Businesses in Silvertree Capital’s investment portfolio achieved gross profit growth of 14 per cent during 2014, the venture capital (VC) firm has said, and are now ready for aggressive scaling.
Disrupt Africa reported late last year Silvertree Capital was planning to make more investments in 2015 after a relatively quiet 2014, with the Kenyan capital Nairobi a target as the company looks to expand its operations.
The company has now confirmed some figures from its operations last year, which include the likes of CyberCellar, WineCo, Sprout, Click n Compare, PinPoll, HealthCart and Aythan, the latter based in Dubai.
“All verticals are post-revenue, whilst two are break-even. Altogether, they are growing rapidly – with a gross profit growth of 14 per cent per month – and are ready for aggressive scaling. In just 12 months, two of Silvertree’s portfolio companies have turned profitable,” Silvertree Capital said.
The company confirmed CyberCellar sold 225,000 bottles of alcohol during 2014, PinPoll generated 2,154 polls and 330,000 answers, and Sprout managed an advertising spend of ZAR10 million (US$860,000).
“These numbers set the standard for the transformation that is expected to take place within African startups in the year ahead. Thanks to companies like Silvertree Capital, entrepreneurship within Africa is slowly able to reach its full potential,” the company said.
