Baobab Secures €12M in Series A Funding Round
Deal News | Jun 04, 2025 | Augmentum Capital LLP
Baobab, an innovator in the field of cybersecurity insurance, has successfully completed its Series A funding round, raising €12 million. The funding round aims to bolster Baobab's ability to offer insurance solutions that are seamlessly integrated with a risk mitigation platform, essential for EU companies operating in increasingly high-risk cyber environments. Renowned venture capital group Augmentum Capital LLP, a stakeholder in Baobab, participated in this investment round, joining existing backers such as Project A. Leading this funding were Viola Fintech and eCAPITAL, highlighting the increasing investor confidence in solutions that mitigate growing cyber threats. This capital injection positions Baobab strategically to enhance its service offerings in an era where cyber risk is a significant concern for businesses.
Sectors
- Cybersecurity
- Insurance
- Financial Services
Geography
- European Union – Baobab targets EU companies with its cybersecurity insurance solutions, indicating its operational focus.
Industry
- Cybersecurity – Baobab operates in the cybersecurity industry, offering solutions to protect companies from cyber threats.
- Insurance – Baobab integrates insurance with risk mitigation, making it part of the insurance industry focused on cyber risk.
- Financial Services – Augmentum Capital LLP and other investors like Viola Fintech and eCAPITAL are part of the financial services industry.
Financials
- €12 million – The total amount raised by Baobab in its Series A funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Baobab | Target company | Company | Baobab specializes in cyber insurance integrated with risk mitigation. |
| Augmentum Capital LLP | Investor | Company | A venture capital firm that invested in Baobab's €12 million Series A funding round. |
| Project A | Existing investor | Company | An existing investor in Baobab, participating in the Series A round. |
| Viola Fintech | Lead investor | Company | A lead investor in Baobab's Series A funding round. |
| eCAPITAL | Lead investor | Company | A lead investor in Baobab's Series A funding round. |