Nairobi-based accelerator The Baobab Network has introduced that it has invested in five new startups for its most up-to-date cohort. The accelerator backs early-stage tech corporations throughout Africa.
The new cohort contains corporations in Nigeria, Kenya and Tanzania, and takes The Baobab Network’s whole portfolio dimension to 35 with every of the brand new corporations receiving $50,000 in funding.
The startups are:
- Medikea (Tanzania) is a patient-centric telemedicine platform that gives full affected person autonomy by way of on-demand session, at-home checks and diagnostics enabling people to search care conveniently, spend much less cash and save time.
- Vutia (Kenya) is a B2B beauty market that seamlessly connects casual retailers of cosmetics, magnificence, and private merchandise with prime manufacturers and suppliers.
- Tripitaca (Kenya) is a journey tech firm constructing a Shopify-like product with embedded financing for Africa’s 26 million journey small and medium companies. The platform permits lodging suppliers to enhance their income by enhancing occupancy charges, in addition to offering them with an working system and entry to inexpensive monetary providers.
- Messenger (Nigeria) is a last-mile service offering end-to-end logistics and provide chain options for shoppers in cities throughout Nigeria.
- Swahilies (Tanzania) is an SME book-keeping platform that permits SMEs to document their transactions (gross sales, spending, money owed) and handle their companies in addition to ship and obtain funds.
“We are really proud of this cohort. Each team is made of excellent executors who are trying to solve big problems within their markets. We have seen their ability to make exponential progress in a short amount of time and we think that with our support and funding, they are now ready to scale rapidly,” mentioned Wanjiku Kimani, admissions lead at The Baobab Network.
Last yr in September, the startup invested $200,000 in 4 different African startups.
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