The Vumela Fund, FirstRand’s enterprise and supplier development fund managed by Edge Growth, is proud to announce an exciting new equity investment in Giraffe – an automated high-volume recruitment start-up, using mobile technology and matching algorithms.
Vumela was the lead Investor in this round which also included global impact investor The Omidyar Network as well as local investors Forever Young Capital and Catapult Trust
Sam Tennant, Investment Principal at Edge Growth, says that Vumela is excited to partner with this exceptional team of entrepreneurs and investors.
“We believe this funding round will enable Giraffe to aggressively scale its offering to impact thousands of jobseekers as well as improve its value proposition to the company's corporate customers. Our strong alignment in values was a key determinant in our investment decision. It's inspiring to see companies looking to create such positive social impact through sustainable and scalable business models.”
“There are very few credible early stage investors in South Africa. Edge Growth stood out to us amongst other investors because of their credible track record, excellent team and strong alignment with our values”.
The Giraffe team: Shafin Anwarsha (Head of Product), Anish Shivdasani (CEO), Bradley Cowie (Head of Development)
Edge screens 300 SMEs, shortlisting 30 high-potential SMEs suitable for growth support.
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