Fund profile / Nigeria

P1 Ventures

Geography: Nigeria
Stage: Pre-Seed
Fund size: $50M
Focus: AI/ML, Climate & Sustainability, EdTech and Digital Health
Signals: Published

N°01 / About

About P1 Ventures

P1 Ventures is a venture capital firm based in Nigeria, focusing on Pre-Seed stage investments. The fund actively supports founders building innovative solutions in AI/ML, Climate & Sustainability, Digital Education Consumer, Digital Health, SaaS, providing strategic guidance and capital to help startups scale.

N°02 / Thesis

Investment Focus

Location / RegionNigeria

Funding StagePre-Seed

Industry Focus

AI/ML

Climate & Sustainability

EdTech

Digital Health

SaaS

Investor Signals Profile

active

Sweet Spot

Ambitious African tech founder, pre-seed to seed stage

African tech

pre-seed/seed

fintech

healthtech

insurtech

Bullish Signals

29 portfolio cos, 20 countriesexternal

35x follow-on capital per $1 investedexternal

3.7M lives impacted, 6k jobs createdexternal

Backed Yassir through Series Bexternal

$248M consumer loans disbursedwebsite

290k SMEs tooled, 288k patients servedwebsite

8M kg CO2 equivalent savedwebsite

Portfolio founder testimonials: YC, Egypt, Nigeria winswebsite

Reinvested every round incl. Series Bwebsite

Sourced GM, Strategy Lead from Lyftwebsite

First institutional check: Lami, Amenli, Reliancewebsite

Chari, Yassir, Amenli: strong named referenceswebsite

New portfolio: Reanest, Mznl, Salus featuredwebsite

Mika got Amenli into YCombinatorwebsite

Sourced global InsurTech experts for Lamiwebsite

Emil Michael intro, helped Yassir expansionwebsite

Advised HR, partnerships, product for portfoliowebsite

Founder quote: most transformative investor on cap tablewebsite

Founder quote: most engaged, impactful investorwebsite

Founder quote: understood opportunity, former operatorswebsite

Mission: dispersed African talent meets VC capitalwebsite

Chari co-founder: most engaged, impactful investorwebsite

Reliance Health: instrumental Egypt expansion, partnershipswebsite

Amenli: YC admission, best VCs, HR/product advicewebsite

Lami: first institutional investor, pan-African expansionwebsite

Yassir: most hands-on seed, sourced team leaderswebsite

Contrarian Signals

Africa-only focus limits deal universeexternal

GP identity largely opaque onlineexternal

Founder Do's

Be African-focused or pan-African

Show ambition to scale across borders

Expect hands-on operational support

Leverage network for follow-on capital

Open to YC and global VC intros

Founder Don'ts

Don't expect passive capital only

Don't ignore pan-African expansion potential

Don't approach without operator mindset

37 signals on P1 Ventures

26 bullish · 2 contrarian · 5 pitch do's · 3 don'ts · 1 GP profile, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size$50M

Saves0

Website

People

Key People

M. Mikael Hajjar, Hisham Halbouny

MikaPartner

N°04 / See also

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