Jungle arrives in Brazil after an investment of US$ 6 million
Jungle, a company focused on the universe of games and web3, announces its arrival in Brazil. Founders João Beraldo, Guilio Ferraro and Lucas Kertzman are directing the company's focus on the blockchain gaming revolution.
Recently, the startup received an international contribution in the amount of US$ 6 million led by the companies Bitkraft and Framework Ventures, funds from Delphi Digital, Karatage, Fourth Revolution Capital, Monoceros, 32bit Ventures and the Brazilian Norte Ventures also participated in the round.
According to one of the founders, João Beraldo, “we intend to use our investment to create a community around games betting on emerging countries and emerging technologies. On the business front, we will use our capital for promising intellectual property acquisitions, talent hiring and marketing.”
Jungle, a company focused on the universe of games and web3, announces its arrival in Brazil. Founders João Beraldo, Guilio Ferraro and Lucas Kertzman are directing the company's focus on the blockchain gaming revolution.
Recently, the startup received an international contribution in the amount of US$ 6 million led by the companies Bitkraft and Framework Ventures, funds from Delphi Digital, Karatage, Fourth Revolution Capital, Monoceros, 32bit Ventures and the Brazilian Norte Ventures also participated in the round.
According to one of the founders, João Beraldo, “we intend to use our investment to create a community around games betting on emerging countries and emerging technologies. On the business front, we will use our capital for promising intellectual property acquisitions, talent hiring and marketing.”
With the value of the contribution, Jungle intends to launch the first mobile game and expand its business and presence in other markets in Brazil, prioritizing acquisitions of intellectual property, hiring talent, marketing, in addition to creating strategies to provide value to players and attract new audiences to the company's games.
“Brazil has a large population connected and particularly engaged with digital products. Several adjacent markets, such as e-sports, show that the country is fertile ground for good games. With the rapid adoption of web3 in the country and the level of quality of mobile games today, there is no doubt that we have to invest in the domestic market. […] Although there are many promising Brazilian projects in the games sector, we have not identified any business model exactly similar to the one we are developing at Jungle. Ours is unprecedented. We strongly believe in Brazil's potential as a technology and gaming hub and are excited to be part of this rapidly growing community.”, concludes João Beraldo.
The company's strategy of acquiring games already developed allows them to leave with an advantage over the competition, which normally develops games from scratch. Jungle champions the idea that the combination of gaming and decentralized technologies can change the way people play and connect around the world and also aims to put the player first by designing gaming experiences that are engaging and rewarding. , and which have the ability to captivate and retain players for long periods of time.
