Transport company DKN Transport secures funding from Edge Growth for its expansion plans

SOUTH AFRICA – Edge Growth, through the Engen Convoy Fund, an Enterprise and Supplier Development Fund to promote broad-based black economic empowerment (B-BBEE), has invested in DKN Transport, a level 1 B-BBEE contributor with a 30% black female shareholding. Through this funding, DKN will be able to expand their fleet size and market offering, with additional job creation as a result. Headquartered in Johannesburg since 2004, DKN Transport provides road freight logistics solutions across various industries, nationally and cross-border into Africa. “Traditional logistic companies are still critical enablers to achieving…

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Female-owned battery manufacturer secures US$1.3m investment from Edge Growth

SOUTH AFRICA – Black empowered female-owned SME, I-G3N, which develops lithium-ion batteries, has successfully raised US$1.3 million in investment. I-G3N, the only black empowered female-owned SME to successfully develop lithium-ion batteries specifically for the African continent, received the investment from Edge Growth and the ASISA ESD initiative. Recognizing I-G3N’s capability in designing, developing and manufacturing battery energy storage systems, Edge Growth and the ASISA ESD initiative have partnered with Secha Capital, an impact fund manager that shares a common vision of creating value via financial returns, job creation, funding of…

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Edge Growth partners with chemical service company Massive Quantum

SOUTH AFRICA – Edge Growth, a growth capital impact fund, has announced a partnership with entrepreneurial company Massive Quantum which procures and supplies raw chemical materials and engineering products to South Africa and its neighbouring states. “The technical depth and operational excellence in Massive Quantum are key pillars to a successful pivot and expansion in service offering,” says Vuyiswa Nzimande, Edge Growth Lead Deal Maker. “We believe the company is ready to move along the chemical and engineering value chain and make a notable mark on other niche markets.” Massive…

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Gaming company Sea Monster animation raises US$1m funding from Vumela Fund

SOUTH AFRICA – Sea Monster animation, a gaming and AR/VR company, has raised US$1 million in funding from FirstRand’s Vumela Fund, managed by leading SME venture fund manager Edge Growth to help change the way corporates tackle training and communication globally. Formed in 2011, Sea Monster creates engaging, memorable digital content and experiences using animation and games that drive business and social outcomes. “Towards the middle of 2019, we finally felt that we were ready to actively engage with investors to help us create products, and revenue share opportunities, in…

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