Vumela Fund, managed by Edge Growth, invests $1m in Sea Monster
Posted on: 16 July, 2020 at 6:05 PM
South African animation, gaming and AR/VR company Sea Monster today announced the conclusion of a $1 million investment from FirstRand’s Vumela Fund, managed by SME venture fund manager Edge Growth.
Sea Monster’s creative digital products have solved communication, change management, staff engagement and learning challenges for some of the largest corporates in South Africa and around the world. FNB, Capitec, Alexander Forbes, Old Mutual, the South African Reserve Bank, Shell and Mediclinic International are just a few of Sea Monster’s clients.
The Vumela Fund offers financial investment into entrepreneurial companies as well as non-financial growth support and access to markets to its investees.
“Sea Monster has proven that they are industry leaders in creating innovative digital solutions for corporate challenges which are more impactful and scalable than traditional solutions. We are impressed by the team’s skillsets and experience and by their deep passion to drive solutions that deliver both business and social outcomes. This aligns to our business objectives at Edge Growth,” says Nivesh Pather, Edge Growth lead deal maker. “Through this investment and partnership, we fully expect Sea Monster to become a recognised global player in interactive experiences and solutions which change the way corporates engage their consumers and employees.”
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