Fundraising Fox

P1 Ventures

Venture capital

Grand Cayman · Pre-Seed–Series A · 9 people tracked

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Investment thesis

P1 Ventures focuses on backing ambitious African technology founders at the earliest stages, partnering with them 'from 0 to 1.' The firm believes entrepreneurial talent across Africa is more widely distributed than the venture capital available to fund it, and it seeks to correct that imbalance. Its portfolio spans fintech (consumer lending, payments), SME productivity software, healthcare access, and climate-related impact, reflecting a broad, impact-oriented approach across many African countries.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series A
Check
$100K – $1M
HQ
Grand Cayman, California, KY
Leads rounds
Leads
Instruments
Equity
Founded
2021
Last 12 months
2 investments
Tracked investments
41

Team · 9 people

from the firm's website & public directories

What they invest in

from 35 of 41 portfolio companies

Fintech ×21SaaS ×19AI & Machine Learning ×9Enterprise Software ×7Developer Tools ×4InsurTech ×4Cybersecurity ×3HR Tech ×3

HQs:United States×6Egypt×4United Kingdom×4South Africa×3Kenya×2Nigeria×2

Who they back

founder profiles across 12 portfolio companies
25%
solo founders
3 of 12 mapped founding teams
43%
repeat founders
of 14 founders with career history

Founding team size:solo founder×32 founders×83 founders×1

Where their founders studiedfrom 14 founders with education data

Cairo University ×2

Where their founders worked beforefrom 14 founders with career history

4G Capital ×2Lloyds Banking Group ×2Paymob ×2Unicorn Growth Ventures ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×7

Investments · 41 tracked

founders shown can be your intro path

By year:2026 · 22025 · 42024 · 12023 · 12022 · 210 dated

Accordpartnersaccordpartners.ai

Co-investorsFoundation Ventures

Amenliamenli.comin

An online insurance broker operating in Egypt that sells insurance policies to customers significantly faster than traditional insurers.

FintechInsurTechCairo, EG

Shady El Tohfa(Founder)inAdham Nauman(Founder)in

Co-investorsAlter GlobalEBRD Venture Capital Investment ProgrammeY Combinator

Baloonbaloon.africa

Co-investorsWind Venture

Better Authbetter-auth.comin𝕏acquired by Vercel's

Better Auth is an open-source authentication framework for TypeScript applications that provides composable, plugin-based authentication with support for multiple methods including credential auth, social sign-on, passkeys, and enterprise features.

CybersecurityDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US

Bereket Engida(Founder)in

Co-investorsChapter OneLobster CapitalPeak XV PartnersRain CapitalSeaplane VenturesTranspose Platform Management+1 more

Brasstrybrass.comin𝕏

Brass offers a business financial platform with tools for payments, invoicing, cash flow tracking, and team banking, accessible via iOS, Android, and Slack.

FintechSaaS

Co-investorsHoaQVentures PlatformAcuity Ventures

Callab AIcallab.aiin𝕏

Callab provides AI voice agents for enterprise contact centers that integrate with existing PBX, SBC, and telephony infrastructure via SIP without migration.

AI & Machine LearningEnterprise SoftwareSaaSSan Francisco, US

Haithem Kchaou(Co-founder/CEO)inChehir Dhaouadi(Founder)in

Co-investorsY Combinator

Charichari.coin𝕏

Chari is a mobile financial services app for Moroccan users that combines digital wallet, Visa card, money transfers, bill payments, phone top-ups, and cash deposit/withdrawal services.

FintechCasablanca, MA

Co-investorsKhwarizmi VenturesVKAV (Verod-Kepple Africa Ventures)

Djamodjamo.ciin𝕏Nov 2022

Djamo is a mobile financial services platform offering checking accounts, savings, investments, credit, and payment cards to consumers in the UEMOA zone.

FintechWilmington, US

Hassan Bourgi(Executive Officer, Director)Flinde Regis Herve Bamba(Director)Flinde Herve Bamba(Director)

BoardSebastien Nony(Director)inTidjane Deme(Director)Eric Scaramozzino(Director)

Co-investorsEnza CapitalKima VenturesJANNGO CapitalOikocreditY Combinator

Djamodjamo.comin𝕏Nov 2022

Djamo is a mobile fintech app offering banking services including current accounts, savings accounts, investment funds, short-term credit, and VISA cards for users in the UEMOA zone.

