P1 Ventures fund reaches final close
P1 Ventures – the early-stage, pan-African VC – has completed the final close of its first $50 million institutional fund.
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P1 Ventures – the early-stage, pan-African VC – has completed the final close of its first $50 million institutional fund.
Hisham Halbouny, managing partner at P1 Ventures said: “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, managing partner at P1 Ventures said: “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, Cairo to Cape Town, we’re seeing founders combining 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.”
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