D6 Group, a South African adtech company that provides cloud-based management and communications platforms for schools, has raised anonymous funding from Knife Capital, Helisani Growth Fund Stellenbosch and Newstate Ventures.
According to reports, the company plans to use the new funds to expand its services and the company internationally and develop new products.
Founded in 2010, the D6 Group provides educational institutions with a holistic platform for managing all their work and for wider interaction between schools, parents and students. Its solutions provide community engagement solutions that enable effective communication with parents while significantly improving the organization process, significantly reducing the burden of administration on the school management team.
The d6 Group’s platform includes payment facility solutions and a fully integrated cloud-based school administration, curriculum and finance system. The platform is currently used by more than 2800 schools in South Africa and abroad.
Commenting on the funding, D6 Group CEO Willem Kitshoff said,
“We are very excited about our proven track record of new investors and our ability to support the business of technology internationally. We have a strong market footprint and technology foundation, and with the support of this new strategic investment, we are now able to pursue our local aspirations.” “
Kitsoff claims that the d6 mobile app enables around one million parents to stay up-to-date on school-related matters. He believes that the one-size-fits-all approach is long overdue and that chat apps commonly used in friendship groups do not provide the sophistication and security needed for a school environment.
Keith Van Zill, co-founder of Knife Capital, said:
“The motivated entrepreneurial team is an important strategic building block for creating stakeholder interest alignment value and Knife Capital is delighted to partner with these trusted investors. It’s a high-growth business with an amazing product, recurring revenue and a big address market. “
“We were impressed by the team culture and work ethic. The kitshoff and broad d6 team demonstrate a keen interest in improving learning through humility, professionalism and innovative and technical competence. Van Lake continued.
According to reports, the Kitshoff family will retain a meaningful stake in the d6, while the majority of shareholders will be Knife Capital, Haleysani and Nustet as a result of the investment.
d6 is currently the cloud-based school management and communication platform in South Africa. It is headquartered in both Gauteng and Pretoria.
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