On Tuesday, September 26, P1 Ventures, a venture capital firm investing in high-potential African companies with a regional or even global client base, announced the first close, at $25 million, of its second investment fund.  

P1 Ventures, which has been in operation for 3 years and has backed some 20 African companies, intends to continue its financing activity, focusing more specifically on startups that rely on AI to develop their businesses.