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 Capital, Kam Kronenberg III, Transsion’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 Mundangepfupfu, Cordel Robbin-Coker, and Lucy Hoffman.