Africa’s longstanding early-stage investment leader, Baobab Network, is poised to significantly amplify its dedication to the African continent. The commitment involves investing in a staggering 1000 African tech companies over the next decade, accompanied by a substantial increase in their funding threshold, doubling the ticket size from $50,000 to an impressive $100,000 for recipient companies.
This remarkable news arrives on the heels of Y-Combinator scaling back its operations on the continent. However, Baobab Network firmly believes that the African tech landscape is brimming with untapped potential and is, in fact, intensifying its commitment in a substantial manner.
Since its inception in 2016, Baobab has stood as an unwavering pillar of support for African startups, furnishing them with crucial funding and invaluable mentoring. Every selected company will now receive a substantial investment of $100,000, coupled with a meticulously crafted 12-week accelerator program, tailor-made to expedite their growth and ensure long-term sustainability.
Baobab Network’s resilience in the face of market challenges underscores the boundless potential of Africa’s burgeoning tech ecosystem. As the organization embarks on its audacious mission to invest in 1,000 startups over the next decade, it epitomizes the indomitable spirit of African innovation and entrepreneurship. This groundbreaking initiative is set to reshape the future of tech entrepreneurship in Africa and propel the continent to the forefront of the global technology landscape.
Photo Source: BY TOM JACKSON
9th October, 2023
Delino Gayweh
Serrari Financial Analyst
Article and News Disclaimer
The information provided on www.serrarigroup.com is for general informational purposes only. While we strive to keep the information up to date and accurate, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
www.serrarigroup.com is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information on the website is provided on an "as-is" basis, with no guarantee of completeness, accuracy, timeliness, or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
In no event will www.serrarigroup.com be liable to you or anyone else for any decision made or action taken in reliance on the information provided on the website or for any consequential, special, or similar damages, even if advised of the possibility of such damages.
The articles, news, and information presented on www.serrarigroup.com reflect the opinions of the respective authors and contributors and do not necessarily represent the views of the website or its management. Any views or opinions expressed are solely those of the individual authors and do not represent the website's views or opinions as a whole.
The content on www.serrarigroup.com may include links to external websites, which are provided for convenience and informational purposes only. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, www.serrarigroup.com takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
Please note that laws, regulations, and information can change rapidly, and we advise you to conduct further research and seek professional advice when necessary.
By using www.serrarigroup.com, you agree to this disclaimer and its terms. If you do not agree with this disclaimer, please do not use the website.
www.serrarigroup.com, reserves the right to update, modify, or remove any part of this disclaimer without prior notice. It is your responsibility to review this disclaimer periodically for changes.
Serrari Group 2023
