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African Web3 App Company Jambo Raised $30M in Series A Led by Paradigm

African Web3 app company Jambo announced that it has raised $30m in Series A led by Paradigm, with participation from Pantera Capital, Delphi Ventures and others. The fund raised will be used to develop products and expand its footprint in Africa. Jambo aims to be a one-stop-shop super crypto app for African market. It's testing about a dozen play-to-earn games that could meet local data bandwidth and is planning to launch a non-custodial wallet on Polygon in the third quarter of this year.
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Fund Raising

Web3

DeFi

Paradigm

Pantera Capital

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