Education technology company Snapplify has raised R30-million in “expansion capital” from Knife Capital via its Sars section 12J VC firm KNF Ventures and investment manager Hlayisani Capital’s Hlayisani Growth Fund.
Browsing: Wesley Lynch
Anecdotal evidence suggests there’s been huge growth in the SA technology start-up space in the past year, most of it coming from the Western Cape. It appears the stars are aligning for local tech entrepreneurs: bandwidth is getting cheaper, investor numbers are growing and SA is being seen as an important entry point into Africa
SA entrepreneurs have unrealistic expectations and a romanticised idea of what angel investment or venture capitalism means. They often blame circumstances beyond their control for their inability to secure funding, rather than focusing on their idea and ensuring it’s sufficiently