Jambo’s $30 Million Funding Round

Carey Olsen, working alongside onshore counsel Cooley LLP, advised Jambo on the round.

Jambo, a Congo-based startup building a Web 3 user acquisition platform, has closed a $30 million Series A funding round. 

The Series A was led by crypto-focused venture firm Paradigm with its first ever investment in Africa. Additional participation in the funding round came from the likes of ParaFi Capital, Pantera Capital, Delphi Ventures, Kingsway Capital, Gemini Frontier Fund, BH Digital, Graticule Asset Management Asia, Shima Capital, and Morningstar Ventures.

Jambo’s app concept combines education, collective access to play-to-earn games for lower barriers of entry and access to a curated network of Web3 applications.

The Carey Olsen team consisted of partner Alistair Russell (Picture), counsel Chris Duncan and articled clerk Nicholas Vasic.

Involved fees earner: Chris Duncan – Carey Olsen; Alistair Russell – Carey Olsen;

Law Firms: Carey Olsen;

Clients: Jambo;

Sonia Carcano

Author: Sonia Carcano