Chandaria Capital joins Sh250m game funding

Google+ Pinterest LinkedIn Tumblr +

Chandaria Capital joins equity investors in raising Sh250 million that will be used to promote developer Carry1st in the commercial operations in Kenya and across Africa.

The Kenyan firm did not reveal the amount it has raised. However, the fundraising led by CRE Venture Capital included Lateral Capital, Perivoli Innovations, Kam Kronenberg 111, Transsion’s Future Hub, among others, brings the total to Sh400 million. 

According to Carry1st, the funds will be used to hire staff, promote the platform and invest in the development of new games and mobile apps.

Chandaria has shares in automaker Mobius, real estate’s app Doorsteps, cooking fuel vendor Koko Network among others.

Carry1st was launched last year and has seen its Carry1st Trivia free-to-play Android game top the ranks in Kenya and Nigeria within the year. It was titled as the Best Media and Entertainment solutions in the AppsAfrica Award fete in 2019, which was held in South Africa. 

“Social gaming is the largest and fastest-growing form of mobile media entertainment, grossing more than three times all other app categories combined. Our mission is to bring this world of interactive content to Africa,” said Cordel Robbin-Coker, the Carry1st chief executive.

Share.

About Author

The Author of this Article is a registered Financial & Investment Analyst with Institute of Certified Investment and Financial Analyst. If your require more information Email: info@finsolutions.co.ke or +254 780216631

Leave A Reply