Andrea Böhmert, partner at Knife Capital and executive chairperson of DataProphet, and Frans Cronje, CEO of DataProphet.has completed its $10 million Series A funding round.
This latest round is the first investment made by Knife Fund III, the newly-launched fund supporting the international ambitions of African scale-ups. “Accelerating the international expansion of DataProphet, given the leading nature of its technology, is exactly the mandate of our new fund – and it couldn’t be more fitting for our first investment to be a follow-on investment from our existing cohort,” comments Keet van Zyl, co-founder and partner at Knife Capital.
“I am excited about the continued support DataProphet has received from Knife Capital,” says Frans Cronje, CEO of DataProphet. Andrea Böhmert, partner at Knife Capital and executive chairperson of DataProphet, says: “It is fantastic that the launch of Knife Capital’s Fund III allows us to continue supporting DataProphet in its journey to become the leading provider of impactful AI solutions for the manufacturing industry.