JAN3 Raises $5M Seed Round for AQUA Wallet Development
JAN3 has completed a $5 million seed round, led by Fulgur Ventures, with participation from Grupo Salinas, Tether, Lightning Ventures, East Ventures, Plan B Fund, Bitcoin Opportunity Fund, and NYDIG.
- This seed financing will aid the development and expansion of the AQUA Wallet and support JAN3’s nation-state initiatives.
"We’re very excited to announce $5 million in seed funding to accelerate the development and expansion of the AQUA Wallet. This funding marks a pivotal step in our journey to make Bitcoin accessible, practical, and transformative for users around the globe," announced the project.
- The latest funding round follows an oversubscribed pre-seed round of $620,000 closed in early 2023. $1 million of the funds will be allocated to establish a Bitcoin Treasury for JAN3, consisting of 12 BTC, acquired at an average cost of $83,333.33 per BTC.
- "Tether is excited to support the work JAN3 is doing to advance financial freedom around the world. JAN3’s AQUA wallet has found excellent product-market fit by offering the perfect balance of saving in Bitcoin with spending in USDt," said Paolo Ardoino, CEO of Tether.
"We’ve seen rapid growth in both user adoption and volumes, with the month of November 2024 alone crossing $11 million in swap volume. By leveraging advanced technologies like the Lightning and Liquid Networks, we’ve managed to create a Bitcoin Superapp that’s able to deliver real utility and is being used in daily life around the world. It just works, and it’s only going to get even better," said Samson Mow, CEO of JAN3.
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