P1 Ventures has successfully raised an additional $35 million for its second vehicle dedicated to innovative startups in Africa.

P1 Ventures is a pan-African venture capital company and partner of the Moroccan “Chari”, which aims to boost the entrepreneurial ecosystem in French-speaking Africa, especially in Morocco. To this end, it offers financial and operational support to promising technology companies. This is the second round of funding in six months, after the first closing in September last year for $25 million. During a new closing, P1 Ventures secured a partnership with the International Finance Corporation style="font-family: "Bookman Old Style”, "serif"> (IFC), the armed arm of the group of World Bank