On 8th July, Cape Town based venture capital (VC) company “Knife Capital” announced that it had invested in Software as a Service (SaaS) company Cradle Technology Services, based in Cape Town.

Cradle Technology Services provides the SaaS for warehouse management.

Demand for storage management will grow up continuously in Africa, and the demand for their service can be increased.

Commented Cradle CEO Craig Collins : “We now have enough traction with a robust Software as a Service (SaaS) offering to aggressively ramp up local and international business development and marketing efforts”.

According to Grand View Research, the global Warehouse Management System market size is expected to reach $5.7-billion by 2025, progressing at a compound annual growth rate (CAGR) of 16.3% during the forecast period.

 

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Knife Capital invests in 19-year-old SaaS firm Cradle Technology Services