The growth that can be observed in the entire game industry is the same trend in the African market. The mobile game market demand in Africa is growing steadily. Considering the demand in the African market, Carry1st took action and raised $20 million from investors for its mobile game publishing platform.
Andreessen Horowitz (A16z) was founded by Marc Andreessen and Ben Horowitz with the participation of Avenir and Google. The Carry1st investment is A16z’s first African investment. Investors David Haber and Jonathan Lai will join Carry1st’s board of directors as observers.
Participants in the tour include several prominent angel investors, including Nas, Chipper Cash, Sky Mavis, and the founders of Yield Guild Games. On the other hand, companies such as Riot Games, Konvoy Ventures, Raine Ventures, and TTV Capital are also mentioned in the investment.
David Haber, the Managing Partner of Andreessen Horowitz, said in a statement:
“We are delighted to be making our first investment in an Africa-headquartered company in Carry1st, a next-generation mobile games and fintech platform. We see immense opportunity for the company to mirror the outstanding successes we’ve seen in markets like India, China, and Southeast Asia. We couldn’t be more thrilled to partner with founders Cordel, Lucy, Tino, and the Carry1st team on their mission to build the Garena of Africa.”
Nitin Gajria, Managing Director of Google Africa, commented:
“We’re thrilled to partner with Carry1st to unlock the mobile gaming industry in Africa and support the team as they scale solutions to the hundreds of millions of new consumers coming online for the first time.”
Carry1st released SpongeBob: Krusty Cook-off with the support of Tilting Point. Carry1st’s portfolio includes games such as Mine Rescue! – Puzzle Game, Gebeta!, and Match League. The company will use the support of its investors for the promising African mobile game market.