FintechAbidjan, CI

Hassan Bourgi(Founder)in

Co-investorsDigital Currency GroupEnza CapitalThe Raba PartnershipVKAV (Verod-Kepple Africa Ventures)Y CombinatorFinance in Motion+2 more

Gameballgameball.coin𝕏Feb 2023 · $3.5M

Gameball is a customer loyalty and retention platform that adds gamification elements—points, cashback, tiers, missions, and challenges—along with personalized offers and segmentation across web, mobile, and in-store channels.

Enterprise SoftwareMarketing TechRetail TechSaaSSan Francisco, US

Ahmed Khairy(Founder)inAhmed El Assy(Founder)inOmar Alfar(Founder)inAhmed Abdelraouf

Co-investors500 GlobalPropeller Inc.SEEDRA Ventures

Juicywayjuicyway.comin𝕏

Juicyway provides borderless multi-currency accounts, cross-border payments, and currency exchange for businesses, letting them receive, hold, and send funds across multiple currencies and countries.

FintechSaaS

Kotani Paykotanipay.comin𝕏

Kotani Pay provides last-mile payout services that convert digital assets and blockchain-based funds into local payments, such as mobile money accounts, for end users.

Crypto & Web3FintechNairobi, KE

Co-investorsDigital Currency GroupFlori VenturesLava Ventures Ltd.Wuri Ventures

Lamilami.worldin𝕏

Lami is a digital insurance platform for insurance agents and brokers to onboard customers, compare quotes from multiple underwriters, sell products (auto, health, life, and more), and process payments, renewals, and claims.

FintechInsurTechSaaS

Co-investorsA15AccionChui VenturesConsonance Investment ManagersNewtown Partners

Lengolengo.aiin

Lengo.ai uses AI to help fast-moving consumer goods (FMCG) companies map and reach informal retail shops.

AI & Machine LearningRetail TechSaaS

Co-investorsAcasia Ventures

Luagetlua.cominApr 2026 · $5.8M

Lua is a free online PDF converter that enables users to convert PDF files to Word, Excel, JPG, PNG, PPT, and HTML formats without requiring downloads.

SaaSNew York City, US

Co-investorsTechstars20VCFlourish VenturesNorrsken22Twenty Two VenturesY Combinator

Lua Global Incheylua.aiinApr 2026 · $5.8M

Lua is an AI workforce platform that enables teams to work alongside AI agents in a shared workspace with unified memory and governance.

AI & Machine LearningEnterprise SoftwareSaaSLondon, GB

Lorcan O Cathain(Founder)inStefan Kruger(Founder)in

Co-investorsDigital Currency GroupEnza CapitalTRAC (Third Round Analytics Capital)Y Combinator20VCFlourish Ventures+1 more

MarketForcemarketforce360.com

Tesh Mbaabu(Founder)in

Co-investorsKube VCSprint VcVU Venture PartnersVentures Platform

Mindjoymindjoy.comin𝕏

Mindjoy offers an AI-powered platform for K-12 schools and higher education institutions, providing adaptive AI tutors, personalized learning pathways, interactive simulations, and tools for lesson creation, autograding, and performance insights.

AI & Machine LearningEdTechSaaS

Co-investorsInjiniVery Serious Ventures

MNZLmnzl.coin

MNZL offers a mobile digital wallet in Egypt that lets people register assets such as real estate or vehicles and borrow against them, providing asset-backed consumer and mortgage financing.

FintechImpact & Social GoodPropTech

Sameh Saleh

Co-investors500 GlobalEnza CapitalFirst Circle

Money Fellowsmoneyfellows.comin

Money Fellows operates a digital platform offering money circles (ROSCAs), where users join a monthly circle and receive a lump-sum payout on a chosen turn, including a debt repayment circle to clear debts in one payment without added interest.

