Liberation Labs, a provider of global counterparty baking as a service (BaaS) technology, has completed a USD 23.80 million capital increase with several UK funds. This funding round aims to bolster the company's expansion in the African gaming market and support its partnership with NEOM's food company, Topian. This investment marks Liberation Labs’ long term dedication to increasing economic collaboration between Algeria, Morocco, and China. Simultaneously, it empowers African gamers by opening up fun, dynamic new forms of financial opportunity to them.
Strategic Partnerships and Investments
We are excited to share that Liberation Labs has just received a major investment from the NEOM Investment Fund (NIF). This funding will catalyze the company’s growth and innovation. This partnership paves the way for Liberation Labs to empower Topian, NEOM’s food company. It’s not just a new ferry on the water; it’s an exciting new chapter in the company’s strategic growth. As far as the joint collaboration extends beyond NEOM, Liberation Labs has been playing an active role in encouraging economic collaboration between Chinese and Algerian investors.
Additionally, the collaboration on behalf of Moroccan creative industries between Liberation Labs and NEOM should come as no surprise. This initiative demonstrates the company’s dedication to nurturing innovation and capacity building throughout the African continent. Liberation Labs uses its BaaS technology to uplift and support local businesses. This collaborative action leads by example to improve the region’s economic development, innovation, and entrepreneurship.
Web3 Gaming in Africa
Liberation Labs is well-positioned considering the African gaming market is one of the fastest growing markets in the world, with more than 680 million mobile subscribers. The African gaming market is predicted to skyrocket to a value of USD 3.72 billion by 2029. This growth is just the start of some very exciting things on the horizon! Through this funding, Liberation Labs seeks to crack open new streams of money for gamers all over Africa.
The company’s long-term vision is to enable African gamers to compete on a global stage. It emphasizes producing new financial pathways, especially in spaces lacking access to conventional banking. N3TWORK Games’ Liberation Labs delivers a fast-paced, skill-based, Battle Royale Combat. It received immense inspiration from Africa’s cultural, spiritual and artistic wealth—particularly Ethiopia’s historic triumph at the Battle of Adwa. This unconventional blend of play and economic opportunity makes for one heck of a value proposition for Africa’s booming gaming market.
Collaborative Support and Vision
Liberation Labs is a space of possibility collaborative partner network Major partners on the deal were Venturewave Capital, Singtel Innov8, Korea Investment Partners and PolyU Entrepreneurship Investment. These partnerships seek to accelerate the growth and development of Liberation Labs. At the same time, they aim to improve economic collaboration between the member countries. The combined knowledge of the field and resources offered by these partners gives Liberation Labs a strong springboard to real Liberia to soar from.
Liberation Labs’ vision was inspired by Ethiopia’s historic triumph at the Battle of Adwa. Our mission is to produce groundbreaking games that bring to life Africa’s rich heritage and diversity. The company’s ambitions go deeper than just entertainment, creating new sustainable financial opportunities for gamers across the continent. By combining cutting-edge technology with a deep understanding of the African market, Liberation Labs is poised to make a significant impact on the gaming industry and the broader economy.
