Fund 1 Investments, LLC filed an amended Schedule 13G reporting beneficial ownership of 18,524,754 Ordinary Shares of Jumia Technologies AG, corresponding to 7.48% of the outstanding Ordinary Shares. The position relates to Ordinary Shares underlying American Depositary Shares, each ADS representing two Ordinary Shares.
The filing states that Fund 1 has shared voting and dispositive power over 18,524,754 shares and no sole voting or dispositive power. The shares are held by private investment vehicles for which Pleasant Lake Partners LLC acts as investment adviser; Fund 1 Investments, LLC is the managing member of Pleasant Lake Partners LLC, and Jonathan Lennon is the managing member of Fund 1. The reporting person disclaims beneficial ownership except to the extent of its pecuniary interest. Ownership percentages are based on 247,705,230 Ordinary Shares outstanding as disclosed in Jumia’s Form 20-F for the year ended December 31, 2025.
Positive
None.
Negative
None.
Key Figures
Beneficially owned shares:18,524,754 Ordinary SharesOwnership percentage:7.48%Shares outstanding:247,705,230 Ordinary Shares+2 more
5 metrics
Beneficially owned shares18,524,754 Ordinary SharesShares beneficially owned by Fund 1 Investments, LLC
Ownership percentage7.48%Percent of Jumia Technologies AG Ordinary Shares class
Shares outstanding247,705,230 Ordinary SharesOrdinary Shares outstanding as of Form 20-F for year ended December 31, 2025
Shared voting power18,524,754 sharesShares over which shared voting power is reported
Shared dispositive power18,524,754 sharesShares over which shared dispositive power is reported
Key Terms
American Depositary Shares, beneficially owned, shared voting power, shared dispositive power, +1 more
5 terms
American Depositary Sharesfinancial
"Ordinary Shares underlying American Depositary Shares (each representing two Ordinary Shares)"
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.
beneficially ownedregulatory
"Amount beneficially owned: 18,524,754"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared voting powerregulatory
"Shared power to vote or to direct the vote: 18,524,754"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerregulatory
"Shared power to dispose or to direct the disposition of: 18,524,754"
pecuniary interestfinancial
"disclaims beneficial ownership ... except to the extent of its pecuniary interest therein"
FAQ
What percentage of Jumia Technologies AG (JMIA) does Fund 1 Investments, LLC report owning?
Fund 1 Investments, LLC reports beneficial ownership of 7.48% of Jumia Technologies AG’s Ordinary Shares. This percentage is calculated using 247,705,230 Ordinary Shares outstanding as stated in Jumia’s Form 20-F for the year ended December 31, 2025.
How many Jumia Technologies AG (JMIA) shares are reported by Fund 1 Investments, LLC?
Fund 1 Investments, LLC reports 18,524,754 Ordinary Shares of Jumia Technologies AG. These shares are Ordinary Shares underlying American Depositary Shares, with each ADS representing two Ordinary Shares, held through private investment vehicles advised by Pleasant Lake Partners LLC.
What voting and dispositive powers does Fund 1 Investments, LLC report over JMIA shares?
Fund 1 Investments, LLC reports 0 shares with sole voting or dispositive power and 18,524,754 shares with shared voting and dispositive power. The shared powers relate to securities held by private investment vehicles advised by Pleasant Lake Partners LLC.
On what share count is Fund 1 Investments, LLC’s 7.48% JMIA ownership based?
The 7.48% ownership is based on 247,705,230 Ordinary Shares outstanding of Jumia Technologies AG. This figure comes from Jumia’s Annual Report on Form 20-F for the fiscal year ended December 31, 2025, referenced in the ownership calculation.
Who ultimately manages the entities reporting ownership in Jumia Technologies AG (JMIA)?
Pleasant Lake Partners LLC serves as investment adviser to the private investment vehicles holding the shares. Fund 1 Investments, LLC is the managing member of Pleasant Lake Partners LLC, and Jonathan Lennon is the managing member of Fund 1 Investments, LLC.
Do the funds associated with Fund 1 Investments, LLC have rights to JMIA dividends or sale proceeds?
Yes. The filing states that the Funds have the right to receive and/or direct the receipt of dividends or sale proceeds from more than five percent of Jumia Technologies AG’s Common Stock held through these investment vehicles.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Jumia Technologies AG
(Name of Issuer)
Ordinary Shares underlying American Depositary Shares (each representing two Ordinary Shares)
(Title of Class of Securities)
48138M105
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
48138M105
1
Names of Reporting Persons
Fund 1 Investments, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
18,524,754.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
18,524,754.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
18,524,754.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.48 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: (Limited Liability Company)
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Jumia Technologies AG
(b)
Address of issuer's principal executive offices:
Skalitzer Strasse 104, Berlin, Germany, 10997
Item 2.
(a)
Name of person filing:
Fund 1 Investments, LLC
(b)
Address or principal business office or, if none, residence:
100 Carr 115 Unit 1900
Rincon, Puerto Rico 00677
(c)
Citizenship:
Delaware
(d)
Title of class of securities:
Ordinary Shares underlying American Depositary Shares (each representing two Ordinary Shares)
(e)
CUSIP No.:
48138M105
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
18,524,754
(b)
Percent of class:
7.48 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
18,524,754
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
18,524,754
Shares reported herein for Fund 1 Investments, LLC represent Ordinary Shares underlying American Depositary Shares (each representing two Ordinary Shares) that are held by private investment vehicles for which Pleasant Lake Partners LLC serves as investment adviser. Fund 1 Investments, LLC serves as managing member of Pleasant Lake Partners LLC. Jonathan Lennon serves as managing member of Fund 1 Investments, LLC. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest therein.
All percentages reported herein with respect to the Reporting Person's holdings are calculated based upon a statement in the Issuer's Annual Report on Form 20-F for the fiscal year ended December 31, 2025, as filed with the Securities and Exchange Commission on February 24, 2026, that there were 247,705,230 Ordinary Shares of the Issuer outstanding.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
See Item 4.
The Funds have the right to receive and/or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than five percent of the Common Stock of the Issuer.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Item 4.
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
