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Jumbo Raises $3.5M To Deliver Its Decentralized Exchange Ecosystem To The Near Protocol

Jan 10, 2023over 2 years ago

Amount Raised

$3.5 Million

Round Type

seed

LondonCryptocurrencyBlockchainFintech

Investors

Genblock CapitalProximityFundamental LabsMetaweb VenturesD21 VenturesDweb3Huobi IncubatorPantera

Description

Jumbo, a leading decentralized exchange built on the NEAR Protocol, is proud to announce the successful completion of a $3.5 million fundraising round led by Pantera and Huobi Incubator, with additional funding from DWEB3, D21 Ventures, Metaweb Ventures, Fundamental Labs, Proximity, and Genblock Capital.

Company Information

Company

Jumbo

Location

London, Ontario, Canada

About

Jumbo is an AMM-powered decentralized exchange based on the NEAR Protocol that offers a cheap, seamless, and unfettered way for anyone to trade. Since its inception in 2021, Jumbo has recorded more than $19.5 in total value locked (TVL), $745 million in cumulative volume, and has a user base of more than 20,000 unique wallets. More information can be found at https://jumbo.exchange/.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers