Carry1st raises R300m in latest capital drive
The SA-based mobile games publisher bagged the cash in a round led by a US venture capital fund
Carry1st, an SA-based mobile games publisher, has raised more than R300m in a new funding round, led by Andreessen Horowitz, one of the largest US venture capital funds, as more foreign investors aim to capitalise on growth in local technology companies.
Carry1st, which specialises in mobile games and interactive content, raised $20m (R302.56m) through a Series A extension led by Andreessen Horowitz, a Silicon Valley firm cofounded by billionaire investor Marc Andreessen, with more than $16bn under management. The capital raise also saw participation from US investment firm Avenir, and Google...