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African Startup Funding Tracker

$3,561,929,000+

*Data updated daily at 18:00 EAT

Nairobi-Based Accelerator The Baobab Network Invests Four African Startups
Nairobi-Based Accelerator The Baobab Network Invests Four African Startups

The Baobab Network (TBN), a Nairobi-based accelerator that invests in early-stage tech companies across Africa, has announced its latest cohort of four startups, each of which will receive USD 50 K USD in funding and growth support. The cohort consists of startups from Nigeria, Ethiopia, and two South Africa.

Oval Interactive, a Nigerian interactive martech platform, enables people to earn and learn while providing brands with an opportunity to engage with consumers under their flagship product Trivia Billionia. Lemon is a platform enabling businesses to purchase industrial supplies with ease, and Local Knowledge is a travel tech supporting digital travelers to explore Africa and enrich the lives of locals from South Africa. Ethiopia’s Shemach, is a marketplace making it easier for small retailers in Ethiopia to order, warehouse, and pay for inventory.