![]() Sometime last year, Carry1st and Riot Games cemented that investment by signing a partnership where the South African organization agreed to local payments for the American video game developer starting in 2023. Last January, Carry1st announced a $20 million Series A extension round, followed by another $6 million raised in May 2021 from multiple investors, including Riot Games, the developer of the most played PC game globally, League of Legends, and Publishers included. And so this adds even more resources, perspective and support to help us achieve our goals,” said Cordell Robin, Chief Executive Officer -Coker told TechCrunch in an interview. “We now have three of the best funds in our minds that focus on gaming and Web3. Both A16z and Konvoy participated in this funding round, which also included TTV Capital, Alumni Ventures, Lateral Capital and Kepple Ventures. But more impressive is its backing from top-tier funds focused on Web3 and gaming: Andreessen Horowitz (a16z), Convoy Ventures – and now BitCraft Ventures, the lead investor in its newly announced $27 million Pre-Series B round. ![]() Since launching in 2018, Carry1st, a publisher of social games and interactive content across Africa, has raised funding from investors such as Google through its Africa Investment Fund and Avenir Growth Capital. And as gamers in sub-Saharan Africa are set to grow to more than 180 million over the next five years, startups like South Africa-based Carry1st are strategically positioning themselves for this gradual growth phase in the industry, according to a report. ![]() In the coming decades, Africa will be an important growth market for mobile games, driven by the spread of technology adoption among the continent’s young population. ![]() African gaming startup Carry1st raises $27M from Bitcraft Ventures and A16Z ![]()
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