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
Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...
Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
While attention is focused on the closure of the Strait of Hormuz and its impact on oil markets, another, less visible crisis is unfolding behind the...
New sovereign fund will channel mining and oil revenues into development Three sub-funds target infrastructure, stability, and long-term...
Program aims to reintegrate 200,000 excluded youth over five years Mobile school model targets rural and underserved populations Initiative addresses...
Reforms focus on skills, access, and science education IsDB backs projects worth over $100 million Youth unemployment remains high despite job...
Fally Ipupa plans a two-part album project combining urban sounds and traditional rumba. The first album “XX” releases on April 17, while “XX Delirium”...
MASA 2026 gathers artists and industry professionals from over 28 countries in Abidjan. The event features 99 performances across market and...