About Carry1st
Carry1st is a company based in Cape Town (South Africa) founded in 2018 by Lucy Parry, Cordel Robbin-Coker, and Tinotenda Mundangepfupfu.. Carry1st has raised $65.5 million across 7 funding rounds from investors including Google, Mastercard and Riot Games. Carry1st offers products and services including Publishing Services, Carry1st Shop, and Payment Solutions. Carry1st operates in a competitive market with competitors including Tilting Point, Kongregate, TapNation, Crazy Labs and Tamatem, among others.
- Headquarter Cape Town, South Africa
- Founders Lucy Parry, Cordel Robbin-Coker, Tinotenda Mundangepfupfu
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$65.5 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
Google
& 22 more
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Employee Count
Employee Count
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Products & Services of Carry1st
Carry1st offers a comprehensive portfolio of products and services, including Publishing Services, Carry1st Shop, and Payment Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
End-to-end services for mobile game publishing in Africa
Online platform for buying in-game items and vouchers
API for accepting local payments in games
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Funding Insights of Carry1st
Carry1st has successfully raised a total of $65.5M across 7 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Last Round
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First Round
First Round
(28 May 2020)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series A - Carry1st | Valuation |
investors |
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| Jan, 2024 | Amount | Series A - Carry1st | Valuation |
investors |
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| Jan, 2023 | Amount | Series A - Carry1st | Valuation | BITKRAFT Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Carry1st
Carry1st has secured backing from 23 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Google, Mastercard and Riot Games. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital funds are managed to support unlisted companies' growth.
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Founded Year | Domain | Location | |
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Venture capital fund investing in technology and AI sectors.
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Founded Year | Domain | Location | |
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Venture capital investments in gaming, Web3, and AI technologies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Carry1st
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Carry1st
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Carry1st Comparisons
Competitors of Carry1st
Carry1st operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tilting Point, Kongregate, TapNation, Crazy Labs and Tamatem, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobile games are published and supported by Tilting Point.
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| domain | founded_year | HQ Location |
Video games are published via a web-based gaming platform.
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| domain | founded_year | HQ Location |
Developers are assisted in mobile game publishing and growth strategies.
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| domain | founded_year | HQ Location |
Casual mobile games are published online by Crazy Labs.
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| domain | founded_year | HQ Location |
Multi-genre mobile games are published for the Arabic market.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Carry1st
Frequently Asked Questions about Carry1st
When was Carry1st founded?
Carry1st was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Carry1st located?
Carry1st is headquartered in Cape Town, South Africa. It is registered at Cape Town, Western Cape, South Africa.
Who is the current CEO of Carry1st?
Cordel Robbin-Coker is the current CEO of Carry1st. They have also founded this company.
Is Carry1st a funded company?
Carry1st is a funded company, having raised a total of $65.5M across 7 funding rounds to date. The company's 1st funding round was a Series A of $27M, raised on May 28, 2020.
What does Carry1st do?
Carry1st was founded in 2018 in Cape Town, South Africa, and operates as a publisher and developer in the mobile gaming sector. The company focuses on distributing and creating games for the Android platform, including the development of Carry1st Trivia, an app where users answer multiple-choice questions to earn rewards. Operations are centered on emerging markets, with leadership provided by co-founders such as Cordel Robbin-Coker as CEO.
Who are the top competitors of Carry1st?
Carry1st's top competitors include Tilting Point, Supersonic and Crazy Labs.
What products or services does Carry1st offer?
Carry1st offers Publishing Services, Carry1st Shop, and Payment Solutions.
Who are Carry1st's investors?
Carry1st has 23 investors. Key investors include Google, Mastercard, Riot Games, Yield Guild, and Sky Mavis.
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