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- #Will BTC Hit a New High?#
BTC has broken past $100,000 and is now consolidating near its peak. What’s your outlook on the next move? With bullish sentiment on the rise, could BTC reach a new all-time high?
#Crypto Market Rebounds#
The crypto market is rallying across the board — altcoins are gaining momentum, and Memecoins are heating up! 🔥MOODENG is up over 100%, while PNUT and VIRTUAL have each gained more than 45%. The total crypto market cap has now exceeded $3.22 trillion!
What’s next for the market? Which rebound tokens are you most bullish on?
Post your insights and trading strategie
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FUNDING | Mauritian P1 Ventures Announces Latest $35 Million Capital Infusion to Support African Tech Startups
P1 Ventures, a Seed Venture Capital (VC) fund operating across Africa, has completed the second close of its second fund at $35 million, aiming to reach $50 million by the final close.
According to the company, this capital infusion aims to facilitate the expansion of its team and operational footprint into Dakar, Senegal, and Nairobi, Kenya.
In September 2023, the investment firm concluded its second fund at USD 25 million, securing investments from various industrial conglomerates, private enterprises, and general partners affiliated with global funds based in Europe and the United States.
According to P1, this partnership underscores their joint commitment to bolstering Africa’s top entrepreneurial talents. Through the IFC’s involvement, P1 Ventures’ early-stage African tech startups will gain access to growth capital to scale their operations and attract subsequent funding rounds.
Currently the firm’s full portfolio of backed startups includes:
The investment firm intends to utilize the funds to expedite its efforts in sectors such as AI-powered Software as a Service (SaaS), recognizing Africa’s substantial economic advantage in this domain.
In developed markets, job protectionism, legacy regulations, and infrastructure can hinder the mass adoption of technologies such as AI, especially in large industries. Emerging markets such as Africa instead often embrace such technologies at a faster pace, such as the continent’s fintech revo**lution. In the past few years, mobile money has bypassed the need for card infrastructure, resulting in Africa accounting for 48% of the world’s mobile money accounts in 2022
– P1 Venures