What is Jadu?
Founded in 2020 and based in Los Angeles, California, Jadu initially focused on holographic performance. The company has since pivoted its strategic direction towards the development of a world-scale augmented reality (AR) gameworld. This ambitious project involves 3D NFT avatars that interact with the physical world, complemented by Jadu game items designed for transportation, which are being rolled out as non-fungible tokens in anticipation of the game's launch. The company's evolution reflects a strategic move to capitalize on the burgeoning digital asset and immersive gaming markets.
How much funding has Jadu raised?
Jadu has raised a total of $7M across 1 funding round:
Angel/Seed
$7M
Angel/Seed (2021): $7M with participation from LionTree, Coinbase, Nick Adler, Metapurse, PKO Investments & Progression Fund, Sound Ventures, Keith Grossman, General Catalyst, and The VR Fund
Key Investors in Jadu
LionTree
LionTree is an investment and merchant bank specializing in media, technology, communications, consumer, and creative industries, focusing on accelerating growth and transformation in the global digital economy.
Coinbase
Coinbase provides financial infrastructure and technology for the crypto economy, offering a primary financial account for consumers and a marketplace for transacting crypto assets for institutions.
Sound Ventures
Sound Ventures is a venture capital firm that invests early in visionary founders, providing hands-on support as they scale innovative products and infrastructure, with a specialization in identifying industry shifts and backing companies achieving product-market fit.
What's next for Jadu?
With a major strategic investment and substantial total backing, Jadu is poised for significant expansion and development of its AR gameworld. The company's focus on integrating physical and digital realms through NFT avatars and game items suggests a strategy aimed at capturing a substantial share of the metaverse and play-to-earn gaming markets. Future endeavors will likely concentrate on refining the core gaming experience, scaling its user base, and potentially forging new partnerships to enhance its ecosystem and technological capabilities. The company's trajectory indicates a strong emphasis on innovation and market penetration within the decentralized gaming space.
See full Jadu company page
