Deal Street

2024 African Venture Capital Report

Coming Soon
Ethiopian Gaming Startup Rise Of Fearless Raises USD 1 M From Epic Edges Capital
Ethiopian Gaming Startup Rise Of Fearless Raises USD 1 M From Epic Edges Capital

Rise of Fearless, an Ethiopian-founded gaming startup launched in 2025 by entrepreneur Kanessa Muluneh, has raised USD 1 M from advisory firm Epic Edges Capital to scale its African history-inspired mobile game.

The Addis Ababa-based company develops a free-to-play battle royale game drawing inspiration from Ethiopia’s victory over Italian forces at the 1896 Battle of Adwa.

Its characters, environments and designs incorporate African identities, offering an alternative to Western-centric gaming narratives.

Available on Apple’s App Store and Google Play, the game has recorded more than 15,000 downloads, with its largest player communities in Nigeria, Ethiopia and South Africa. The SAFE investment will fund talent, technology, infrastructure, marketing and community development.