Venture funding for African online education
South African online preschool education startup Play Sense has received an R8.25 million (~$457,500) investment from Enygma Ventures, a US-based venture capital firm. Play Sense was founded in 2015 by Lara Schoenfeld and Meg Faure. The startup offers two online programs aimed at personalising care and stimulation for two and three year olds.
Enygma’s investment in Play Sense is the first from a R100 million (~$5.5million) purse that will go to a cohort of 11 women-led startups in the Southern African Development Community. The VC held an investment readiness program earlier this year, and other startups like Play Sense who qualified from the series will receive up to R10 million (~$554,500). |