E-commerce holding company Silvertree Internet Holdings plans to invest $10m in Africa-based online companies from the start of 2016.
South Africa-based internet company Silvertree Internet Holdings has pledged to invest $10m in online companies through its Silvertree Capital investment subsidiary in order to increase the size of its owner-operator portfolio.
Founded in 2013, Silvertree operates a range of e-commerce platforms that jointly reached some 25 million unique consumers in Africa last year, 50% more than in 2014. It invested $5m in acquisitions and business building in 2015.
Paul Cook, Silvertree’s founder and managing director, said: “Through our operations across…
