Knife Capital South Africa invests in DataProphet

Knife Capital has invested in Cape Town-based machine learning startup DataProphet, which develops and implements product development solutions to a wide range of industries.The investment will help to accelerate the firm’s global expansion.

“DataProphet is a prime example of the kind of cutting edge technologies South African entrepreneurs are capable of developing with global relevance in a fast-growing market. We were impressed with every aspect of the business during our due diligence and subsequent deal closing process, and look forward to the scale-up journey as part of the team,” said Andrea Bӧhmert, Investment Partner at Knife Capital.

DataProphet provides consulting and product development services to a wide range of industries from finance to legal.

“We are delighted to welcome another credible investment partner like Knife Capital on board to become actively involved in strategic elements of the business and to open up their market access networks in pursuit of growth,” said Frans Cronje, managing director and co-founder of DataProphet. Source : Africa Global Funds