Fund manager (General Partner), AVCA member, pan-African venture capital. Assets under management: ≈ USD 60m.
Criteria published by the fund, recorded and checked by Invest Matching.
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Recent public deals: they say better than a thesis what the fund actually signs.
Lua
April 2026 · KenyaSeed5.8 M$EquitySaaSCo-Invest
Co-investor alongside Norrsken22
Activity : Enterprise software (SaaS)
Lua has raised $5.8 million in a seed round led by Norrsken22, with participation from Flourish Ventures, 20VC, P1 Ventures, Phosphor Capital, and Y Combinator, alongside angel investors including Privy CEO Henri Stern, Opendoor CEO Kaz Nejatian, and Nuitee CEO Med Benmansour.
Co-investors 20VC, Flourish Ventures, Phosphor Capital, Y Combinator
Source : techinafrica.com
MoneyBadger
July 2025 · South AfricaPre-Seed400 k$EquityFintechLead
Activity : Payments and mobile money
MoneyBadger, a South African crypto payments startup founded by Luno co-founder Carel van Wyk, has raised a $400,000 (R7 million) pre-seed round to scale adoption of its Bitcoin payment infrastructure.
Source : techcabal.com
Better Auth
June 2025 · EthiopiaSeed5 M$EquitySaaSCo-Invest
Co-investor alongside Peak XV Partners
Activity : Cybersecurity
An Ethiopian Coder Just Raised USD 5 M To Build A New Login System For Everyone.
Co-investors Y Combinator
Source : weetracker.com
Salus Cloud
June 2025 · NigeriaSeed3.7 M$EquitySaaSCo-Invest
Co-investor alongside Atlantica Ventures
Activity : Cloud and software infrastructure
Salus Cloud Raises $3.7M to Tackle African DevOps ‘Blind Spot’.
Source : launchbaseafrica.com
Series A11 M$EquityFintechCo-Invest
Activity : Money transfer and remittances
Raenest provides multi-currency accounts and financial services enabling African individuals and businesses to transact across borders.
Why they invested
- Improve Africans' access to global financial services
- Deepen operations in Nigeria
- Strengthen presence in Kenya
Co-investors Norrsken22, QED Investors, Seedstars Africa Ventures, Ventures Platform
Source : avca.africa
Juicyway
December 2024 · NigeriaPre-Seed3 M$EquityFintechLead
Activity : Payments and mobile money
Image: Juicyway Juicyway, a leading payment startup using stablecoin technology to transform cross-border payments connecting people
Co-investors Future Africa, Magic Fund, Microtraction, Ventures Platform
Source : launchbaseafrica.com
Kotani Pay
September 2023 · KenyaPre-Seed2 M$EquityFintechLead
Activity : Money transfer and remittances
Kotani Pay develops blockchain-based payment infrastructure for cross-border payments and remittances.
Why they invested
- Reduce the cost of cross-border remittances
- Serve underbanked African populations
- Enable transfers even without internet connectivity
Co-investors Adaverse, DCG/Luno, Flori Ventures, Peer VC
Source : techcrunch.com
Traction
August 2023 · NigeriaSeed6 M$EquityFintechCo-Invest
Activity : Payments and mobile money
Traction provides small businesses with payment acceptance, financial management and operational tools.
Why they invested
- Digitize Nigerian SME operations
- Address shortcomings in traditional banking services for SMEs
- Build an integrated platform combining payments and financial services
Co-investors Multiply Partners, Ventures Platform
Source : techcrunch.com
November 2022 · Côte d'Ivoire Series A14 M$EquityFintechCo-Invest
Co-investor alongside Partech Africa
Activity : Neobank and digital banking
Vehicle : Partech Africa
Djamo offers a mobile banking app for Francophone Africa (Visa card, virtual accounts, automatic savings, salary deposit) to drive financial inclusion.
Why they invested
- Largest-ever equity round for a startup in Côte d'Ivoire
- Targets a market where fewer than 25% of adults have a bank account
- Over 500,000 customers, Y Combinator-backed
Co-investors Axian CVC, Enza Capital, Janngo Capital, Launch Africa Ventures, Oikocredit
Source : partechpartners.comN1 · Primary source
Series B40 M$EquityDigital healthCo-Invest
Co-investor alongside Partech Africa
Activity : Health platforms and software
Vehicle : Partech Africa
Reliance Health is a digital healthcare provider offering health insurance, telemedicine, prescription delivery, and a network of partner and proprietary clinics in emerging markets.
Why they invested
- Largest-ever Series B round in African digital health
- Integrated insurance + care delivery model for health inclusion
- Co-investment alongside international players (General Atlantic, Tencent)
Co-investors AAIC, Arvantis Social Foundation, General Atlantic, Laerdal Million Lives Fund, M3 Inc., Picus Capital, Tencent Exploration
Source : partechpartners.comN1 · Primary source
Root
November 2021 · South AfricaSeed3 M$EquityFintechCo-Invest
Activity : Insurtech
Root provides APIs that enable businesses and developers to launch digital insurance products quickly.
Why they invested
- Simplify the launch of digital insurance products
- Build technology infrastructure for insurance
- Enable expansion beyond South Africa
Co-investors Base Capital, FireID, Invenfin, Luno, Savannah Fund
Source : techcrunch.com
Verto
September 2021 · KenyaSeries A10 M$EquityFintechCo-Invest
Activity : Money transfer and remittances
Verto is a B2B payments platform enabling SMEs to pay suppliers across multiple currencies and emerging markets.
Why they invested
- Improve interoperability between African currencies
- Facilitate cross-border payments for SMEs
- Build B2B payments infrastructure for emerging markets
Co-investors Middle East Venture Partners, Quona Capital, TMT Investments, Treasury, Unicorn Growth Capital, Zrosk Investment Management
Source : techcrunch.com
P1 Ventures invests tickets ranging from 400 k$ to 5 M$, across the following sectors: Fintech, SaaS, E-commerce, and Digital health, in the following areas: Egypt, Morocco, Senegal, Nigeria, Kenya, South Africa, Côte d'Ivoire, and Ethiopia. Check in 30 seconds whether your company fits these criteria.