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U.S Gaming VC Konvoy Ventures Spots Big In Africa, Starting With Carry1st

By  |  May 19, 2021

Sea Limited

That’s the name of a Singapore-based billion-dollar company that started as an eCommerce outfit. Even today, the Tencent-backed venture gains much of its popularity from its online shopping empire, Shopee. 

And, as far as mobile gaming is concerned in Southeast Asia, Sea Limited is one of the companies in charge of the waves.

Garena—the company’s online gaming division—published record-breaking games like League of Nations and Arena of Valor

Sea’s also deep into game developing waters, being the company behind Free Fire—the only game that defeated Tencent’s PUBG to become the most bought battle royale game in the U.S. The 2017 title has become the most downloaded game globally over the last 2 years. 

More recently, Sea's embarking on a food delivery voyage, riding on its eCommerce and gaming success secrets.

With another involvement in fintech, the tech unicorn has built Southeast Asia’s largest consumer payments/eCommerce platform. Sea Limited, today, is an internet venture worth over USD 130 Bn.

The point of the epilogue? In Africa, there’s a startup that appears to want to achieve the same kind of financial success, seemingly in reverse. 

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