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n plus 1 is a venture partner organization founded in 2022 and based in South Africa. The firm focuses on supporting founders to build sustainable small and medium enterprises (SMEs) in the country. Their mission emphasizes economic transformation by increasing business ownership among young, black South Africans. This commitment to social impact drives their investment strategy.
Currently, n plus 1 operates with a small team and has a portfolio count of 2 companies. The firm is dedicated to providing financial and service support to early-stage businesses, aiming to create a significant impact in the local economy. Their approach includes taking significant minority ownership stakes in the companies they support, which allows them to partner closely with founders.
n plus 1 invests in early-stage small businesses across three primary sectors: consumer, agtech, and healthcare. The firm targets companies at the pre-seed, seed, and seed-plus stages, providing both financial backing and service support to facilitate growth. Their investment strategy includes partnering with founders as co-founders, which allows them to take a hands-on approach in guiding the businesses they invest in.
The organization emphasizes high-touch support, offering remote expert management teams to coach and assist founders. Additionally, n plus 1 provides access to tailored debt funding, which is crucial for the growth of SMEs. This model not only mitigates risks but also fosters sustainable growth and economic transformation in South Africa.
n plus 1 has a focused portfolio that includes two notable companies:
Both companies reflect n plus 1's commitment to supporting sustainable business practices and economic empowerment in the region.
Matt Beckett: Co-Founder of n plus 1, Matt has a background in supporting early-stage businesses and has been instrumental in shaping the firm's investment strategy.
Mitch Marescia: Co-Founder, Mitch brings experience in venture capital and entrepreneurship, focusing on economic transformation through business ownership.
Mali Mothiba: Remote Chief Financial Officer, Mali oversees financial operations and strategy, ensuring the firm’s investments align with its mission.
Nhlanhla Makenna: Remote Chief Digital Officer, Nhlanhla focuses on enhancing digital strategies for portfolio companies, helping them leverage technology for growth.
Founders should pitch to n plus 1 through their website at np1.co.za. It is important to include a comprehensive business plan and financial details in the pitch deck. Response times may vary, so founders should be prepared for potential follow-up discussions.
n plus 1 runs a program under its own name, focusing on supporting early-stage small businesses in South Africa. This program provides financial and service support to help entrepreneurs grow their ventures.
Eligibility criteria for the program typically include being an early-stage business in the consumer, agtech, or healthcare sectors, with a focus on sustainable growth and economic transformation.
Since its founding in 2022, n plus 1 has actively promoted its mission to support sustainable SME growth in South Africa. The firm has highlighted its unique approach of providing remote expert management teams and tailored debt funding to assist founders.
As of now, there have been no notable exits or fund raises reported, but the firm continues to build its portfolio and strengthen its presence in the local investment landscape.
What are n plus 1's investment criteria?
n plus 1 focuses on early-stage small businesses in sectors such as consumer, agtech, and healthcare. They look for companies at the pre-seed, seed, and seed-plus stages that demonstrate potential for sustainable growth and economic impact.
How can founders apply or pitch to n plus 1?
Founders can pitch their ideas through the n plus 1 website at np1.co.za. It is recommended to include a detailed business plan and financial projections in the pitch deck.
What makes n plus 1 different from other investors?
n plus 1 differentiates itself by partnering with founders as co-founders, taking significant minority stakes in their companies. This approach allows for high-touch support and collaboration, which is essential for mitigating risks and fostering growth.
What is the geographic scope of n plus 1's investments?
The firm primarily invests in South Africa, focusing on supporting local entrepreneurs and businesses.
What type of post-investment involvement does n plus 1 have?
n plus 1 provides ongoing support through remote expert management teams, coaching, and access to tailored debt funding, ensuring that founders have the resources they need to succeed.
What is the typical check size for investments?
While specific check sizes are not disclosed, n plus 1 focuses on early-stage investments, which typically range from pre-seed to seed funding levels.
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