African gaming startup Carry1st has raised $27m in a funding round.
The mobile games publisher raised the funds to boost its publishing and digital content across the continent.
The round was led by the global investment gaming platform Bitkraft Ventures with help from American venture capital firm Andreessen Horowitz.
Alumni Ventures, Konvoy, Kepple Ventures, Lateral Capital and TTV Capital also participated in the funding round.
The funds raised will be used to expand the company’s monetization-as-a-service platform, Pay1st; an option to enable further profit from third-party publishers in Africa.
The deal followed approximately one year after Carry1st secured a previous $20m in a round supported again by Andreessen Horowitz and the Google parent company Alphabet.
The funds were said to go towards expanding Carry1st’s content portfolio, internal capacity and understanding of how to integrate NFTs and play-to-earn (P2E) gaming.
When asked about web 3.0 expansion across Africa, a Carry1st spokesperson said: “Games are the dominant form of media pretty much everywhere in the world. We all need to have fun, connect with others and feel a sense of personal progression.”
Africa attracted the attention of the International Monetary Fund in November when it published a report drawing attention to Kenya, a country largely recognised as expanding its crypto involvement.
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