Feb 13th, 2025 - Interview
Why P1 Ventures Is Betting on Africa’s Untapped Markets
On CNBC Africa, Mikael Hajjar shares how P1 Ventures is driving contrarian investments by championing Africa’s next generation of tech innovators.
Feb 11th, 2025 - Portfolio Company Update
QED leads Raenest’s $11m Series A
Raenest raised $11 million in Series A funding, led by QED Investors, to expand its reach across Africa.
Feb 7th, 2025 - Fund Announcement
P1 Ventures Closes $50M Fund for Africa’s Next Wave of Innovators
Bloomberg covers P1 Ventures’ milestone $50M fundraise, highlighting our commitment to investing in visionary founders across Africa and scaling bold ideas with global potential.
Jan 28th, 2025 - Podcast
Global Ambitions, Local Talent
Our Managing Partner, Mikael Hajjar, shares how we identify and partner with contrarian African founders building from unexpected places. Listen to the full conversation on AVCA.
Dec 18th, 2024 - portfolio company highlight
Accel leads Nuitee’s $48m Series A
We are thrilled to partner with Mohamed Benmansour as he transforms the travel industry with AI-powered API-first solutions.
Dec 17th, 2024 - portfolio company highlight
P1 Ventures leads JuicyWay’s $3m pre-seed round
We are excited to partner with this exceptional team as they use stablecoin technology to innovate African cross-border payments
Nov 28th, 2024 - podcast
Are African Startups the Next Growth Engines of the World?
Our Managing Partners, Mikael Hajjar and Hisham Halbouny, recently discussed our approach to investing, on The Pitch Perfect Podcast
Nov 18th, 2024 - portfolio company highlight
Amenli cashes in new investment of $2.3 million
Led by the European Bank for Reconstruction and Development (EBRD) Venture Capital arm , along with a follow-on investment from Y Combinator
Oct 14th, 2024 - GITEX GLOBAL Conference
Neobanks shaping the financial landscape
Our Co-Founder M. Mikael Hajjar moderated an insightful panel on how neobanks such as Nubank, Revolut and Chime have been transforming our financial landscape, at this years GITEX Global Conference
Aug 28th, 2024 - portfolio company highlight
N22 and VISA lead $5m Series A in WorkPay
WorkPay Series A use of proceeds will be mostly toward expansion in Francophone Africa
May 28th, 2024 - portfolio company highlight
Stripe’s African arm Paystack partners with P1 Ventures to acquire Brass
Nigerian corporate card and expense management leader Brass will leverage Paystack's payment API infrastructure to expand across Africa
May 8th, 2024 - portfolio company highlight
Mnzl raises $3.5m led by P1Ventures & LocalGlobe
Repeat founder set to build the Creditas of Africa starting with Egypt
Mar 20th, 2024 - Investor highlight
World Bank's IFC allocates $5m to P1 Ventures
The IFC becomes P1 Ventures' first public institutional partner.
Feb 28th, 2024 - Web Summit Qatar
Chari is selected as breakout company
P1 Ventures GP proudly representing Chari's founder on stage in Doha.
Nov 27th, 2023 - Fortune Global Conference
African founders can build global businesses
P1 Ventures' Co-Founder & GP Hisham Halbouny shares how African founders built global businesses such as Gameball, Instabug or Instadeep that can be best positioned for valuable exit opportunities.
Sept 26th, 2023 - CNBC Africa breaking news
P1 Ventures announces second fund's first close
Newly onboarded P1 Ventures' General Partner Hisham Halbouny shares our portfolio construction and investment thesis.
Sept 13th, 2023 - WWBA Assembly insight
African gender lens investing delivers superior returns
P1 Ventures shared at the WWBA Assembly in Nairobi that its portfolio companies cofounded by an African female over-performed their peers on average over the past few years.
Sept 5th, 2023 - portfolio company highlight
Kotani Pay closes $2m Pre-Seed & acquires Fuhlstack
Kotani allows sending money home without internet and acquired Fuhlstack to do a lot more.
Aug 1st, 2023 - portfolio company highlight
Multiply Partners leads $6m Seed in Traction
“Square of Nigeria” Traction to accelerate growth, launch new products and expand regionally
Feb 9th, 2023 - portfolio company highlight
Delivery Hero Ventures leads $16m Series B in Yodawy
Egyptian healthtech Yodawy to scale up with embedded insurance and pharmacy benefit platform and launch in GCC
Feb 6th, 2023 - portfolio company highlight
Gameball closes $3.5m Seed to scale up globally
Egypt-based customer retention and gamified loyalty SaaS markets its product to >1,500 eCommerce and consumer brands across 70+ countries and plans to accelerate growth
Nov 24th, 2022 - portfolio company highlight
ParTech leads $14m Series A in Djamo
YC-backed Ivorian consumer FinTech to expand in Francophone and launch new products
Nov 7th, 2022 - portfolio company highlight
BOND leads $150m Series B in Soonicorn Yassir
YC-backed Algerian Consumer Super App raises mega round to accelerate growth
Oct 31st, 2022 - portfolio company highlight
CommerzVentures leads $31m Series B in MoneyFellows
Egyptian consumer FinTech raises growth capital to scale
Sept 30th, 2022 - press release
Egyptian startups face headwinds
French broadsheet Les Echos quotes P1 Ventures on recent macro-economic challenges that affect the Egyptian tech ecosystem
Aug 31st 2022 - portfolio company highlight
DCG Expeditions' CEO interview features Kotani
Kotani allows to send money without the need of internet or a bank account that is a pain point across most emerging markets says Jocelyn Chang.
