Congrats to the team at Jambb on their recent $3.5M seed round. The round was co-led by Arrington Capital and Animoca Brands, both investors focused on digital assets and blockchain-based investments. You can read more about the round here.
We’ve loved working with the Jambb team in our first Accelerator cohort and are excited to continue to support the company in this next stage. This is also one of our first investments in the crypto space, which is an area that we think is becoming increasingly relevant to our thesis of the Everyday Economy.
We are also excited that this is now the third company from our first Accelerator cohort that has gone on to raise a large seed or Series A, joining Lula (series A led by Founders Fund), and Shelflife (Seed round led by Kindred). Unlike other accelerators, our focus is not to artificially manufacture fundraising traction around our program but to partner with founders in the messy ideation, validation, and company building that is critical in the earliest stages. Fundraising, when needed, is a happy by-product of this work and we are glad that Jambb is now well capitalized to chase after their vision in the digital collectibles space.