A major player in Nigeria's food processing industry that backed OmniRetail's Series A funding.
Corporate VC hits 3-year high: 26 deals, 44% jump + African startups going global
Corporate-backed deals in H1 2025 reached 26, marking a 44% increase from previous periods. This surge represents the first sustained rebound after a flat period between H2 2023 and H2 2024.
Silverbacks’ OmniRetail Exit Showcases Africa’s Startup Strength and Investment Upside
Silverbacks Holdings recorded its ninth successful exit through a partial sale of its stake in OmniRetail. The deal delivered a fivefold return on the original investment, reinforcing Silverbacks' performance in Africa's startup scene.
Condia Insider: 5x returns for this VC firm
Silverbacks Holdings partially sold its stake in OmniRetail for a 5x return, following the startup's $20M Series A raise. OmniRetail's revenue skyrocketed from $280,000 in 2020 to over $120 million in 2023.
Condia Insider: 5x returns for this VC firm
Silverbacks Holdings partially sold its stake in OmniRetail for a 5x return after the startup's $20M Series A raise. OmniRetail's revenue skyrocketed from $280,000 in 2020 to over $120 million in 2023.
Why Flour Mills, Nigeria’s 64-year-old food giant, joined OmniRetail’s $20 million round
Flour Mills of Nigeria invested $20 million in OmniRetail, marking a shift from customer to shareholder. OmniRetail has been recognized as the fastest-growing business in Africa twice.
