About Silverbacks Holdings
Silverbacks Holdings is a venture capital firm founded in 2019. It is primarily based out of Ebene City, Mauritius. As of Oct 2024, Silverbacks Holdings has invested in 4 companies. It primarily invests in Seed round in Ghana based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Retail and FinTech. Most recently it participated in the $***** Seed round of AMAKA Studio A lot of funds co-invest with Silverbacks Holdings, with names like ATIF sharing a substantial percentage of its portfolio. Silverbacks Holdings has team of 9 people including 4 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed
Portfolio Soonicorns
Silverbacks Holdings' List of All Investments
Silverbacks Holdings has a portfolio of 4 companies. Their most notable investments include MarketForce360 and truID.Their portfolio spans across South Africa and Kenya. They have invested in Enterprise Applications, Retail, FinTech and 1 other sectors, across stages such as Seed stage. Here is the list of all investments by Silverbacks Holdings:Cloud-based operation management solutions for e-commerce brands. The platform enables companies to automate its sales and distribution processes by handling orders, prospects, client data, product and service information, consumer response, stock movement, and more.
Key facts about MarketForce360
- Founded Year: 2017
- Location: Nairobi (Kenya)
- Stage: Series A
- Total Funding till date: $42.6M
- Employee Count: 195 as on Feb 28, 2026
- Investors: Y Combinator, Ventures Platform and 21 Others
- Latest Funding Round: Series A, Feb 22, 2022, $*****
- Highlight: Editors' Pick
2. truID
TruID provides open banking API solutions for banks and financial institutions. It enables to access identity data, balance, and transactions for the user's bank account. It also enables banks to analyze customer profiles and credit scores of customers. The data used through the APIs is stored through encryption.
Key facts about truID
- Founded Year: 2017
- Location: Germiston (South Africa)
- Stage: Seed
- Employee Count: 5 as on Jul 01, 2024
- Investors: Crossfin, Launch Africa and 2 Others
- Latest Funding Round: Seed, Jun 10, 2020, $*****
- Highlight: Editors' Pick
3. AMAKA Studio
Provider of on-demand creative teams for marketing and design projects. This service offers access to vetted creative professionals, project management support, and a seamless platform for collaboration and payment. Clients can scale their creative resources flexibly, paying only for the services needed, without the commitment or cost of full-time hires or agency retainers. The platform facilitates project management, ensuring efficient execution and budget optimization. Various creative services are available, allowing clients to build customized teams to meet their specific project needs.
Key facts about AMAKA Studio
- Location: Accra (Ghana)
- Stage: Seed
- Total Funding till date: $2M
- Employee Count: 27 as on Jul 01, 2024
- Investors: Morgan Stanley, ATIF and 1 Other
- Latest Funding Round: Seed, Oct 03, 2024, $*****
4. Nergii
NERGii is a sports technology company that designs and manufactures innovative shoe insoles aimed at enhancing athletic performance. The company's products utilize cutting-edge technology to provide energy-boosting solutions for athletes. With a focus on the African market, NERGii has received investment from Silverbacks Holdings, a notable venture capital firm.
Key facts about Nergii
- Founded Year: 2018
- Location: Cape Town (South Africa)
- Stage: Seed
- Investors: Silverbacks Holdings
- Latest Funding Round: Seed, Aug 08, 2024, $*****
Silverbacks Holdings' Year-on-Year Investment Trends
Its most recent first time investment was in AMAKA Studio.Silverbacks Holdings' Investments by Stage
Silverbacks Holdings has made 2 investments in Seed stage with an average round size of $2M.Silverbacks Holdings' Investments by Sector
Silverbacks Holdings has a portfolio focused on Healthcare. Notably, it has invested in 2 Enterprise (B2B) companies, 2 Software companies, 2 Tech companies and at least 1 company focusing on Blockchain.Silverbacks Holdings' Investments by Geography
Silverbacks Holdings has made most investments in Ghana (1), followed by South Africa where it has made 1 investment.Silverbacks Holdings' recent investments
Silverbacks Holdings has not made any investment in 2026 so far.Here are the most recent investments by Silverbacks Holdings:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 03, 2024 | Ghana | Seed | 9557 | [+1] | |
Aug 08, 2024 | South Africa | Seed | 7347 | - |
Team profile of Silverbacks Holdings
Silverbacks Holdings has a team of 9 members including 4 Partners located in United States and Egypt. Silverbacks Holdings' team does not sit on the board of any company as of now.Here is a list of all team members in Silverbacks Holdings:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Cairo | - | ||
Partner | United States | - | - | |
Partner | - | - | ||
Partner | - | - | - |
Co-investors of Silverbacks Holdings
Over the past 2 years, 2 investors have co-invested in Silverbacks Holdings's portfolio companies. This includes funds and angels.
- Top Co-investors of Silverbacks Holdings: 2 investors entered a company along with Silverbacks Holdings. These include investors like ATIF (1 company).
Recent News related to Silverbacks Holdings
•
Flutterwave Acquires Mono to Boost Open Banking in AfricaPYMNTS.com•Jan 05, 2026•Mono Solutions, Flutterwave, Mono, Silverbacks Holdings
•
OmniRetail founder, Silverback Holdings invest in South African basketball teamTechpoint.Africa•Jun 10, 2025•Silverbacks Holdings, OmniRetail
•
Silverbacks Holdings Invests in AWFC to Amplify African Combat Sports on the Global StageInnovation-village•Nov 05, 2024•African WarriorsFC, Silverbacks Holdings
•
AMAKA Studio Secures $2 Million to Boost the Global Creator EconomyInnovation-village•Oct 03, 2024•AMAKA Studio, Equitane, Morgan Stanley, Silverbacks Holdings
•
Silverbacks Holdings invests in South African sports tech firm NERGiiInnovation-village•Aug 18, 2024•Silverbacks Holdings, Nergii
•
Silverbacks Holdings invests in African sports-tech firm NERGiiTechMoran•Aug 08, 2024•Silverbacks Holdings, Nergii
