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Founded in 2018, Carry1st caters to the burgeoning African smartphone gaming market, boasting millions of users across the region.
The company has partnered with industry giants like Activision, Supercell, and Riot Games to scale popular titles like Call of Duty: Mobile and Valorant, while also developing its own games like Africa Glam and Mancala Adventures.
To enhance monetization, Carry1st established a proprietary payments platform and online marketplace.
This latest investment adds Sony to Carry1st’s already impressive roster of backers, including Andreessen Horowitz, BITKRAFT, Google, Riot Games, and Nas.
The Sony Innovation Fund: Africa, launched in late 2023 with an initial allocation of US$10 million, aims to support the growth of entertainment ventures across Africa, encompassing gaming, music, film, and content distribution.
While the specific amount invested in Carry1st remains undisclosed, it signifies Sony’s commitment to the African gaming market’s immense potential.
“We are thrilled to join forces with Sony Innovation Fund: Africa,” said Cordel Robbin-Coker, CEO and co-founder of Carry1st.
“This partnership will fuel Carry1st’s mission to shape the future of African gaming. We believe the console market in Africa holds massive, untapped potential, and Sony’s expertise in gaming and entertainment perfectly complements our regional strengths. Together, we aim to bring the best games to players across the continent.”
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
Egyptian healthtech startup Almouneer has raised $3.6 million in seed funding to develop and scale its DRU app, a platform for lifestyle and diabetes management.
Climate Fund Managers (CFM), a climate-focused blended finance investment firm operating across Africa, Asia, and Latin America, has announced a new initiative to co-develop a 30MW municipal waste-to-energy project in Freetown, Sierra Leone.
A UK-Malawian venture, Aftrak, has emerged victorious in the Milken-Motsepe Prize in Green Energy, a competition aimed at boosting access to sustainable electricity in Africa.