ConsumerFintech

Ahmed Wadi(Founder)inAdham Badr

Co-investors4DX Ventures500 GlobalCommerzVenturesDubai Angel InvestorsInvenfinMiddle East Venture Partners (MEVP)+2 more

Moneybadger.Comoneybadger.co.zain𝕏

MoneyBadger provides infrastructure that lets merchants accept Bitcoin and cryptocurrency payments online and in-store, with settlement in South African Rand, Bitcoin, or stablecoin.

Crypto & Web3FintechRetail Tech

Mznl

Portfolio company led by CEO & Co-Founder Sameh Saleh.

Nuiteenuitee.comin

Nuitee provides APIs and developer tools for booking, pricing, and distribution in the travel and hospitality industry, including hotel search, rates, booking, and branded sites.

AI & Machine LearningSaaSTravel & Hospitality

Co-investorsAccel

Onepipeonepipe.com

Co-investorsSaison CapitalDFS LabThe Fund

Paymeepaymee.tnin

Paymee provides an online payment gateway that lets businesses accept Tunisian and international bank cards as well as e-dinar postal cards, plus payment links (Paylink) and pay-on-delivery card acceptance for merchants without a website.

FintechSaaS

PayTicpayticconnect.comApr 2025 · $4M

PayTic provides an AI-powered platform for automating payment back-office operations, including reconciliation, dispute and chargeback handling, network fee optimization, anomaly detection, and payment systems modernization.

AI & Machine LearningFintechSaaS

Co-investorsConcrete VenturesIsland CapitalMistral Venture PartnersAfricInvestBuild VenturesCDG Invest+2 more

PayTicpaytic.aiApr 2025 · $4M

PayTic provides an AI-powered platform for automating payments back-office operations, including reconciliation, dispute and chargeback handling, network fee management, anomaly detection, and payment systems modernization.

AI & Machine LearningFintechSaaS

Co-investorsAfricInvestBuild VenturesCDG InvestConcrete VenturesIsland Capital PartnersLaunch Africa Ventures

Raenestraenest.comin𝕏Feb 2025 · $11M

Raenest provides financial infrastructure and payment solutions to enable individuals and businesses in emerging economies to participate in global finance.

FintechHR TechLagos, NG

Victor AladeRichard Oyome(Founder)inSodruldeen MustaphaSodruldeen M.(Founder)in

Co-investorsAjim CapitalHoaQNorrsken22QED InvestorsTechstarsTen13+2 more

Reanest

Portfolio company led by CEO & Co-Founder Victor Alade.

Reliance HMOreliancehmo.comin

Reliance HMO provides employer-sponsored health plans that give employees and their families access to a network of healthcare providers, telemedicine via an app, and simplified digital claims and reimbursement.

Digital HealthHealthtechInsurTechLagos, NG

Femi Kuti(Co-Founder & CEO)inMatthew Mayaki(Co-Founder & SVP, Product and Design)inOpeyemi Olumekun(Co-Founder & COO)in

Co-investorsLaerdal Million Lives FundLoftyInc CapitalPICUS CAPITALGeneral AtlanticVentures Platform

Rolleegetrollee.comin

Rollee aggregates and standardizes income and employment data from multiple sources, providing access to verified financial data for workers.

Data & InfrastructureFintechHR TechSaaS

Ali Hamriti(Co-founder)Pierrick Legrand(Co-founder)

Co-investorsKima Ventures20VCSpeedinvest

Rootroot.co.zain𝕏

Root is an API-first insurance platform that lets insurers, MGAs, and intermediaries build, launch, and manage digital and embedded insurance products.

FintechInsurTechSaaS

Evan Robinson(Founder, Director & CTO)

Co-investorsDigital Currency Group

Salussalus.cloudin𝕏

Salus provides a governed deployment platform that runs AI-built applications as containers inside a company's own cloud account and region, with IT-enforced controls like RBAC, policy-as-code, blast-radius limits, approval gates, audit trails, and kill switches.

Cloud ComputingCybersecurityDeveloper Tools

Co-investorsAtlantica VenturesLoftyInc Capital

Stakpakstakpak.devinApr 2025 · $500Kacquired by Vercel's

Stakpak is an open-source autonomous agent that runs on machines 24/7 to monitor, maintain, and automate operational tasks for software applications in production environments.

