Congolese Web3 startup Jambo raises $30 million in Series A
Jambo, a Congo-based startup building a Web3 user acquisition platform has raised $30 million in its Series A funding round from Paradigm, an investment firm focusing on crypto/web3 companies.
- Launched in 2021, Jambo combines education, collective access to play-to-earn games and a curated network of web3 applications on its super app to attract millions of African youths to web3.
- The startup last raised $7.5 million in its seed round in February 2022 from Coinbase (COIN), and Alameda Research among others.
- The latest funding round marks Paradigm's first investment in Africa after it launched a $2.5 billion crypto fund in November 2021.
Get new posts directly to your inbox
You've successfully subscribed to Techloy
Great! Next, complete checkout to get full access to all premium content.
Welcome back! You've successfully signed in.
Success! Your account is fully activated, you now have access to all content.
Error! Stripe checkout failed.
Success! Your billing info is updated.
Error! Billing info update failed.