South AfricaTechnology

Silvertree invests over $15 million into Africa

internet treeFrom DION HENRICK in Cape Town,
CAPE TOWN, (CAJ News) – SILVERTREE Internet Holdings has channelled more than US$15 million into African consumer-focused technology companies since inception in 2014.It plans to invest over $10 million in the next 12 months into new and existing portfolio companies that make use of technology to reach consumers, with a focus on growth stage and buy-out opportunities.
The Cape Town-based leading Internet platform has also appointed Freddy Caspers as non-executive Chairman of the Board.
Caspers said he had great ambitions for Silvertree, including building it into the most successful internet technology company across Africa.
Similarly to my approach at RB (Reckitt Benckiser), exceptional people with a performance driven culture and executional excellence will be key to our value creation to transform economic growth across the region,” Caspers said.
Peter Allerstorfer, Founder and Managing Director, said they would partner with like-minded entrepreneurs looking to disrupt large and high margin industries in Africa.“It is still day one of the internet in Africa,” said Allerstorfer.
– CAJ News

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