African mobile games publisher Carry1st raises $27M in funding

With millions of Africans now having access to smartphones, the gaming market in Africa is expected to grow exponentially and Africa is expected to have a massive growth market for mobile games, with sub-Saharan Africa reaching more than 180 million in the next five years, according to a report. 

Carry1st has announced it has raised $27 million in a pre-Series B round led by Bitkraft Ventures. Other backers included current investors Andreessen Horowitz (a16z), Konvoy Ventures, TTV Capital, Alumni Ventures, Lateral Capital, and Kepple Ventures.

The funding news comes just a year after the startup raised a $20 million Series A extension led by Andreessen Horowitz (a16z) in January 2022. Carry1st also raised secured $6 million in funding in May 2021 to scale its existing portfolio of games, and bolster its fintech solutions for gamers, Pay1st.

It was founded in 2018 by Tinotenda Mundangepfupfu, Lucy Hoffman, and Cordel Robbin-Coker and headquartered in Cape Town, South Africa

"We're delighted to partner with Bitkraft, one of the world's top gaming VC firms, alongside a16z and other existing investors as we continue on our mission to scale awesome content in Africa," said Carry1st CEO Robbin-Coker.

 

Gaming-in-Africa

Boris Bulj

Editor-In-Chief

With an unhealthy obsession with Coffee and Gaming, Boris uses his obsessions to fuel his passion for the gaming community. An avid fan of First Person Shooters, RPGs, if it's got explosions he's playing it. Most likely drinking coffee and playing an FPS right now :)