Eight months after it raised $6 million, Africa-focused interactive games and content publisher Carry1st has secured additional investment to support its expansion across the continent.
South Africa and New York-based mobile games publisher Carry1st has raised $20 million in a deal led by U.S. VC Andreessen Horowitz (a16z), US rapper Nas (pictured), the founders of Nigerian payment company Chipper Cash, Google, Avenir Growth Capital, and several former investors also participated in the operation.
“We are delighted to be making our first investment in an Africa-headquartered company in Carry1st, a next-generation mobile games and fintech platform. We see immense opportunity for the company to mirror outstanding successes we’ve seen in markets like India, China, and Southeast Asia,” said David Haber, partner at Andreessen Horowitz.
Last May, Carry1st raised $6mln in a Series A round. The startup, which currently has a team of 37 people in 18 countries, plans to use the additional funding to expand its game publishing business across Africa. It also plans to expand its portfolio of interactive content, strengthen its engineering team, and boost revenues by attracting new users through co-development contracts with game studios.
Carry1st estimates that by 2027 Africa will have twice as many video game players as North America currently has. The company believes the continent will be the next big growth market for games worldwide. In a 2021 report with Newzoo, Carry1st said video game revenues are expected to grow by 728% over the next decade.
Chamberline Moko
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...
Nigerian airlines paused a threatened strike pending April 22 talks Jet fuel costs surged nearly 300%, from ₦900 to ₦3,300/liter African carriers face...
Talaat Moustafa Group unveils a $27 billion smart city east of Cairo The project will include over 160 towers and vast green public spaces It...
Resource exporters dominate gains from China trade surge Mining-led growth masks structural asymmetries China’s industrial strategy reshapes African...
Data center electricity use is expected to nearly double by 2030 Renewables and gas will supply most of the additional demand Africa remains a...
The Virunga Gorilla Marathon is a relatively recent initiative held in the Virunga region, a volcanic mountain range straddling the borders of the...
Lomé is hosting the 9th edition of the International Film Festival of Togo (FIFTO) featuring 33 films. The event promotes African storytelling in...