Snapplify raises R29m

Snapplify raises R29m

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EdTech company Snapplify has raised $2 million (R29.7 million) to accelerate its international expansion initiatives and advance its data analytics capabilities to enhance classroom teaching effectiveness.

Snapplify currently has offices across South Africa, Nairobi, Amsterdam and New Jersey.

This round of growth funding will enable the company to gain more customers and increase its market footprint through business development, growing the team and refining customer-led product features.

Snapplify specialises in enabling digital learning for individuals and institutions by establishing a marketplace for digital education content and related educational services and devices.

The funds were raised from venture capital firm Knife Capital through its SARS section 12J Venture Capital Company, KNF Ventures, and empowered African investment manager Hlayisani Capital’s Hlayisani Growth Fund.

Snapplify CEO Wesley Lynch said, “Snapplify is looking to change the way students access content in both developed and developing countries”.

The startup presently offers elearning solutions to over 1,400 schools, colleges and universities that are striving towards digital learning and the use of ebooks in the classroom.

It gives more than 200,000 students digital access to integrated learning tools and empowers teachers to embrace blended learning and teaching methods.

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