Silvertree Capital, South African-based business builder and venture capital investor, has recently announced that Zando co-founder and former Managing Director Peter Allerstorfer will be joining the company.
Allerstorfer announced his resignation from the online fashion retailer earlier this year as he will be leaving to join former Zando co-founder and Managing Director Manuel Koser and ex-McKinsey colleague Paul Cook at Silvertree Capital, which has investments in several internet companies in South Africa and Nigeria.
“I am happy to have helped develop Zando into South Africa’s largest fashion e-commerce player. I am now ready to tackle new ventures with Silvertree Capital and we are looking to promote fresh and exciting business opportunities that have great prospects of growth” said Peter. “There is a lot we are working on at the moment and we should be announcing 1-2 more investments before the end of the year.”
Silvertree Capital has listed investments in a broad range of rapidly expanding internet businesses which involve healthcare, e-commerce and online feedback systems.