Companies · Gaming
Cape Town · Africa · Gaming
Diligence memoA one-page analyst read on Carry1st — recommendation, valuation, rhythm, risks.→Carry1st looks fair against its niche peers and is dormant on financing cadence.
Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the gaming sector profile.
Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.
No named principal in this company's public records yet — see all operators below.
Carry1st is one of 344 Gaming companies tracked from Cape Town, Africa. By capital raised it ranks in the upper tier (ahead of 73% of sector peers), and in the upper tier by modeled valuation est..
Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.
Carry1st SA mobile gaming startup Carry1st raises $2.5m seed funding round 0 By Tom Jackson on May 28, 2020 News , Southern Africa South African mobile gaming startup Carry1st has raised a seed funding round of US$2.5 million to help it add to its team, develop its tech, and publish new content. Launched last year and based in Cape Town, Carry1st is a mobile games publisher serving the first generation of African smartphone users that has so far reached over 1.5 million users across the region.
Carry1st SA mobile gaming startup Carry1st raises $2.5m seed funding round 0 By Tom Jackson on May 28, 2020 News , Southern Africa South African mobile gaming startup Carry1st has raised a seed funding round of US$2.5 million to help it add to its team, develop its tech, and publish new content. Launched last year and based in Cape Town, Carry1st is a mobile games publisher serving the first generation of African smartphone users that has so far reached over 1.5 million users across the region.
As reported in public records reported — not modeled.
Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.
The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.
Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.
Round size and date are reported; the stage label is inferred from round size (latest is Seed — a $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the gaming sector profile. Directional, not a quoted figure.
Not enough modeled valuation points to chart a trajectory.
Benchmarked against 344 companies in Gaming. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.
Raised more than 73% of sector peers (real $). Modeled value above 85% of peers (estimate).
A tighter cohort than the sector chart above — only companies at the same stage (Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #3 of 16.
| Company | Stage | Raised · real | Value · est | vs peer med. |
|---|---|---|---|---|
| Skystone Games Inc. | Seed | $3.0M | $64.8M | 1.76× |
| WildCard Games, Inc. | Seed | $3.7M | $55.0M | 1.49× |
| Carry1st this company | Seed | $2.5M | $54.8M | 1.49× |
| XY Gaming, Inc. | Seed | $2.5M | $54.8M | 1.49× |
| Lionheart Games, LLC | Seed | $2.0M | $43.8M | 1.19× |
| Rogue Games, Inc. | Seed | $5.8M | $41.6M | 1.13× |
| Good Gaming, Inc. | Seed | $3.3M | $38.1M | 1.03× |
| Game Band Inc. | Seed | $2.6M | $36.9M | 1.00× |
| Netspeak Games Ltd | Seed | $1.7M | $36.7M | 1.00× |
| Game Jolt Inc. | Seed | $2.6M | $35.7M | 0.97× |
| Tonk Tonk Games, Inc. | Seed | $1.5M | $32.9M | 0.89× |
| CLT Esports LLC | Seed | $1.3M | $27.4M | 0.74× |
Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Seed | $2.5M | 2020-05-28 | $12.5M | $54.8M | 45% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.
Carry1st is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| Skrmiish | Gaming | Seed | $2.5M | $22.8M | same sector · same stage |
| XY Gaming, Inc. | Gaming | Seed | $2.5M | $54.8M | same sector · same stage |
| Savepoint Games Inc. | Gaming | Seed | $2.5M | $28.7M | same sector · same stage |
| Game Band Inc. | Gaming | Seed | $2.6M | $36.9M | same sector · same stage |
| Beautiful Game, LLC | Gaming | Seed | $2.6M | $57.0M | same sector · same stage |
| Double Crown Gaming Co. | Gaming | Seed | $2.4M | $52.6M | same sector · same stage |
| Game Jolt Inc. | Gaming | Seed | $2.6M | $35.7M | same sector · same stage |
| Harmony Games Inc. | Gaming | Seed | $2.7M | $16.4M | same sector · same stage |
Public records name issuer insiders, not the funds in a round — these investor links come from corroborating sources.
| Firm | Round | Confidence |
|---|---|---|
| Chandaria Capital | Seed | 55% |
| CRE Venture Capital | Seed | 55% |
| Lateral Capital | Seed | 55% |
| Perivoli Innovations | Seed | 55% |
See where Carry1st sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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