Fund 1 Investments, LLC reports beneficial ownership of 24,650,000 Ordinary Shares underlying ADSs, representing 9.95% of the class. The filing states the share counts are calculated from February 24, 2026 disclosure that 247,705,230 Ordinary Shares were outstanding.
The filing attributes shared voting and dispositive power over the 24,650,000 shares to the reporting person; it also describes the ownership chain through private vehicles advised by Pleasant Lake Partners LLC and management links to Fund 1 Investments, LLC.
Positive
None.
Negative
None.
Insights
Large passive stake disclosed via Schedule 13G/A; governance influence is shared.
The filing records 24,650,000 Ordinary Shares underlying ADSs, equal to 9.95% of the Issuer's outstanding shares as stated on February 24, 2026. The reporting person indicates shared voting and dispositive power rather than sole control.
Cash‑flow treatment and sale intent are not stated in the excerpt; subsequent filings would show any changes in voting alignment or sale plans.
Filing reads as a routine beneficial-ownership update with standard disclaimers.
The schedule clarifies the ownership chain: private investment vehicles hold the shares, Pleasant Lake Partners LLC is adviser, and Fund 1 Investments, LLC is managing member. The reporting person disclaims beneficial ownership except to the pecuniary extent disclosed.
Percent calculation cites the Issuer's Form 20-F figures; the filing follows required disclosure mechanics for >5% holdings.
Key Figures
Beneficial ownership:24,650,000 sharesPercent of class:9.95%Shares outstanding (source):247,705,230 shares+2 more
5 metrics
Beneficial ownership24,650,000 sharesAmount beneficially owned reported in Item 4
Percent of class9.95%Percent of class reported in Item 4
Shares outstanding (source)247,705,230 sharesIssuer's Form 20-F statement cited as of <date>February 24, 2026</date>
Shared voting power24,650,000 sharesItem 4(ii): Shared power to vote
Shared dispositive power24,650,000 sharesItem 4(iv): Shared power to dispose
Key Terms
Ordinary Shares underlying American Depositary Shares, Beneficially owned, Shared dispositive power
3 terms
Ordinary Shares underlying American Depositary Sharesfinancial
"Title and Item 2(d): "Ordinary Shares underlying American Depositary Shares (each representing two Ordinary Shares)""
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 dispositive powerregulatory
"Item 4(iv): "Shared power to dispose or to direct the disposition of: 24,650,000""
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
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)
03/31/2026
(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
24,650,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
24,650,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
24,650,000.00
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)
9.95 %
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:
24,650,000
(b)
Percent of class:
9.95 %
(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:
24,650,000
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
24,650,000
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.
Fund 1 Investments reported 24,650,000 Ordinary Shares underlying ADSs, representing 9.95% of the class. The percentage is calculated from the Issuer's stated outstanding share count of 247,705,230 disclosed on February 24, 2026.
Does the filing show who votes the JMIA shares?
The filing shows shared voting power over all 24,650,000 shares. It reports 0 shares with sole voting power and 24,650,000 with shared voting power, per Item 4 disclosures.
Who holds the JMIA shares reported by Fund 1 Investments?
The shares are held by private investment vehicles for which Pleasant Lake Partners LLC serves as investment adviser. Fund 1 Investments is the managing member of Pleasant Lake Partners LLC, per the filing's disclosure.
Is the reported ownership considered beneficial ownership for JMIA?
The reporting person disclaims beneficial ownership except for its pecuniary interest. The filing still lists 24,650,000 shares as 'amount beneficially owned' and shows the related voting/dispositive powers.
