Africa Angel Investors NetworkBaobab+
Baobab+ is a social enterprise specializing in access to energy and digital services. It provides a pay-as-you-go (PAYG) financing model that enables households and businesses to acquire solar energy solutions, smartphones, and digital tools.
Location: Senegal
Website: https://www.baobabplus.com/
Sector: Energy
Funding Stage: Debt, Grant, Venture Round, Grant, Debt, Grant, Debt, M&A,
Total Funding ($m): 27.2
# of Founders: 1
Founding Year: 2015
Funding Year: 2025
Status: Active
| Year | Amount | Stage | Investors |
|---|---|---|---|
| 2021 | $4.7m | Debt | FEI-OGEF, Energy Entrepreneurs Growth Fund |
| 2021 | $0.5m | Grant | Off Grid Market Development Fund |
| 2021 | $11.75m | Venture Round | Norfund |
| 2022 | $1.5m | Grant | USAID |
| 2022 | $5m | Debt | Symbiotics |
| 2022 | $1.5m | Grant | USAID |
| 2024 | $2.25m | Debt | All On |
| 2025 | $Undisclosedm | M&A | Biolite |
 | Founder & CEO  |