South Africa-headquartered edtech firm Zelda recently raised angel funding worth USD 30 K, which brought the startup’s total funding to USD 100 K including incubator funding.
In an electronic conversation with WeeTracker, Zelda CEO Dominic Shorr revealed that the funds are being invested into the further development of the edtech’s client facing services. The recent funding from angel investors will also be used to scale up marketing and user acquisition.
Investors that participated in the latest round include Bas Hochstenbach, Fredrik Gerner and Justin Drennan, who according to Shorr, have become members of the Injini Edtech Incubator, which is Zelda’s first seed investment. Hochstenbach is a co-founder at Asilia Africa and an angel investor for Skill-Up Tutors, while Gerner is a co-founder of Ampelmann Operations and a partner at Foward.one VC group. Justine Drennan is ParcelNinja co-founder and investor for Superbalist.
According to Shorr, Zelda chose these investors because each of them bring their own kind of experience from different industries, “As well as important networks to help with sales.” This was the verbatim of the startup during their last fundraising.
In what was the Cape Town-based known last financial development, the edtech firm secured its first angel round of R500 K from a trio of local angel investors. According to the company’s announcement, the funding was a result of an introduction from SA VC Andrea Bohmert, who is a partner of Knife Capital.
Zelda was founded in 2017 by three ex UCT students Carla Wilby, Jasanth Koodley and Dominic Shorr, and operates a bursary management platform that assists organizations in finding and selecting talented youths for the purpose of funding their advanced education. The trio, who crossed paths in the University of Cape Town, put heads together to bridge the gap between willing organizations and potential-showing youths that want to further their studies.
Featured Image: Injini