On the journey to crowdsource USD1 Million, Cameroonian gaming startup receives USD200,000 in investment committments.
After 4 years in the tides as one of Africa’s new entrants to the gaming space, Kiro’o Games claims to have raised USD150,000 in 6 days.
It has recently launched its latest campaign, and has already secured US$200,000 in commitments, including an undisclosed amount from the Cameroon Angels Networks (CAN). It hopes to raise anything between US$300,000 and US$1 million in funding, which it will use to grow its team, develop more games and enter new markets.
In a business plan made available to the public, Kiro’o Games says it hopes to reach at least one million customers in Africa by 2025, with an annual turnover of US$20 million.
“The relationship with a shareholder is as important as that in marriage. Beyond money, Kiro’o will only retain investors who are compatible with our vision. We also ensure rigorous due diligence on investors’ sources of income,” said Jean-Yves Bassangna, co-founder and CFO of Kiro’o Games,