development, for this reason Baobab is focused on assisting at the pre-seed stage and are often the first investors after friends and family. Through their accelerator Baobab provides hands-on support, teaching founders how to problem solve, go to market and scale. Founders also get access to their extensive network of experts, investors and fellow entrepreneurs. Baobab provides Founders with a $100k first cheque, which helps Founders kick-start their growth, as well as access to follow-on funding from a global network of investors.
Their support does not stop there. Baobab is committed to assisting startups through the entire journey, connecting them with investors and funding opportunities at every stage. Baobab’s alumni have gone on to raise over $60 million in follow-on funding.
Baobab’s reputation for backing high quality startups, coupled with their extensive knowledge of African markets, has gained them the trust of the international community. Through their co-investment options Baobab provides a reliable channel for capital to flow from the US, Europe and Asia into African businesses.
Solve Hub is excited to have Klyne Maharaj, director of Baobabs accelerator, speaking during the Solve Hub Build Program. Klyne will be sharing insights on what it looks like to be ready for accelerators and more!
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