Fundraising Fox

Jadu AR

Los Angeles, US · Founded 2019 · Delaware corporation · 15 known investors

Jadu is building a consumer platform for spatial imagery — a new medium of volumetric captures that carry sound and can be explored in three dimensions rather than viewed as flat photos or videos. It provides AR creation tools so users can make and share spatial images, positioning itself as an alternative to infinite-scroll social feeds.

Also known as 1RIC · Jadu · Jadu AR, Inc. · JADU®

Founders & leadership

Jadu AR was founded in 2019 by ASAD MALIK and Asad J. Malik.

AM
ASAD MALIKCo-founder
AJAsad J. Malik
Asad J. MalikinFounder

Investors · 15

Also in the syndicate · 5

Keith GrossmanNick AdlerProgression FundSound VenturesThe VR Fund

Reported raises · per SEC filings

Form D private placements

$32.4M disclosed across 4 of 5 rounds · 2020–2022

$26.4MraisedMay 2022 · 10 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • ASAD MALIKExecutive Officer, Director
  • JAKE SALLYExecutive Officer
Offering amount
$36M
Amount sold
$26.4M
Minimum investment
$30K
First sale
May 2022
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$4.8MraisedDec 2021 · 4 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • ASAD MALIKExecutive Officer, Director
  • JAKE SALLYExecutive Officer
Offering amount
$7M
Amount sold
$4.8M
Minimum investment
$30K
First sale
Nov 2021
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$250KraisedJan 2021 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • ASAD MALIKExecutive Officer
Amount sold
$250K
Minimum investment
$250K
Placement agents
NA
First sale
Jan 2021
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$913.8KraisedJun 2020 · 3 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • ASAD MALIKExecutive Officer
Amount sold
$913.8K
Minimum investment
$250K
Placement agents
NA
First sale
May 2020
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Jadu AR, Inc. is a Los Angeles-based augmented reality product company. Its current public positioning, on its own website, is a consumer participation platform for "spatial imagery" — volumetric captures that contain sound and occupy space, which users can step into and explore rather than view as flat photos or videos. The site frames the product explicitly against infinite-scroll social feeds and algorithmic ranking, stating that creation tools are designed to make producing a spatial image as simple as taking a photo. Access is currently gated behind a waitlist [0].

The company evolved out of 1RIC, a studio; the 1RIC site was archived on 1 January 2021 and states the transition from 1RIC to JADU®, a product company, under the entity Jadu AR, Inc. [2]. The earlier Jadu mobile app let fans perform alongside volumetric holograms of musicians and performers: artists were recorded in a Los Angeles studio using a 106-camera volumetric capture rig performing roughly 15 seconds of lip sync or a dance sequence, and fans could place the hologram anywhere in their environment, appear in frame with it, and share the resulting video to TikTok or Instagram [2]. A later product, the JADU® app on iOS, is a multiplayer augmented-reality fighting game in which players build 3D fighters and battle within their physical surroundings; the developer subsequently added single-player campaign content and new fighters [3].

Jadu also pursued a Web3 direction, releasing NFT collections (Jetpacks and, in January 2022, Hoverboards) tied to an AR game world it called the Mirrorverse, in which NFT holders were intended to use their tokens to interact with the world [4].

Founding story

Grit Daily quotes founder and CEO Asad J. Malik saying the team had been "independently & diligently releasing boundary pushing AR for 6 years" as of the 2022 seed announcement, and that Web3 incentive systems supplied the missing piece for developing AR as a creative medium beyond social filters and enterprise use cases [4]. The company's press kit states it was founded on the conviction that the next era of visual culture will be volumetric and interactive [0].

Business model

Consumer-facing: mobile applications distributed free on the App Store with in-app purchases [3], alongside digital collectibles/NFTs sold to a community, which were designed to be usable inside the company's AR game world [4]. The company's privacy policy references Jadu Apps, its web domains, and functions for viewing and downloading 2D and 3D files and submitting grant proposals related to Jadu's Digital Collectibles [0].

Sources indicate in-app purchases within the free JADU® iOS app [3] and primary sales of NFT collections such as Hoverboards [4]. No further revenue detail is disclosed in the sources.

Traction

The JADU® iOS app holds a 4.8 rating from about 9,900 ratings on the US App Store [3]. The Hoverboards NFT collection was reported to have generated primary sales (the figure is printed in the source as "more than $4.4" without stated units) [4]. The press kit references media coverage attributed to TechCrunch and The Verge in 2024 and an a16z podcast in 2023, and 1RIC's archived site listed press mentions from Fast Company, The Guardian, The Verge, Vice and CNET [0][2].

Latest developments

The company's website presents a pre-launch spatial-imagery platform with a waitlist and a press kit last updated 2024; the posted privacy policy carries a stated last-updated date of 24 April 2026 [0]. The separate press subdomain (press.jadu.ar) displays a locked-account message from its hosting provider due to failed payments [1].

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Positioned as an early consumer AR creation platform; the company's press kit claims it has shipped one of the first consumer-facing AR creation platforms and built a community of early spatial creators [0]. An investor quoted in the seed announcement described the team as AR pioneers with a founding team spanning artists, AR practitioners, gaming experts and crypto-native staff [4].

