SAAD Investment Holdings
Unit F12, Willowbridge Centre, 39 Carl Cronjé Drive, Tyger Valley, Cape Town, Western Cape, 7550, South Africa
Overview
SAAD Investment Holdings (SAAD) was established in 2006 as the investment arm of the Tree of Life group, with a mandate to steward capital by generating superior returns while impacting lives and communities. The company is an active investor that buys, builds, and grows businesses in key industries for long-term sustainability and the benefit of all stakeholders. SAAD is partnering with management teams and actively supporting the business and its management with the necessary capital, strategic advice and access to business networks.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Banking
- Crowdfunding
- Financial Services
- Insurance
Investment portfolio
- Pargo
Led · Equity · Mar 2017
Pargo, founded in 2015 by Lars Veul and Derk Hoekert and based in Cape Town, operates a proprietary, technology-based physical network that uses existing retail stores to let customers send and receive parcels at dedicated pick-up points. The company has grown its physical collection network to over 1,000 unique pick-up points and has signed up more than 300 retail partners. In 2016 Pargo reported a 629% year‑over‑year increase in revenues and a 463% increase in its client base. The service model centers on using retail partners as collection points to expand logistics reach without building new facilities. Pargo intends to use the new funding to expand sales, launch new marketing efforts, and develop and widen its logistics and fulfillment services offering. As part of the transaction, a representative of the lead investor will join the company’s board.
Team
No current team members are available.