About Baobab +
Baobab + is a company based in Senegal founded in 2015 by Alexandre Coster was acquired by BioLite in May 2025. Baobab + has raised $14.07 million across 4 funding rounds from investors including BioLite, Norfund and All On. Baobab + offers products and services including Solar Products, Digital Products, and Improved Stoves. Baobab + operates in a competitive market with competitors including Amberflo, British Gas, BioLite, Arcadia and Fathom, among others.
- Headquarter Senegal
- Founders Alexandre Coster
-
Sectors
Energy & UtilitiesTechnology
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Baobab +
Baobab + offers a comprehensive portfolio of products and services, including Solar Products, Digital Products, and Improved Stoves.
Provides clean and reliable energy for households and businesses.
Offers smartphones and tools for digital inclusion and business growth.
Reduces smoke emissions and promotes efficient cooking for daily use.
People of Baobab +
Unlock access to complete
Funding Insights of Baobab +
Baobab + has successfully raised a total of $14.07M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $2.25 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Baobab +
Baobab + has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include BioLite, Norfund and All On.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Impact investing is managed through private equity by Symbiotics Group.
|
Locked | Locked | Locked | |
|
It invests in developing countries to create jobs and improve lives
|
Locked | Locked | Locked | |
|
Investment management firm and venture capital fund focused on multiple sectors
|
Locked | Locked | Locked |
Investor details for Baobab
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Baobab +
Investment portfolio details for Baobab
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Baobab
Detailed financials for Baobab
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Baobab + Comparisons
Peer comparison for Baobab
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Baobab +
Baobab + operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Amberflo, British Gas, BioLite, Arcadia and Fathom, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Cloud-based invoicing and billing solution for businesses
|
|
| Locked | Locked | Locked |
Provider of natural gas exploration and processing sevices
|
|
| Locked | Locked | Locked |
Energy generation from wooden biomass, powerbank and solar kit
|
|
| Locked | Locked | Locked |
Arcadia is focused on providing clean energy solutions through data platforms.
|
|
| Locked | Locked | Locked |
AI-based software for medical coding and PHI de-identification is provided.
|
|
| Locked | Locked | Locked |
Hybrid renewable energy solutions are provided for rural communities.
|
Detailed competitors of Baobab
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Baobab +
Complete news archive for Baobab
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Baobab +
Baobab + was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Baobab + is headquartered in Senegal.
Alexandre Coster is the current CEO of Baobab +. They have also founded this company.
Baobab + is a funded company, having raised a total of $14.07M across 4 funding rounds to date.
Baobab was founded in 2015 in Senegal as a fintech provider specializing in agent-based payment solutions. Operations focus on facilitating bill payments, money transfers, cash withdrawals, and loans through a network of agents. Small-scale businesses are supported for consumers in rural areas. Solar lights are also supplied to schools in underserved regions, enhancing access to essential services.
Baobab +'s top competitors include Husk Power Systems, BioLite and Arcadia.
Baobab + offers Solar Products, Digital Products, and Improved Stoves.
Baobab + has 5 investors. Key investors include BioLite, Norfund, All On, Symbiotics Group, and Triple Jump.