The Venture Codex

Led · Equity · Sep 2025

Ctrack delivers data-driven telematics and asset-management solutions that push customers from basic visibility to actionable, foresight-based decision-making. Its cloud-based Crystal platform aggregates and analyzes vehicle and equipment data to improve efficiency, safety and operational planning for fleets across logistics, construction, government and insurance sectors. With roughly 40 years of product innovation, the company now operates across Africa, the U.K., Europe and Australia. Recent strategic moves include the acquisition of Inseego’s international telematics business, a deal that expanded Ctrack’s global footprint and was supported by existing shareholder Convergence Partners. The newly raised capital will be channeled into further international expansion and continued innovation on Ctrack’s unified technology platform, reinforcing its ambition to remain a worldwide telematics leader.

Led · Equity · Jul 2024

EduLife is a network of independent schools in South Africa providing diverse and tailor-made education across the economic spectrum. The group reports continued growth in its existing schools driven by demand for quality, affordable education. Sanari Capital has made a R80 million (c. $4.4 million) follow-on investment to support the business. The capital will be used to entrench schools in their Free State foundation and expand into the Eastern Cape, Western Cape and potentially Gauteng. Part of the funding will also be deployed to expand capacity in existing schools to serve more learners. EduLife positions itself as an affordable alternative enabling students to progress at the same pace as peers in more metropolitan areas. Company leadership emphasizes inclusive, modern, tailor-made educational excellence to prepare students for future demands.

Participated · Series A · Dec 2018

Snapt builds a software-only application delivery controller (ADC) that provides load balancing, acceleration and security tailored for DevOps, cloud, cloud-native and virtualized deployments. Its ADC is used by customers ranging from start-ups to the Fortune 500 and emphasizes flexibility, performance and virtualization. The company plans to use its new funding to expand sales and marketing globally, grow its US presence and worldwide channel program, and to invest in research and development. Snapt is privately held, was founded in South Africa, and has its headquarters established in Atlanta, Georgia with offices in South Africa. It is backed by African institutional investors including Convergence Partners and 4Di Capital. The company highlights strong customer traction in enterprise and intends to continue developing new protocols and executing its IP strategy. Snapt provides virtualized and cloud-based load balancing, web acceleration and security software. The company serves a global customer base of 10,000 customers across 50 countries. It offers a startup package at USD 55 per month that includes 24/7/365 service availability and an average response time of three minutes. Launched in 2012 and led by CEO Dave Blakey, Snapt is headquartered in Johannesburg, South Africa, and recently opened its first US office in Atlanta. Snapt received $1M in growth funding from Convergence Partners and plans to use the capital to expand operations.