Toby Hanington

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:

• Member at Opus London Market Ltd. since 20211
• Board Member at Niya ai since 202112

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