In the past week, Silverbacks Holdings, a Mauritius-based investment firm specializing in Africa-focused ventures, announced its latest investment in NERGii, a South African private venture that provides innovative products to recreational and professional athletes. The investment, made in Cape Town, marks Silverbacks’ entry as a significant minority shareholder in NERGii and secures a seat on the company’s board.
NERGii’s flagship innovation is an advanced insole for athletic shoes that enhances performance by stimulating mitochondrial activity. Acting as a biological battery, these insoles boost energy availability in the body, aiming to improve both recreational and professional athletes’ performance while addressing common consumer pain points.
Ibrahim Sagna, Executive Chairman of Silverbacks Holdings, accentuated that this investment aligns with the firm’s strategy to support growth in the sports sector. “Our partnership with NERGii perfectly complements our portfolio in sports, tech, and lifestyle. We’re excited to leverage our resources to help NERGii promote its groundbreaking products and expand its reach across Africa and beyond.”
NERGii Founder Iain Banner expressed enthusiasm about the collaboration: “We’re thrilled to have Silverbacks on board. Our mission is to restore humanity’s innate potential by harnessing quantum energy to enhance health and performance naturally. With Silverbacks’ support, we’re poised to make a significant impact in the health and wellness market.”
Since its inception in 2019, Silverbacks Holdings has focused on investments in sports, tech, media, and lifestyle sectors across Africa. The firm targets returns of 3x to 5x on its investments and has achieved six profitable exits. Its diverse portfolio includes high-profile investments such as the Cape Town Tigers basketball team, Forever7 Entertainment, and Moove, a global mobility fintech backed by UBER.
