Nabilah Safira
TechInAfrica – Today, Snapplify, the Cape Town-based edtech company has announced a raised of 2 M (more than R29 M) in expansion capital. It came from the two SA funds venture capital firm Knife Capital through its SA Revenue Service (Sars) Section 12J Venture Capital Company, KNF Ventures, and black empowerment investment manager Hlayisani Capital’s Hlayisani Growth Fund. Snapplify was founded by Wesley Lynch in 2011 and is a company that offers e-learning solutions for more than 1400 schools, colleges, and universities that strive toward digital learning and focus on e-book for learning materials in the classroom.
According to the statement, Knife Capital said that the investment will accelerate Snapplify’s global expansion initiatives and also improve its data analytics capabilities to enhance the effectiveness of classroom teaching. Snapplify claimed that the country’s biggest ebook aggregator and distributor, with an ebook offering over 350,000 titles from more than 250 book publishers. To present solutions in the e-learning ecosystem, the company partners with various governments and education departments, and thus help to provide the materials to classrooms across the continent. As claimed by the company, it provides more than 200,000 students digital access to integrated learning tools and to empower teachers in a blended learning setting and teaching methods. Schools with a limited or no wi-fi connectivity can also use ebooks with Snappbox, which is Snapplify’s hardware distribution solution that allows these schools access to learning materials, saving data, and download time.
Originally, Snapplify was backed by AngelHub Ventures, which invested an undisclosed amount in its seed and Series-A rounds, along with global investors. Now AngelHub forms part of Hlayisani Capital’s Growth Fund, which includes a focus on education and edtech. Currently, Snapplify’s offices are distributed across South Africa, Nairobi, Amsterdam, and New Jersey. The company also eyeing an expansion to the UK, in which Knife Capital’s London presence will further boost Snapplify’s initiatives.
Source: Ventureburn.com
