JAN3 Secures $5 Million in Seed Funding for AQUA Wallet

JAN3, the developers behind the popular Bitcoin wallet AQUA, have raised $5 million in seed funding to accelerate development of their Bitcoin-focused superapp.

The funding round was led by Fulgur Ventures, with participation from investors such as Tether, Grupo Salinas, Lightning Ventures, East Ventures, and others, as announced by the company. This new funding follows a pre-seed round that raised $620,000 in early 2023.

Paolo Ardoino, CEO of Tether, stated, “JAN3’s AQUA wallet has found excellent product-market fit by offering the perfect balance of saving in Bitcoin with spending in USDT.”

The company also plans to allocate $1 million of the funding to create a Bitcoin treasury, acquiring 12 BTC at an average cost of $83,333.33 per BTC.

The announcement emphasized that this seed funding will advance AQUA’s mission to onboard a billion people to Bitcoin. With the new capital, priorities will shift towards growth, including adding more Marketplace integrations such as credit cards, loans, and local on/off ramps.

The funding round was announced on January 3, coinciding with the 16th anniversary of Bitcoin’s Genesis Block mining. The Bitcoin-focused app also supports the Liquid Network developed by Blockstream and provides native support for Tether’s stablecoin through integration.

JAN3 CEO Samson Mow stated, “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.”