AI & Machine LearningDeveloper Tools

George Fahmy(Founder)inBassem Momen

Co-investors500 GlobalDigital Currency Group

Strixstrix.aiin𝕏

Strix offers an autonomous, AI-driven penetration testing platform that continuously scans code, APIs, web apps, infrastructure, and cloud environments for vulnerabilities.

AI & Machine LearningCybersecurityDeveloper Tools

Co-investorsActivant Capital

Subsbasesubsbase.comin𝕏

Subsbase is a subscription management platform that helps subscription-based businesses handle and optimize their recurring revenue streams, with integrations to support scaling.

Enterprise SoftwareFintechSaaS

Mohamed Farag(Co-founder & CEO)Sherif Aziz(Co-founder)

Co-investorsCapria VenturesCedar Mundi VenturesIngressive CapitalWamda Capital

Vertovertofx.comin𝕏

Verto provides borderless payment and financial management services for startups and enterprises, enabling multi-currency transactions, local account setup, and embedded finance across global markets.

Enterprise SoftwareFintechSaaSLondon, GB

Anthony Oduwole(Founder)inOla Oyetayo(Founder)in

Co-investorsOyster VenturesQuona CapitalTreasuryUnicorn Growth VenturesVentures PlatformY Combinator+1 more

Workpaymyworkpay.comin𝕏Jun 2024

Workpay provides HR, payroll, compliance, and benefits administration services for businesses with remote and local teams across Africa.

Enterprise SoftwareFintechHR TechSaaSNairobi, KE

Paul Kimani(Founder)inJackson Kibigo Kungu(Founder)inEdwin Njuguna Mwangi(Executive Officer)David Maina Kariuki(Executive Officer)Paul Njoroge Kimani(Executive Officer, Director)

BoardNgetha Waithaka(Director)

Co-investorsY CombinatorAcadian Ventures Management, LlcNorrsken22Saviu VenturesVKAV (Verod-Kepple Africa Ventures)Launch Africa Ventures+2 more

Yallaeksabyallaeksab.comin𝕏

Eksab Gaming is a gaming platform created by content creators from the MENA region.

Creator EconomyGaming

Co-investorsTofino Capital

Yassiryassir.comin𝕏

Yassir operates a super app platform with multiple services across African markets.

B2B MarketplacesConsumerLogistics & Supply ChainMarketplacesMobility & TransportationAlgeria, DZ

Noureddine Tayebi(Founder)inel mahdi Yettou(Founder)in

Co-investorsWndrCoAlumni VenturesBasecamp FundDN CapitalFlucas VenturesGreycroft+6 more

Yodawyyodawy.comin

Yodawy is a healthcare platform that manages medication access, letting patients upload prescriptions or order OTC products for delivery from nearby pharmacies while also acting as a Pharmacy Benefits Manager for health insurers, TPAs, and corporates.

Digital HealthFintechHealthtech

Yasser AbdelGawad(Founder)in

Co-investorsAMK Investment OfficeCapria VenturesAlgebra Ventures

Exits · 2

IPOs and acquisitions across the tracked portfolio

Better Authacq. by Vercel'sStakpakacq. by Vercel's

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has P1 Ventures made?
P1 Ventures has 34 tracked investments, 1 of which have exited via acquisition or IPO, including 2 dated in the last 24 months.
What stage does P1 Ventures invest at?
P1 Ventures invests at the Pre-Seed, Seed, Series A stages.
What is P1 Ventures's typical check size?
P1 Ventures typically writes checks of $100K – $1M.
What sectors does P1 Ventures focus on?
P1 Ventures focuses on AI & Machine Learning, Climate Tech, Crypto & Web3, Digital Health, Fintech, SaaS, Sector Agnostic.
Where is P1 Ventures located?
P1 Ventures is headquartered in Grand Cayman, KY.
Does P1 Ventures lead rounds?
Yes, P1 Ventures leads investment rounds.
Who does P1 Ventures co-invest with?
P1 Ventures most often shares deals with Y Combinator, 500 Global, Digital Currency Group, among 70 tracked co-investors.

Media · Podcasts & interviews

featuring the team

P1 Ventures' Co-Founder and GP Hisham Halbouny was speaking at Fortune Global Forum 2023

P1 Ventures · Hisham Halbouny

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