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Gauteng-based edtech company d6 Group has secured an undisclosed amount in investment funding from Knife Capital, Hlayisani Growth Fund Stellenbosch and NuState Ventures.
Edtech company d6 Group has secured an investment
The cloud-based management and communication platform is reportedly the most widely used in Africa and plans to use the secured investment towards the international expansion of its services and company. In addition, the funding will be used to further develop products.
Willem Kitshoff, CEO of the EdTech company d6 Group comments on the funding secured.
“We are extremely excited about our new investors because of their proven track record and ability to support tech businesses to scale internationally. We have a strong market footprint and technology foundation and with this new strategic investment support, we are now able to pursue our local, as well as international growth aspirations.”
According to reports, the investment means that Knife Capital, Hlayisani, and NuState combined will be the majority shareholders.
Keet van Zyl, the co-founder of Knife Capital comments on the investment made into the innovative edtech company.
“Alignment of shareholder interest behind a motivated entrepreneurial team is a critical strategic building block for creating value and Knife Capital is delighted to partner with these credible investors. We liked that d6 wasn’t dependent on the investment from a cash flow runway perspective, but the funds will enable them to scale more rapidly. This is a high-growth business with an amazing product, recurring revenue and a huge addressable market.”
Founded in 2010 with headquarters in both Gauteng and Pretoria, d6 Group provides a one-stop cutting-edge platform where educational institutions can manage all their operations and conduct comprehensive communication between a school, parents and learners.
The platform includes payment facilitation solutions and a fully integrated cloud-based school administration, curriculum and finance system. Currently, the platform is used by over 2800 schools.
“The d6 mobile application enables around one million parents to stay up to date with school-related matters. Gone are the days of a one-size-fits-all approach. The chat apps typically used within friendship groups don’t provide for the sophistication and security required for a school environment,” adds Kitshoff.
Featured image:Willem Kitshoff, CEO of the EdTech company d6 Group (Supplied)