Deal Street

African Startup Funding Tracker

$422,389,000+

*Data updated daily at 18:00 EAT

The Baobab Network Invests In Five New African Startups
The Baobab Network Invests In Five New African Startups

The Baobab Network, Africa’s leading tech accelerator, is proud to announce its most recent cohort. With this, The Baobab Network broadens its portfolio to include five new start-ups from Kenya, Togo, Nigeria, Guinea, and Morocco, each backed with a USD 50 K USD capital injection. Aside, from the cash injection every company receives, they will also receive a customized, expert-led accelerator program, which facilitates valuable connections with leading angels and VCs through a Demo Day.

The startups include, Kenyan startup Afrigility, a startup offering B2B e-commerce fulfilment and on-demand warehousing solutions; Eazy Chain from Togo, Togo Cargo, which provides an integrated logistics solution offering air, sea, and road freight services, facilitating seamless cargo transportation; ePoultry, a Nigerian agriculture marketplace offering poultry farmers input credits, advisory services; MuduPay from Guinea Conakry that has built a platform that enables Africans to move money via online payments from anywhere using their world-class technology tech stack; and Colis.ma, a Moroccan progressive logistics marketplace.

The Baobab Network is an accelerator based in Nairobi that invests in Africa’s boldest tech entrepreneurs. With an extensive portfolio of start-ups, Baobab provides cash investment, mentorship, and operational support to enable rapid scale and growth.