Afrigather The Baobab Network (TBN), a Nairobi-based accelerator that invests in early-stage tech corporations throughout Africa, has introduced its newest cohort of 4 startups, every of which is able to obtain $50,000 USD in funding and progress assist.
The cohort consists of startups from Nigeria, Ethiopia and two from South Africa. Oval Interactive, a Nigerian interactive martech platform, allows individuals to earn and be taught whereas offering manufacturers with a chance to have interaction with customers underneath their flagship product Trivia Billionia.
From South Africa, Lemon is a platform enabling companies to buy industrial provides with ease, and Local Knowledge is a traveltech supporting digital travellers to discover Africa and enrich the lives of locals.
Ethiopia’s Shemach, a market making it simpler for small retailers in Ethiopia to order, warehouse and pay for stock, wraps up the cohort.
Talking on the cohort, Christine Namara, programme lead at TBN, acknowledged: “Our corporations have gone on to boost greater than $50m in follow-on funding since we first launched our accelerator in 2019, so the mannequin is unquestionably working.”
The cohort joins 25 different startups that The Baobab Community has invested in because it launched its accelerator in 2019, together with 5 from the primary cohort earlier this year.
The accelerator has additionally opened applications for Cohort 1,2023.
