Knife Capital, Hlayisani Growth Fund Stellenbosch, and NuState Ventures have invested an undisclosed amount in Gauteng-based edtech company d6 Group. The cloud-based management and communication platform is reputedly the most frequently used in Africa, and the company intends to use the secured funding to expand its services and company internationally. Furthermore, the funds will be used to enhance product development.

“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,” Willem Kitshoff, CEO of the EdTech company d6 Group said. 

Why The Investors Invested

“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,” Keet van Zyl, the co-founder of Knife Capital said. 

According to reports, Knife Capital, Hlayisani, and NuState will be the majority shareholders as a result of the investment.

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A Look At What d6 Group Does

d6 Group, which has offices in Gauteng and Pretoria, was founded in 2010 to provide an all-in-one cutting-edge platform for educational institutions to manage all of their operations and conduct complete communication between schools, parents, and students.

Payment facilitation options are included, as well as a fully integrated cloud-based school administration, curriculum, and finance system. Over 2800 schools are currently using the platform.

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“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.

d6 Group funding d6 Group funding