Waterdrip Capital invests in Web3 application Jambo

Waterdrip Capital has invested in Web3 application Jambo to help it expand into emerging markets. Founded in early 2022, Jambo is committed to building "Web3 super applications" that offer revenue opportunities through the logic of "learning, playing, and earning". Jambo recently launched the Web3 Earn mobile JamboPhone, priced at only $99. It is reported that Jambo is headquartered in Congo and has completed a seed round of $7.5 million and a Series A financing round of $30 million in 2022, with investors including Paradigm, Coinbase Ventures, and Pantera Capital.