January 19

African Mobile Game Publisher Carry1st Raises $27 Million in Funding Round Led by Bitkraft Ventures

By Victor Oluwole

African mobile game publisher, Carry1st, has raised $27 million in a funding round led by BITKRAFT Ventures and featuring participation from Andreessen Horowitz (a16z), TTV Capital, Alumni Ventures, Lateral Capital, Kepple Ventures, and Konvoy. This funding comes on the heels of a successful partnership with Call of Duty: Mobile in South Africa in Q4 2022 and a new partnership with Riot Games set to launch in 2023.

Carry1st is a full-stack publishing solution that handles user acquisition, live operations, community management, and monetization for its content. The company aims to enhance monetization in the region through Pay1st, its embedded payments solution and online marketplace for virtual goods, which allows customers across Africa to pay for content in their preferred way.

Photo courtesy of Stas Knop.

Source: Pulse Ghana (link opens in a new window)

Investing, Technology
business development, digital payments, partnerships, venture capital