Aug 25th 2022 - portfolio company highlight
SubsBase closes its $2.4m Seed
Leading Recurring Payments Management System SaaS has enterprise accounts such as OLX, Clackett or Mermaid and is ready to scale.
Aug 2nd 2022 - portfolio company highlight
Harlem Capital leads $3.7m Pre-Series A in Lami
Leading Kenyan InsurTech is growing fast and announces closing of a Seed extension led by Harlem Capital.
Jun 10th 2022 - portfolio company highlight
Chari completes its third acquisition
The Diago bolt-on acquisition will help Chari accelerate its expansion in Francophone Africa and enter the Cote d'Ivoire market.
Mar 28th 2022 - portfolio company highlight
Egyptian fantasy football announces $3m Seed
Africa is home to the world's youngest and largest number of football fans and Eksab built one of the very best consumer products to "make football more exciting for every football fan".
Feb 23rd 2022 - portfolio company highlight
Kenyan Dapp builds infrastructure for lower cost-remittances
Kotani Pay built on the blockchain a payment infrastructure to lower the cost of cross-border remittance inflow in Kenya integrating with crypto exchanges such as Paxful.
Feb 7th 2022 - portfolio company highlight
Nigerian InsurTech announces $40m Series B round
Reliance Health expands in Egypt with its integrated model delivering lower cost and higher quality of health insurance service.
Nov 11th 2021 - portfolio company highlight
South African InsurTech announces $3m Seed round
Root is set to scale-up beyond its borders leveraging world-leading insurance carriers client base including Sanlam, Guardrisk and Metropolitan.
Oct 6th 2021 - portfolio company highlight
Chari closes largest Seed in Morocco
YC-backed B2B ecommerce Chari raises $5m to expand regionally and launch FinTech product.
Oct 5th 2021 - portfolio company highlight
Amenli annouces a $2.3m Seed
YC-backed Amenli raises the largest InsurTech round in Northern Africa..
Sep 30th 2021 - portfolio company highlight
Verto raises a $10m Series A
Cross-border payment and FX marketplace Verto raises a Series A to scale up operations.
Jul 20th 2021 - press release
Africa InsurTech is poised for growth
Outside of South Africa, Africa's insurance penetration stands below 3% of GDP despite strong market tailwinds.
Jul 5th 2021 - webinar
Africa blockchain opportunities beyond the crypto hype
From digital identity to enterprise payments, blockchain can address some of Africa's infrastructure gaps.
Jun 18th 2021 - podcast
African InsurTech market trends and opportunities
Tunde Salako from AIR and Mikael Hajjar from P1 discuss the rapidly changing African InsurTech market landscape and some of the short-term opportunities it offers.
May 5th 2021 - portfolio company highlight
Lami raises $1.8m round led by Accion
InsurTech Startup Lami to scale up insurance distribution API and grow partnership with WorkPay.
Mar 30th 2021 - portfolio company highlight
Mobile-first InsurTech is poised for growth in Africa
Francophone Africa InsurTech market leader Baloon has benefitted from mobile adoption tailwind
Feb 4th 2021 - portfolio company highlight
Digitizing Africa's Informal Trade
MarketForce’s SaaS manages informal trade's field sales agents and distribution that remains 90% of African economy
Jan 21st 2021 - portfolio company highlight
Lami’s insurance-as-a-service model expected to drive mass adoption
Jihan Abass, Founder and CEO of Lami, explains how its distribution API enables insurers, banks, and other partners to offer digital and flexible insurance to African consumers.
Dec 12th 2020 - portfolio company highlight
OnePipe raises $950k
Nigerian FinTech Startup OnePipe raises $950k in funding from TechStars, Atlantica Ventures, Raba Capital, Ingressive Capital and P1 Ventures.
Oct 14th 2020 - portfolio company highlight
Yassir goes live in Paris & Marseille
Yassir is expanding in France to double-down on its super-app play.
Aug 24th 2020 - portfolio company highlight
MarketForce pitches on YC S’20 Demo Day
When we first met Tesh Mbaabu and his team, we were impressed about how MarketForce has been able to secure a partnership with Safaricom in just a couple of years.
Aug 19th 2020 - portfolio company highlight
WorkPay raises $2.1m
Kenyan start-up WorkPay, a digital human resource management and payroll solution provider, has raised $2.1m in funding from Kepple African Ventures, Y Combinator, Soma Capital, Musha Ventures, P1 Ventures and other angel investors.
Aug 13th, 2020 - webinar
IFC shares P1 Ventures’ analyses
Thank you so much to Rostan Schwab for referencing P1 Ventures in his presentation to the Singapore Business Forum webinar on “Crossing the Fintech Border of Africa”. We're happy to see that IFC shares P1 Ventures’ analyses.
Aug 6th, 2020 - webinar
The Nest investment Pitches
THE NEST connects emerging market entrepreneurs and global business angels. In this episode, we hear about Riby, a cooperative banking platform for SMEs, and Eden, a tech-enabled service that puts your home's chores on autopilot.
Jul 27th 2020 - webinar
Opportunities in the fast-growing tech ecosystem
The University of California at Berkeley and Stanford University have the highest number of graduates that pursue entrepreneurship among US academic institutions. Both universities also have a growing number of African students with only a few of them every year yet who choose to go back and found a tech venture on the continent.