CAPE TOWN, 25 September 2019
Leading global edtech company, Snapplify, has secured $2 million expansion capital from venture capital firm Knife Capital, and empowered African investment manager Hlayisani Capital’s Hlayisani Growth Fund. The funding will boost the company’s continued growth into new markets.
‘We’ve been following Snapplify’s impressive growth journey since inception and it is a privilege to finally partner with the company and its stakeholders,’ says Andrea Bӧhmert, Co-Managing Partner at Knife Capital, adding: ‘Africa faces a wide range of social and economic challenges, from access to affordable tertiary education, to a skills shortage across a number of key industries. Though it would be over-optimistic to say that e-learning alone can solve these problems, the impact is clearly measurable. At Knife Capital we believe in investing in companies that solve real problems and in doing so generate meaningful returns to stakeholders and shareholders alike. Snapplify is such a company and we look forward to being part of the next growth phase.’ Bӧhmert will join Snapplify’s board of directors.
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