Tech Company Financing Transactions
Jumbo Funding Round
Jumbo, based in Menlo Park, secured $3.5 million from Huobi, Pantera Capital and D21 Ventures.
Transaction Overview
Company Name
Announced On
1/10/2023
Transaction Type
Venture Equity
Amount
$3,500,000
Round
Undisclosed
Investors
Huobi (Lead Investor)
Pantera Capital (Lead Investor)
Proceeds Purpose
The funds contributed to developing the user-friendly design and feature offerings that have positioned Jumbo as one of the largest DEXs on NEAR since its establishment in late 2021. Jumbo Exchange also employs HAPI, a novel security system that uses know-your-transaction (KYT) technology to ensure safety and security of users.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
Undisclosed
Menlo Park, CA Undisclosed
USA
Menlo Park, CA Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
Developer of a cryptocurrency exchange platform intended to eliminate the common struggles people experience when navigating decentralized exchanges. The company's exchange is built on a decentralized blockchain protocol and deployed to offer high yields and seamless pool transition, providing users with instantaneous swaps and a permissionless liquidity pool that can help them in generating high yields.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Alex Dyatlenko
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We do our best to report on funding rounds that are announced publicly. VC transactions on this site are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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