https://techcrunch.com/2023/01/17/african-gaming-startup-carry1st-raises-27m-from-bitkraft-ventures-and-a16z/

In the coming decades, Africa will be a significant growth market for mobile games driven by the proliferation of technology adoption among the continent’s youthful population. And as gamers in sub-Saharan Africa increase to over 180 million in the next five years, per a report, startups such as South Africa-based Carry1st are strategically positioning themselves for this successive growth phase in the industry.

Since its launch in 2018, Carry1st, a publisher of social games and interactive content across Africa, has raised funding from investors such as Google via its Africa Investment Fund and Avenir Growth Capital. But more impressive is its backing from top-tier funds focused on web3 and gaming: Andressen Horowitz (a16z), Konvoy Ventures – and now Bitkraft Ventures, the lead investor in its newly announced $27 million pre-Series B round. Both a16z and Konvoy participated in this financing round, including TTV Capital, Alumni Ventures, Lateral Capital and Kepple Ventures.