Cape Town-based consumer-focused Internet platform, Silvertree Internet Holdings (SIH), has recorded 330% growth per annum for 2015 to more than $10-million 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 $10-million in investments, to new talented online companies to join its fast-expanding owner-operator portfolio.
Through its business-to-consumer (B2C) ecommerce platforms, which include Click n Compare, Faithful to Nature, Cyber Cellar, Heatlhcard and the recently-acquired PriceCheck, Silvertree Internet Holdings reached 25-million unique consumers in Africa in 2015, an approximately 50% increase on the previous year.
Manuel Koser, SIH founder and MD, comments: “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 e-commerce and price comparison markets.”
Silvertree Internet Holdings operates an owner-operator model, focussing on scaling tech and commerce companies across small, fast growing niches.
In 2015, the company invested $5-million in company acquisitions and business building, and accelerated growth of their brands and new businesses to more than $10-million in revenue. Through Silvertree Capital, 2016 will see the executive team, that includes Koser, Peter Allerstorfer, Paul Cook and Andrew Whale, invest an additional $10-million into African entrepreneurs and e-commerce enterprises.