P1 Ventures, a prominent early-stage Pan-African venture capital firm, has recently closed its first $50 million institutional fund.

This milestone is backed by notable investors, including Egyptian billionaire Mohamed Mansour and the World Bank’s International Finance Corporation (IFC).

The fund aims to address the uneven distribution of capital across Africa, with half of its investment earmarked for Francophone African markets and the remainder for the continent’s “big four” markets—Nigeria, South Africa, Egypt, and Kenya.

Redefining the African Investment Landscape

With over $60 million in assets under management (AUM), P1 Ventures is set on a daring mission to ensure that capital across Africa matches its immense entrepreneurial talent.

In 2024, the continent’s “big four” markets accounted for 67% of Africa’s $2.2 billion equity funding deals. The firm’s approach focuses on backing resilient founders who are building capital-efficient and category-defining businesses.

P1 Ventures has already demonstrated strong momentum, completing its largest-ever deal by co-investing alongside Accel in Morocco-based Nuitee, an AI-powered hotel booking platform.

This bold investment strategy validates the firm’s ‘Made in Africa’ thesis and reinforces its role as a key player in Africa’s VC landscape.

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Leveraging AI and FinTech for African Growth

P1 Ventures maintains a strong conviction in Africa’s potential to lead in sectors such as AI, enterprise software, and fintech.

The firm’s in-house data science tool, which tracks over 10,000 companies, allows it to source promising investment opportunities and identify emerging trends.

The African continent’s unique market conditions—including a mobile-first population and regulatory advancements—are fuelling fintech adoption and AI-driven innovation.

Automation is addressing productivity gaps, while pay-per-use models are making technology more accessible. This fertile environment presents vast opportunities for African founders to introduce scalable solutions.

Success Stories from the P1 Ventures Portfolio

Several portfolio companies exemplify P1 Ventures’ ability to back transformative businesses:

• Nuitee: An AI-powered hotel booking platform from Morocco with over 240 global employees, working with major partners like Hilton and Hopper.
• Gameball: A gamified customer engagement platform from Egypt serving over 3,000 customers in 70+ countries.
• Salus: A South African one-click software deployment solution for enterprises, founded by Andrew Mori, who previously scaled Deimos to $20 million in annual revenues.
• StakPak: An AI copilot for non-DevOps engineers from Egypt, designed to bridge the continent’s talent gap.

These success stories highlight the firm’s commitment to fostering innovation built in Africa for the world.

Pioneering a New Wave of African Innovation

P1 Ventures is doubling down on its efforts to support bold African visionaries who are reshaping the continent’s tech ecosystem.

The firm’s daring approach goes beyond conventional hubs and business models, enabling it to identify hidden tech giants and unlock value in emerging markets like Francophone Africa.

Through its proprietary deal flow database and AI-driven insights, P1 Ventures has created over 6,000 jobs across 20 countries and impacted the lives of more than 10 million people. For every dollar invested, portfolio companies have raised 35x follow-on capital.

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Expert Insights and Strong Conviction

Hisham Halbouny, Managing Partner at P1 Ventures, emphasises the firm’s unique positioning: “From game-changing fintech to pioneering AI applications, we’re uniquely positioned to identify opportunities and support their growth. Great companies are often built in tough times, and today’s founders are more frugal, focused, and realistic about valuations. We believe this may be the greatest vintage ever.”

Mika Hajjar, another Managing Partner, adds, “We have strong conviction there will be billions of USD of value created by global companies that have been ‘made in Africa.’ From Dakar to Nairobi and Cairo to Cape Town, we’re seeing founders combine local insights with global ambition. These entrepreneurs are not just solving Africa’s problems—they’re creating models that the rest of the world can learn from.”

Bernard Dalle, Senior Advisor at P1 Ventures, highlights the emergence of visionary founders: “Africa VC is fast becoming an asset class that globally minded investors cannot afford to ignore.”

Exploring Career Opportunities and Insights at P1 Ventures

If you are interested in exploring opportunities at P1 Ventures, you might want to learn more about P1 Ventures careers and the competitive P1 Ventures salary packages offered to its employees.

The firm, with a strong presence in the venture capital ecosystem, boasts a significant P1 Ventures fund size and impressive P1 Ventures AUM (Assets Under Management).

For professionals looking to connect or stay updated on their activities, P1 Ventures LinkedIn is an excellent platform to explore.

Looking Ahead

As P1 Ventures continues its mission to empower African founders and invest in transformative technologies, the firm’s achievements signal a promising future for the continent’s innovation landscape.

By promoting global partnerships and leveraging advanced data-driven strategies, P1 Ventures is set to redefine what it means to build tech solutions in Africa for the world.