P1 Ventures

P1 Ventures is a Pan-African early-stage venture capital firm founded in 2020. The firm partners with ambitious African tech founders, believing entrepreneurial talent is more widely dispersed across the continent than venture capital funding. Managing Partners Mikael Hajjar and Hisham Halbouny lead the team, supported by venture partners and operations staff with experience in startups, investment banking, and product marketing across Africa, the US, and beyond. P1 Ventures has invested $105.5M across 21 funding rounds from December 2020 to October 2025, primarily at the seed stage (12 rounds), followed by Series A (3), venture rounds (3), Series B (2), and other (1). The firm focuses on fintech (13 investments), e-commerce & retail (3), health tech (2), and other sectors including crypto & Web3, developer tools & cloud, and HR & talent. Geographically, it targets Nigeria (5), Egypt (4), Kenya (4), Morocco (3), South Africa (2), Tunisia (2), and Côte d'Ivoire (1). Notable portfolio companies include Chari (Morocco), Raenest and Juicyway (Nigeria), MoneyBadger and Salus (South Africa), and Yodawy (Egypt). The firm has co-invested with Plug and Play, Orange Ventures, Ventures Platform, and others. Its portfolio spans 29 companies, supports 6,000 direct jobs, and has generated 35x follow-on capital per dollar invested.