Delphi Labs raises $18 million to launch Web3 accelerator

Web3 Accelerator from Delphi Labs

Delphi Labs, the incubation arm of crypto asset (virtual currency) research firm Delphi Digital, announced today that it has raised approximately 1.8 billion yen ($13.5 million). At the same time, a new accelerator “Delphi Labs Accelerator” was established.

This is the first time Delphi Labs has received outside investment. The funding round was led by P2P, creators of liquid staking provider Lido, with participation from prominent investment firm Jump Crypto.

The funds raised will be used to operate the Delphi Labs Accelerator. The accelerator aims to accelerate the growth of the team working on launching the Web3 project and to successfully raise its first round of funding.

Each accelerator period will focus on a specific Web3 ecosystem, with the first program, currently recruiting, focusing on the “Cosmos (ATOM) ecosystem”. Delphi Labs plans to scale the accelerator to 10 teams per year.

connection:Token bridge “Wormhole”, compatible with the Cosmos ecosystem

What is Delphi Labs?

Delphi Labs has six years of experience in the cryptocurrency space, consulting, investing in, and helping build multi-billion dollar protocols in all areas. The company’s head, José Maria Macedo, said that through the accelerator, “we want to pass on the lessons learned for building the next generation of critical protocols.”

They’re both true builders who’ve made major contributions to some of the most important projects in the space (@Lido Finance , @wormholecrypto , @PythNetwork , @jump_firedancer , @Neutron_org )

Couldn’t be more excited to work with them to help our incubation projects succeed!

— José Maria Macedo (@ZeMariaMacedo) April 4, 2023

P2P and Jump Crypto, which participated in the Delphi Labs investment round, will also cooperate with the accelerator. P2P founder Konstantin Lomashuk said:

To participate in the Delphi Labs Accelerator, you must either apply directly or participate in the upcoming hackathon in April.

Each team participating in the accelerator will receive $200,000 in funding and receive practical advice on product development, legal and go-to-market strategies from engineers, economists, designers, lawyers and entrepreneurs over a period of four to six months. . You will also have the opportunity to pitch to Delphi’s investor network at the end of the program.

connection:An autonomous decentralized fund specializing in NFTs, cryptocurrency research company Delphi Digital launches on-chain