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P1 Ventures

Public data, unclaimed profile

Fund manager (General Partner), AVCA member, pan-African venture capital. Assets under management: ≈ USD 60m.

At a glance

Based on observed investment behaviour: 12 recorded deals

Investor type
Private equity or venture capital fund (inferred, not verified)
Capital type
Venture capital (inferred from deals)
Observed ticket
400 k$ – 40 M$, median 5.4 M$ (12 disclosed amounts)
Stated ticket : 500 k$ – 5 M$
Countries
Nigeria (5), Kenya (3), South Africa (2)
Activities
Money transfer and remittances (3), Payments and mobile money (3), Cloud and software infrastructure (1)
Instruments
Equity (12)
Stages
Seed (5), Pre-Seed (3), Series A (3)
Recent activity
1 deal in 12 months, latest Apr 2026

Stated thesis versus observed behaviour

  • Sectors: 100% of its deals within its stated thesis
  • Countries: 67% of its deals within its stated thesis
  • Ticket: 67% of its deals within its stated thesis

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Describe your need: the target list shows, for each source of capital, why it fits and which deals prove it.

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Investment thesis

Criteria published by the fund, recorded and checked by Invest Matching.

Investment ticket
400 k$ – 5 M$*
Instruments
Equity
Preferred sectors
Fintech, SaaS, E-commerce, Digital health
Target geographies
Egypt, Morocco, Senegal, Nigeria, Kenya, South Africa*, Côte d'Ivoire*, Ethiopia*

* added from its deals

Stages (stated by the fund and from its deals)
Pre-SeedSeedSeries ASeries B

Team and contacts

LinkedIn profiles, emails and phone numbers are reserved for signed-in members: create an account to access them.

Reference deals

Recent public deals: they say better than a thesis what the fund actually signs.

Lua

April 2026 · Kenya
Seed5.8 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 Africa
Pre-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 · Ethiopia
Seed5 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 · Nigeria
Seed3.7 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

Raenest

February 2025 · Nigeria
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

Kotani Pay

September 2023 · Kenya
Pre-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 · Nigeria
Seed6 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

Djamo

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

Reliance Health

February 2022 · Nigeria
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 Africa
Seed3 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 · Kenya
Series 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

Known limited partners

Investors that subscribed to this fund, according to their announcements.

In short

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.