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Fund profile

P1 Ventures

P1 Ventures

San Francisco, United States

Leading

About

P1 Ventures is a pan-African venture capital firm focused on supporting early-stage tech startups across the continent. Founded in 2020 by Mikael Hajjar and Hisham Halbouny, P1 Ventures aims to bridge the capital gap for African entrepreneurs by providing crucial early-stage funding. The firm has successfully raised $35 million in its second fund, with a target to reach $50 million. This fund supports sectors such as AI-powered SaaS, fintech, e-commerce, health tech, and more​. P1 Ventures distinguishes itself by leveraging AI in its investment processes, making it one of the first African VC firms to do so. This innovative approach helps identify promising startups and talent across Africa more efficiently. The firm is particularly interested in backing repeat founders and experienced operators with validated products and proven business models. Their portfolio includes companies like Yassir, an Algerian mobility platform, Money Fellows, an Egyptian savings app, Reliance Health, a Nigerian employee healthcare platform, and Chari, a Francophone-focused e-commerce and fintech app. P1 Ventures is committed to fostering innovation and supporting high-growth sectors that can make a significant impact across Africa​.

Details

Average check

$0-$100K
$100K-$500K
$500K-$1M

Round

Seed
Pre-Seed
Series A

Previous Investments

Agritech & Farming
AI & Deep Tech
E-commerce & Retail
Fintech & Financial services
Other
Software & Apps

Geo focus

Africa

Highlights

$1.1M

Historical average check

$16M

Historical max check

February 2025

Last investment date

35

Investments

Fintech & Financial services

Software & Apps

Agritech & Farming

E-commerce & Retail

AI & Deep Tech

Other

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Website

p1.ventures

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