Capetonian ebook pulisher Snapplify sends word this morning that it’s finished its second funding round.
It’s raised more capital from existing investor and former-FNB boss Michael Jordaan and his VC fund, AngelHub Ventures, and it’s also added NuState Capital and an unnamed UK investor to its list of backers.
Snapplify is a mobile app for digital publishing which has been around for ten years for magazines and ebooks. More recently, it is has been focussed on education publishing to support new classroom technologies, a strategy that has paid off as authorities in Kenya and South Africa have begun to deploy tablets to public schools. This has seen Snapplify add new features and products to its line-up. Snappbox for example, is a local server that hosts content and DRM keys for schools that don’t have quality internet access, and it has recently set up offices in Nairobi and Europe to expand.
According to the press release, the new funds will be used to accelerate international expansion, primarily in Africa. The size of the investment hasn’t been revealed.
Author: htxt.africa Team