According to official news, Waterdrip Capital invested in Web3 application Jambo to help it expand into emerging markets. Founded in early 2022, Jambo is committed to building "Web3 super applications" to gain revenue opportunities through the logic of "learn, play, and make money". Jambo recently launched its Web3 Earn phone, the JamboPhone, priced at just $99.
According to reports, Jambo is headquartered in Congo and has completed a US$7.5 million seed round and a US$30 million Series A financing in 2022. Investors include Paradigm, Coinbase Ventures and Pantera Capital.