The Baobab Network, a Nairobi-based Accelerator Supports Four African Start-ups With $200,000
Four new startups have been selected for the latest cohort of The Baobab Network (TBN), a Nairobi-based accelerator that funds and supports the growth of early-stage internet companies throughout Africa.
Startups from Nigeria, Ethiopia, and two South African companies make up the cohort. Oval Interactive, a Nigerian interactive martech platform, offers businesses the chance to communicate with customers through their flagship game Trivia Billionia while also enabling people to earn and learn.
From South Africa, Local Knowledge is a traveltech that helps digital tourists discover Africa and improve the lives of locals, while Lemon is a platform that makes it simple for businesses to buy industrial supplies.
The final member of the cohort is Shemach, an online marketplace that makes it simpler for small shops in Ethiopia to order, store, and pay for products.
Our companies have raised more than $50m in follow-on funding since we first began our accelerator in 2019, so the approach is unquestionably effective, said Christine Namara, TBN’s program head, in reference to the cohort.
The cohort joins 25 more firms that The Baobab Network has backed since the commencement of its accelerator program in 2019, including 5 from the inaugural batch from earlier this year.
Additionally, the accelerator is already accepting applications for Cohort 1,2023.