The company differentiates on medium rather than feature set: imagery that carries sound and occupies space, and a product design that rejects infinite scroll, algorithmic feeds and optimisation for time-on-screen in favour of intentional interaction and creation [0]. Its earlier products differentiated through high-fidelity volumetric capture of real performers and first-of-its-kind multiplayer AR fighting gameplay [2][3].

Technology

Volumetric capture and augmented reality. Jadu recorded artist performances in a Los Angeles studio using a rig of 106 cameras to capture the performance from every angle, producing 3D holograms that could be placed in a user's environment via a mobile app [2]. The JADU® iOS app delivers real-time AR multiplayer gameplay with 3D avatar items, haptics and environment-aware placement; the developer notes the game is online-only and that performance may be limited on older devices, and reviewers report characters clipping into walls in small rooms [3]. Current messaging describes spatial images that embed sound and can be viewed from around, behind and through [0].

Go-to-market

Direct-to-consumer distribution through the Apple App Store [3], community building around NFT collections and a Discord community [3][4], collaborations with high-profile creators and celebrities on collectible designs (Lewis Hamilton, GRIMES, Snoop Dogg, Mimi Onuoha, Trippy) [4], and virality via user-generated videos shared to TikTok and Instagram [2]. The current site uses a waitlist for early access [0].

Consumers and fans: young, tech-savvy audiences who follow musicians and influencers [2]; mobile AR gamers [3]; and, in the current positioning, people who want to create and share spatial images rather than passively consume feeds [0]. Artists, musicians and influencers were an earlier counterpart audience for hologram capture and promotion [2].

Geography

Los Angeles, California, where the volumetric capture studio was located [2]; the iOS app is listed in the US App Store in English [3].

History

The business began as 1RIC, a studio, and transitioned into JADU®, a product company operating as Jadu AR, Inc.; the 1RIC website was archived on 1 January 2021 [2]. Early work centred on volumetric hologram capture of artists and a fan-facing AR app distributed on the App Store [2]. In January 2022 the company released an NFT Hoverboards collection following an earlier Jetpacks collection, and announced a $7 million seed round to build a world-scale AR metaverse called the Mirrorverse [4]. It subsequently shipped the JADU® AR fighting game on iOS, iterating with single-player campaigns and additional fighters through 2023-2024 [3]. Its current website presents a spatial-imagery platform with a waitlist [0].

Risks & controversies

App Store reviews from 2024 report crashes, unfinished features, characters clipping through walls in smaller rooms, and a perception that multiplayer opponents are largely bots; the developer acknowledged releasing features early to determine direction [3]. The press subdomain is inaccessible because of a payment-related account lock [1]. The company's earlier strategy was tied to NFTs and a metaverse game world [4], while its current site describes a different, pre-launch spatial-imagery product [0]. Note also a name twin: Jadu Holdings Limited (jadu.net), a Leicester, UK digital experience platform vendor acquired by Netcall plc in December 2025, is an unrelated company [5][6][7].

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
IOS app sizeJan 2025387.3 MB
IOS App Store ratingJan 20254.8 stars (out of 5)
IOS App Store ratings countJan 20259,900 ratings
Volumetric capture cameras used in studio rigJan 2021106 cameras

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 5

launches, deals, and filings
Dec 2023
Single-player campaign added to JADU® app

In a November 2023 developer response on the App Store, Jadu said single-player campaigns would launch the following month and new fighters with unique move sets in early 2024.

source ↗

Jan 2022
Jadu raises $7M seed round led by General Catalyst

Jadu, an AR startup based in Los Angeles, raised $7 million in seed funding to develop its world-scale AR metaverse, the Mirrorverse. The round was led by General Catalyst with participation from Metapurse, LionTree, Coinbase Ventures, The VR Fund, PKO Investments and Progression Fund, plus angels including Guy Oseary, Ashton Kutcher's Sound Ventures, TIME President Keith Grossman and Nick Adler.

$7M source ↗

Jan 2022
Planned NFT interoperability collaboration with The Sandbox

Grit Daily reported that Jadu's NFTs would be collaborating with The Sandbox later in the year to demonstrate interoperability.

source ↗

Jan 2022
NFT Hoverboards collection launched

Jadu launched its NFT Hoverboards collection, designed in collaboration with Lewis Hamilton, GRIMES, Snoop Dogg, Mimi Onuoha and NFT curator Trippy. The article states the collection made more than $4.4 in primary sales (figure as printed in the source, units not stated).

source ↗

Jan 2021
Transition from 1RIC studio to JADU product company

The 1RIC website was archived on 1 January 2021, noting the transition from 1RIC, a studio, to JADU®, a product company, under the entity Jadu AR, Inc.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
Jadu ARDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Jadu AR do?
Los Angeles AR company building a consumer platform for volumetric "spatial imagery" that carries sound and can be explored in 3D.
Who founded Jadu AR?
Jadu AR was founded by ASAD MALIK, Asad J. Malik in 2019.
Who are Jadu AR's investors?
Jadu AR's investors include Bain Capital Crypto, Coinbase Ventures, Crit Ventures, LG Technology Ventures, Position Ventures, Gaingels, General Catalyst, LionTree and 2 more.
How much funding has Jadu AR raised?
Jadu AR has disclosed $32.4M raised across 4 of its 5 known rounds.
Where is Jadu AR headquartered?
Jadu AR is headquartered in Los Angeles, US.