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Investment in African gaming startups gains momentum

Investment in African gaming startups gains momentum

CONRAD ONYANGO, BIRD STORY AGENCY AFRICAN gaming platforms are reporting increased investment activity, signalling investor confidence in Africa’s growing reputation as a market for the gaming industry. South African gaming startup, Carry1st recently raised US$27 million in a pre-Series B round, the single largest fundraiser for any African gaming startup and Carry1st’s most significant since its founding in 2018. “Carry1st will use the financing to develop, license, and publish new games as well as further expand Pay1st, the company’s monetization-as-a-service solution,” the company said in a statement. The mobile games publisher raised Series A rounds of US$20 million in January…
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