We partner

From 0 to 1

With African tech founders

 
 

What our founders are saying

  • “It has been fantastic having the P1 team’s guidance and support on this journey. Mika has been the most engaged and impactful investor on Chari's trajectory.”

    Sophia Alj - Chari co-founder

  • “P1 was one of the few VCs that understood quickly the opportunity set we were going after. I could tell these guys were former operators. They were instrumental in helping with follow-on capital, Egypt expansion and even growing Nigerian healthcare partnerships.”

    Femi Kuti - Reliance Health co-founder

  • “P1 is the most transformative investor we have on our cap table – they got us admitted to the YCombinator, introduced us to the best VCs and advised on anything from HR to partnership and product.”

    Shady El Tohfa - Amenli co-founder

  • “We’re grateful we had P1 as our first institutional investor - they connected us with global InsurTech industry experts and provided invaluable insights for our pan african expansion strategy”

    Jihan Abbas - Lami founder

  • “P1 Ventures was one of the most hands-on Seed investors we had: Mika helped us source GM candidates to expand, recruit a Strategy Lead from Lyft, introduced us to Emil Michael, and most importantly reinvested in every single round including our last Series B”

    Noureddine Tayebi - Yassir founder

We believe that African entrepreneurial talent is currently more widely dispersed across the continent than venture capital funding, and we’re here to change that!

Case Studies

Status quo

  • Most of the retail sector is informal and run by micro-merchants that don’t benefit from the same economies of scale and financing than large wholesalers.

  • Supply chain is inefficient resulting in higher cost and sustainably managed natural resources and greenhouse gas emissions.

  • Micro-merchants are mostly low-skilled “one-man-shows”

Theory of Change

  • Chari digitizes trade offering micro-merchants through its mobile app on-demand stock replenishment services available for same-day or next-day delivery

  • Chari digitizes payments and banking services offering micro-merchants the ability to buy now and pay later using a closed loop-wallet integrated with mobile-money

  • Following P1 Ventures’ initial investment, Chari has raised more than $12m of follow-on capital, grown more than 10x and expanded in three new countries

Outcomes

  • Casablanca headquarters

  • 12+k micro-merchants in 4 countries

  • $9+m of goods processed monthly

  • 188 higher-skilled FTE including 112 females

Status quo

  • Africa is home to 25+% of the global disease burden but only 3% of the global healthcare spend

  • 10’s millions of Egyptian primary breadwinner are uninsured or underinsured resulting in increased households health and financial vulnerability

  • Subscription to an insurance policy in Egypt takes several days, is paperwork heavy, and prone to fraud vs. transparent process with a few clicks online in the US/Europe

Theory of Change

  • Amenli customers are able within just a couple of minutes on their mobile phones to compare and subscribe to the best fit insurance policy

  • Amenli customers are able to afford insurance policies by paying on a quarterly or monthly basis rather than a full year lump-sum price

  • Following P1 Ventures’ initial investment, Amenli has raised more than $3m of follow-on capital from leading institutions and grown more than 10x

Outcomes

  • Cairo headquarters

  • ~$1m GWP run-rate across 10+k policies

  • 62 higher skilled FTE including 23 females

For every $1 invested, P1 Ventures’ portfolio companies have raised on average 35x more follow-on capital!