Silvertree Capital

Silvertree Capital is a venture capital firm based in South Africa, specializing in early-stage investments, including incubation, seed, and startup funding. The firm focuses primarily on the online and mobile sectors, with particular interest in web applications, B2C e-commerce, and B2B2C sales. Silvertree Capital primarily invests in South Africa, Nigeria, and Kenya, utilizing both personal capital from its management and balance sheet investments. As a subsidiary of Silvertree Internet Holdings, it aims to leverage technology to effectively reach African consumers and invest in companies with simple, proven business models that capitalize on the growing mobile and internet landscape in Sub-Saharan Africa. The firm is committed to operational discipline and capital efficiency, continuously building new businesses while also investing in and acquiring existing companies to foster growth through operational synergies.

Peter Allerstorfer

Founding Partner

Andrew Whale

Chief Financial Officer

Past deals in South Africa

Aumax

Venture Round in 2018
Aumax is an online retailer based in Australia that specializes in luxury watches and sunglasses for men. The company offers a premium collection of timepieces, allowing customers to explore a variety of options through its user-friendly platform. Aumax provides a unique Try-On and Buy service, enabling customers to try watches before making a purchase, thus enhancing the shopping experience and ensuring customer satisfaction. Through its focus on quality and convenience, Aumax aims to meet the needs of discerning consumers seeking high-end accessories.

Ucook

Seed Round in 2016
Ucook is a meal kit delivery service based in Cape Town, founded in August 2014. The company specializes in providing home food delivery that emphasizes the use of local, organic, and fresh ingredients. Ucook delivers meal kits that include easy-to-follow recipes curated by industry-leading chefs, allowing customers to prepare restaurant-quality meals at home. Through its focus on quality and convenience, Ucook aims to enhance the dining experience for its customers while promoting the benefits of organic produce.

CarZar (Pty) Ltd

Seed Round in 2016
CarZar (Pty) Ltd. is an online platform based in Cape Town, South Africa, that specializes in facilitating the sale of second-hand vehicles. Founded in 2016, the company offers users the ability to obtain quotes for their cars, streamlining the selling process. By providing an accessible and efficient service, CarZar empowers consumers to easily sell their vehicles while ensuring transparency and convenience in the transaction.

Pet Heaven

Seed Round in 2016
Pet Heaven is an online pet food store for dog food, cat food, and other pet accessories. It offers medication and breeding products for dogs and cats. The company delivers orders to homes and businesses. Pet Heaven was incorporated in 2010 and is based in Cape Town, South Africa.

Sprout

Seed Round in 2016
Sprout offers online marketing and advertising solutions for large enterprises, SMEs, and capital backed startups. It was founded in 2013 and is headquartered in Cape Town, South Africa.

HumanValue

Seed Round in 2016
HumanValue is a business consultant platform that offers HR consulting and recruitment services. It was founded in 2015 and is headquartered in Cape Town, South Africa.

ShoppingFeeder

Venture Round in 2015
ShoppingFeeder is a feed management and product data optimization platform. ShoppingFeeder was created by Kevin Tucker, an e-commerce expert and the founder of PriceCheck, a shopping and price comparison platforms. The platform was born to help retailers optimize their sales growth and efficiency.

PriceCheck

Acquisition in 2015
PriceCheck (Pty) Ltd is a South African company founded in 2006, based in Cape Town, that operates a product and financial service platform enabling users to compare product prices across various retailers. It has established itself as a leading price comparison destination in Africa, providing customers with the ability to search millions of product prices from hundreds of stores through both online and mobile platforms. PriceCheck enhances the shopping experience by bridging the gap between physical and online retail, offering features such as an intelligent search function and a mobile barcode scanner within its app. In 2010, the company became part of the Naspers group, and as of November 2015, it operates as a subsidiary of Click n Compare Proprietary Limited.

We Are Monsters

Venture Round in 2015
We Are Monsters is a Cape Town-based company founded in 2015 that specializes in developing web and mobile security software, as well as digital marketing solutions. The company offers a comprehensive range of software development services, encompassing all stages of the software development life cycle, including website, mobile, and product development. Additionally, We Are Monsters operates a think tank that focuses on transforming challenges into innovative ideas and products. This think tank combines expertise from creatives, technology experts, sales professionals, and commercial specialists, providing a holistic approach to problem-solving. Through these initiatives, the company aims to assist corporate clients, particularly in the financial sector, in reinventing their services and enhancing customer experiences for retailers.

Ker & Downey Africa

Venture Round in 2015
Ker & Downey Africa Pty Ltd. operates as a safari and travel company. The company offers services in the areas of pre-arranged or packaged tours, including train journeys, self-drive tours, seat-in-vehicle tours, and combination tours; meetings, incentives, conferences, and events; weddings; accommodations; transportation aspects; professional advices, strategies, and materials to operators and agents; foreign independent travel aspects; and general customer service aspects. It provides its services for safaris, honeymoons, family vacations, wellness experiences, golf holidays, adventures, and beach vacations in various destinations in Africa. Ker & Downey Africa Pty Ltd. was founded in 1946 and is based in Cape Town, South Africa.

Faithful to Nature

Seed Round in 2015
Faithful To Nature (Pty) Ltd sells organic and natural products online. The company was founded in 2007 and is based in Cape Town, South Africa.

CompareGuru

Venture Round in 2015
Compare Guru operates as a comparison site for insurance deals and financial products.

Cybercellar

Venture Round in 2013
Cybercellar (Pty.) Ltd. is an online retailer based in South Africa, specializing in the sale of premium wines, beers, liqueurs, and wine accessories. Founded in 1998, the company offers a diverse selection of over 3,000 products, providing customers with access to wines at cellar door prices. Cybercellar serves customers not only in South Africa but also in the United Kingdom, European Union, and the United States. The company ensures convenience by delivering products directly to customers' doors through a reliable courier service. With a reputation for having one of the best selections of wines in South Africa, Cybercellar continues to cater to wine and beer enthusiasts looking for quality and accessibility.