Carry1st secures $6Mn funds to set foot in Africa’s gaming market

The company will focus on partnering with global gaming studios and expanding its product portfolio

Carry1st, an Africa-centric mobile game publisher, has reportedly bagged USD 6 million in funds to enter the region’s emerging billion-dollar gaming industry. Notably, Carry1st offers a complete publishing solution, localization, user acquisition, customer experience, marketing, distribution system, and monetization for its stakeholders.  

As per sources, the funding round was led by Konvoy Ventures- a prominent video game venture capital company based in Colorado. As part of the deal, the managing partner of Konvoy Ventures- Jackson Vaughan is joining the firm’s board.

Seemingly, the funding round witnessed the participation of Riot Games- the developer of League of Legends, leading fintech company- TTV Capital, Raine Ventures, and Tokyo-headquartered AET Fund/Akatsuki, also known as the creators of Dragon Ball Z.  

According to an official statement by Carry1st, the freshly injected funds will be used to gain new partnerships with global gaming studios, introduce and scale its prevailing portfolio of games, engineering and strengthen and grow its teams.

Incorporated in the year 2018, the company aims at meeting the rapidly rising gaming demands in Africa among the young population. With offices in Lagos, South Africa, and New York, the startup has also unveiled two games as direct downloads from its website- Carry1st Trivia and Hyper!. 

In 2019, Carry1st Trivia became the No.1 Android game in Nigeria and Kenya, with over 1.5 million downloads. While the firm raised USD 2.5 million seed round in the first half of 2020 and designed a payment platform called Pay1st’ that allowed the users to make payments through local payment mechanisms.

For the record, this novel platform is now present in 6 different African nations extending an embedded fintech technology that consolidates major payment systems.

Source Credit: https://technext.ng/2021/05/04/mobile-game-publisher-carry1st-raises-6-million-to-tap-into-africas-gaming-market/