Bitkraft Ventures Leads $27 Million Raise In South African Based Mobile Games Publisher, Carry1st
Bitkraft Ventures Leads $27 Million Raise In South African Based Mobile Games Publisher, Carry1st. American venture capital firm Bitkraft has announced that it led a $27 million raise for South African based mobile games publisher. The company took to LinkedIn to share the announcement.
The post read, “We are thrilled to be kicking off the new year with news of our investment in Cordel Robbin-Coker, Lucy Hoffman, Tinotenda Mundangepfupfu, and the team at Carry1st! This is a leadership group that was easy for us to believe in as operators, and are coming off leading Carry1st to a highly successful year – one that included the first game from its CrazyHubs gaming accelerator becoming the #1 downloaded game in the US. More broadly, as the home to the largest population of young people in the world, we think Africa represents a significant opportunity in the gaming industry as this upcoming generation will grow up digitally native with video games as their primary entertainment preference.”
Carry1st is the leading publisher of social games and interactive content in Africa. The company works with studios across the globe – from Addis Ababa to Sofia to New York City – to level up their games and scale them in dynamic, new markets. To serve its customers in Africa, it has built out a proprietary payments and ecommerce experience which gives its users the ability to pay for digital content, even when they don’t have a credit card.
Bitkraft Ventures continued to say, “We have deep conviction that the impressive founding team at Carry1st are well-positioned to execute their vision of building out foundational infrastructure and localized content, ensuring that gaming and interactive entertainment will thrive on the continent. As always, we are grateful to be joined by a group of thoughtful co-investors on this project, including Andreessen Horowitz, as well as the teams from TTV Capital, Alumni Ventures, Lateral Capital Ventures, Kepple Africa Ventures, and Konvoy.”
