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§ Private Profile · Berlin, Germany
European insurtech company offers cyber insurance and security solutions for SMEs, combining coverage with risk monitoring.
Baobab is a European insurtech company based in Berlin, Germany, that provides cyber insurance policies and cybersecurity solutions tailored for small and medium-sized enterprises. The organization operates a business-to-business model that combines traditional financial coverage with continuous network risk monitoring and active incident response services to help its commercial clients prevent and mitigate ongoing digital threats. Operating primarily across the DACH region of Germany, Austria, and Switzerland, the company distributes its underwriting products and risk management services through an expanding network of independent insurance brokers. To support the initial development of its proprietary underwriting platform and internal security technology infrastructure, the enterprise secured €3.5 million in pre-seed funding from lead venture capital investors including Project A Ventures, La Famiglia, and Discovery Ventures. Baobab was officially founded in 2021 by co-founders Vincenz Klemm and Anton Foth.
Baobab has raised $18.0M across 2 funding rounds.
Baobab has raised $18.0M in total across 2 funding rounds.
Baobab has raised $18.0M across 2 funding rounds. Most recently, it raised $14.0M Series A in June 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2025 | $14M Series A | Willi Mannheims, Daniel Tsiddon | Ecapital Entrepreneurial Partners, Viola Ventures, Alexis Pantazis, JAN Beckers, Philippe Teixeira DA Mota, Christof Mascher, Project A | Announced |
| Jan 1, 2022 | $4M Seed | Project A Ventures | Double Prime LLP, Ecapital Entrepreneurial Partners, Embedded Ventures, Entrée Capital Ventures, Felix Capital, Latitud, Monashees, Outrun Ventures, Possible Ventures, Viola Ventures, Carlos Julio Garcia, Gokul Rajaram, JAN Beckers, Philippe Teixeira DA Mota, Emilios Markou, Alexis Pantazis, Christian Henschel, DR. Christopher Oster, DR. Marco Adelt, Hanno Fichtner, Martin Kissinger, Michael Riegel, Discovery Ventures, LA Famiglia | Announced |
Baobab Systems is a Kenya-based technology company that delivers tech solutions and services to small, medium, and large organizations across Africa, focusing on leveraging advanced technologies for business growth and sustainability.[1] It provides end-to-end support, including implementation of varied tech solutions, with a mission to become the leading technical support partner for businesses in Africa by simplifying complex technologies.[1]
The company serves corporations needing reliable tech infrastructure, solving challenges in scalability, reliability, and growth through customized services that exceed expectations.[1] While specific growth metrics are not detailed, its expansion from Kenyan implementations positions it as an emerging player in Africa's tech services market.[1]
Baobab Systems was established to address technology gaps in African businesses, though the exact founding year is not specified in available sources.[1] Operating primarily in Kenya, it has evolved by implementing solutions in numerous local corporations, building a reputation as a reliable partner focused on long-term business sustainability.[1] Key emphasis lies on its commitment to end-to-end technological needs, humanizing its role through customer-centric reliability and exceeding expectations in critical business operations.[1]
(Note: Multiple entities share the "Baobab" name, such as Japan's BAOBAB Inc. specializing in AI training data[2][3] or South Africa's Baobab Technologies[5]; this analysis centers on Baobab Systems as the primary match for a general technology services firm.[1])
Baobab Systems rides the wave of Africa's digital transformation, where technology adoption drives economic growth amid rising internet penetration and business digitization.[1] Timing aligns with increasing demand for localized tech support in emerging markets like Kenya, countering global players by offering Africa-focused reliability.[1] Market forces such as infrastructure investments and SME tech needs favor its model, influencing the ecosystem by empowering local corporations and fostering sustainable tech integration.[1]
Baobab Systems is poised to expand as Africa's leading tech partner, capitalizing on continental digital infrastructure growth and AI/cloud adoption trends.[1] Evolving regulations and pan-African trade could amplify its influence, potentially through partnerships or regional scaling. Its reliability edge positions it to shape SME resilience, tying back to its core promise of technology-fueled business success.[1]
Baobab has raised $18.0M in total across 2 funding rounds.
Baobab's investors include Willi Mannheims, Daniel Tsiddon, eCapital Entrepreneurial Partners, Viola Ventures, Alexis Pantazis, Jan Beckers, Philippe Teixeira da Mota, Christof Mascher, Project A, Project A Ventures, Double Prime LLP, Embedded Ventures.