d6 Group, a Gauteng-based edtech company has secured an undisclosed amount of funding from Knife Capital, NuState Ventures, and Hlayisani Growth Fund Stellenbosch. Cloud-based communication and management is reportedly the most widely used in Africa and plans to make use of the secured investment for expanding its services and company internationally. Additionally, the funding will be utilized to further product development. The CEO of the EdTech Company, Willem Kitshoff comments on the funding.
“We are glad about our new investors because of their proven track record and ability to support tech businesses to expand internationally. We have a strong technology foundation and market footprint, and with the new strategic investment support, we can now pursue our local and international growth aspirations.”
According to reports, the investment means Hlayisani, Knife Capital, and NuState combined will be the main shareholders.
The co-founder of Knife Capital, keet van Zyl comments on the investment said: “Alignment of shareholder interest behind an entrepreneurial team that is motivated is a critical strategic building block for the creating value and Knife Capital is excited to collaborate with these incredible investors. We are glad that d6 did not depend on the investment from a cash flow runaway perspective, but the funds will allow them to scale more quickly. This is a business with high growth with a product that is amazing, huge addressable market and recurring revenue.”
d6 Group
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 company was established in 2010 with its headquarters in both Gauteng and Pretoria. It provides a stop cutting edge platform that allows educational institutions to manage all their operations and conduct comprehensive communication between parents, schools, and learners.
The platform includes the facilitation of payments solutions, and a fully integrated cloud-based school administration, finance system, and curriculum. Currently, the platform is used by 2,800 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.
