Tech in Africa
Africa’s leading mobile game publisher Carry1st has announced a $20 million Series A extension round led by Andreessen Horowitz alongside participation from Avenir and Google. This is Andreessen Horowitz’s first investment in the continent since it was headquartered in Africa. The move will see Jonathan Lai and David Haber join as the board of advisors as board as observers.
Several angel investors that took part in the round are such as Nas (a Grammy winner and top Crypto investor), alongside the founder of Sky Mavis, Chipper Cash, and Yield Guild Games. Other investors from Carry1st’s May 2021 Series A such as Riot Games, Konvoy Ventures, Raine Ventures, and TTV Capital, took part.
Carry1st founded by Cordel Robbin-Coker (CEO), Lucy Hoffman (COO), and Tinotenda Mundangepfupfu (CTO), offers a full stack publishing solution, handles user acquisition, live operations, community management, and monetization for partners. The company has partnered with leading companies PayPal and Chipper Cash, to allow Africa to easily and securely purchase virtual goods among them mobile data, Tinder subscriptions, and gaming currency.
Carry1st will channel this extra capital towards a 96% month revenue growth to expand its content portfolio, grow its product, growth, and engineering teams. Carry1st is currently expanding its gaming co-development working with leading game studios on original concepts.
Cordel Robbin-Coker, CEO and co-founder Carry1st pointed out excitement to partner with a world-class group of investors, who bring in “expertise across gaming, fintech, and web3.” Carry1st is working to position itself as a conduit for international and local mobile game companies while serving customers profitably.
