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Carry1st, African mobile gaming startup raises $2.5m

Latest round of investment marks a cumulative infusion of $4 million

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Carry1st  just secured US$2.5 million during a Series seed round led by CRE Venture Capital. Other participants were Chandaria Capital, Perivoli Innovations,  Lateral CapitalKam Kronenberg IIITranssion’s Future Hub, among others. The new funding gives them a cumulative tally of $4 million raised thus far. The proceeds from this capital infusion will be used to hire top talent, invest in the development of a technology platform, and publish new content.

In line with the capital injection, two team members will join the board; the managing partner at CRE Pardon Makumbe, and the CPO at One Team Partners Henry Lowenfels. Carry1st is among the leading mobile game publishers serving first-generation smartphone users across Africa.  It boasts over 1.5million users, having only operated since 2019.

Carry1st Trivia was the top #freetoplay Android game in the Kenyan and Nigerian markets. It has also won accolades such as 2019’s Best Media & Entertainment Solution. The company plans on partnering with international studios this 2020. That should see them launch more games and achieve over a million active users.

Cordel Robbin-Coker, who was Carry1st’s first CEO was upbeat over the future prospects even terming social gaming as the “largest and fastest-growing form of mobile media.”

Pardon Makumbe, CRE Partner expressed excitement over working with a “world-class team at Carry1st” and has his eyes set on Africa’s “1.3 billion consumers.”

The company was founded by Tinotenda MundangepfupfuCordel Robbin-Coker, and Lucy Hoffman.

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