Friday
September 29
2023

P1 Ventures Closes $25 Million of its Second $50 Million to Back Early-stage Startups

By Joel Nwankwo

Pan-African seed VC firm, P1 Ventures has closed the first $25 million of its second $50 million fund. The fund will support startups working in the SaaS, AI, fintech, insurance, and health sectors.

P1 Ventures, which has a presence in Nigeria and Egypt, has invested in 29 early-stage firms since its founding, including Money Fellows, Reliance Health, Traction, and most recently, Kotani Pay.

Photo courtesy of WOCinTech Chat.

Source: TechEconomy (link opens in a new window)

Categories
Health Care, Investing, Technology
Tags
artificial intelligence, fintech, healthcare technology, startups, venture capital