January 12, 2016 IBOMLLC Team

Silvertree Internet Holdings to Invest $10m in African Startups in 2016

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

South African Consumer Focused Internet Platform Closes 2015 with Record 330% Y-O-Y Growth to >$10 M in revenue

Silvertree Internet Holdings, the Cape Town-based consumer focused Internet platform, is today announcing it has recorded 330% p.a growth for 2015 to >$10m in revenue, its strongest year since operations began in 2013. Following this news, the company’s investment arm, Silvertree Capital, will start 2016 with a plan to deploy $10m [R158M] in investments, to new talented online companies to join its fast-expanding owner-operator portfolio.

Through its B2C ecommerce platforms, which include Click n Compare, Faithful to Nature, Cyber Cellar, Healthcart and recently-acquired PriceCheck, Silvertree Internet Holdings reached 25m unique consumers in Africa in 2015, a ~50% increase on the previous year.

Manuel Koser, SIH Founder and MD says: “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 …read more

Read more here:: Silvertree Internet Holdings to Invest $10m in African Startups in 2016

      

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