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Toby Hanington
Co-Founder @ Baobab Network | Early-Stage Investor across Africa
Toby Hanington is a co-founder and entrepreneur with significant experience in the finance and venture capital sectors. Here are some key details about him:
Professional Background
Toby Hanington is the co-founder of The Baobab Network, a venture capital firm he established in 2016.12 The Baobab Network focuses on investing in early-stage startups across Africa, with ambitious plans to become a leading early-stage investor on the continent.3
In addition to his role at The Baobab Network, Hanington holds the following positions:
Career History
Prior to founding The Baobab Network, Hanington worked in Equity Finance Sales & Trading at UBS Asset Management (UK) Ltd. from 2013 to 2016.12
Education
Hanington completed his education at:
- University of Bath (2010-2014): Bachelor of Science (BSc) in Business Administration and Management2
- Simon Fraser University (2013): Bachelor of Business Administration (B.B.A.) in Entrepreneurship/Entrepreneurial Studies2
- Wellington College (2004-2009)2
Recent Developments
In April 2024, The Baobab Network acquired Reflector Marketing, a South African-based strategy and branding agency. This move aims to strengthen Baobab's support for African startups by providing in-house marketing, branding, and digital services.3
Hanington commented on this acquisition, stating that it "epitomised Baobab's ambitious plans and long-term commitment to investing across Africa." The company has set a goal to invest in 1000 African startups by 2033.3
Highlights
Call for startups! 📣 📣 📣
Are you building in one of these spaces in Africa?
Or a founder itching to start something?
Comment below, tagging your startup with a brief description and we'll fast track your application to join Baobab Network. 🚀 🚀 🚀
Cameroon take 2! 🇨🇲
Weʼre delighted to announce Buyam as Baobab Network's latest investment! 🚨 🚨
Buyam is redefining e-commerce for Cameroonians, offering a platform that connects merchants, resellers, and consumers through seamless transactions, delivery services, and data-driven product recommendations. 💻
The company is led by co-founders Mambe Churchill Nanje and Manjong Kelvin, who have a combined 25+ years experience across e-commerce & software development. With some extraordinary early traction, we are confident these are the guys to truly tackle the $30B African e-commerce market! 🌍
Welcome Mambe, Manjong, and the entire Buyam team – weʼre excited to support your journey! 🚀
