South African Investment group to pump $10m into African Startups

by | Jan 12, 2016

Silver Internet Holdings (SIH), has unveiled intentions to invest $10 million in African Startups in 2016 through its investment arm, Silvertree Capital.

With its array of eCommerce platforms which include Click ‘n’ Compare, Healthcart and recently reacquired PriceCheck among others, the Cape Town-based firm managed to close a successful 2015 at 330% p.a growth with a 25 million consumer base. This brought it to $10 million revenue within barely 2 years since it began operation.

As a result of its success, the company now looks to invest that $10 million  in upcoming talented online companies to join its fast-expanding owner-operator portfolio.

According to Manuel Koser, SIH Founder and MD: “Our meteoric growth in 2015 has been driven by execution-focused delivery across all of our portfolio companies, as well as a number of company acquisitions that are already delivering positive returns. Our job now is to build on this momentum to maintain our aggressive growth trajectory and cement our dominance in the African eCommerce and price comparison markets.”

SIH looks to invest in tech-powered, niche commerce companies, first in South Africa and then spreading to other emerging markets in Africa. SIH founder and MD, Peter Allerstorfer is however quick to point out that the company is neither an incubator or a VC: “we are in the business of building businesses, through accelerated, highly targeted investment and growth strategies, with proven businesses,” he says, “we are entrepreneurs who invest in like-minded entrepreneurs. Our search for young, dynamic, hungry talent who want to scale faster and outpace their competitors, will be a key focus for us in 2016.”

Photo Credit: John McCloy via Compfight cc

Múyìwá Mátùlúkò
Múyìwá Mátùlúkò

Chief Servant. I bully myself because I make me do what I put my mind to.

On January 22, 2022, be part of the largest gathering of innovators, startup founders, thinkers, programmers, policymakers, and investors in West Africa. Register free.

0 Comments

Recent News

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Crypto Explorer

A monthly series featuring in-depth analysis on the cryptocurrency sector in Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap