Investment
Rapper Nas Joins Andreessen Horowitz in Africa Gaming Investment By Abbianca Makoni It wants to use this additional capital to scale interactive content across Africa, build the workforce and acquire new users. The startup will also partner with studios to develop new concepts and build infrastructure for play-to-earn gaming, according to reports. The team currently has a team of 37 people across 18 countries. The company ▲Carry1st founders Lucy Hoffman, Cordel Robbin-Coker, Tinotenda initially started as a Mundangepfupfu game studio where ▼Nas it conceptualized, developed, and launched mobile games but over time, it switched to a hybrid model, adopting a publishing role and handling distribution, marketing and operations. “When we think about Carry1st, we want to be the leading consumer internet company in the region. And we think that the best kind of wedge would be able to do that is a combination of gaming and micropayments and online commerce,” its CEO told TechCrunch. RAPPER NAS has joined US private equity “These industries are being pretty significantly firm Andreessen Horowitz and Alphabet Inc.’s disrupted or augmented with web3 and crypto. Google in an investment round for Africa-focused And as more gaming content starts to integrate mobile gaming platform – Carry1st. with NFTs and cryptocurrencies, we think there’s a Carry1st, a South African publisher of social really big opportunity to partner with those studios games and interactive content across Africa, has the same way we partner with free-to-play studios,” raised $20 million Series A from the investors. he added. The startup, launched by Cordel Robbin-Coker, https://peopleofcolorintech.com/africa/rapperLucy Hoffman and Tinotenda Mundangepfupfu nas-joins-andreessen-horowitz-in-africa-gamingin 2018, also received investments from Avenir investment and the founders of Chipper Cash, Sky Mavis and Yield Guild Games, took part. Image credit: youtube.com
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January-February 2022
DAWN
www.africabusinessassociation.org
