€13 million for Web3 crypto startups
Delphi Labs, the incubation arm of the crypto company Delphi Digital, has unveiled a startups accelerator focused on the Web3 market which will invest €200,000 in each startup selected.
Delphi Labs, which was founded by Portuguese entrepreneur José Maria Macedo, has raised €12.3 million (US$13.5 million) and was presented on April 13 in Lisbon.
Each of the startups will receive, in addition the investment, consultancy services from a “top team composed of engineers, designers, economists, lawyers and entrepreneurs specialised in the crypto area” who will help them on a six-month programme.
“Delphi has an exceptional team with a vast experience and deep knowledge in all aspects of managing a Web3 project. Its know-how ranges from the legal structure for this area to the design and development, as well as the capacity to establish decentralised protocols and benefits for this type of projects”, says Konstantin Lomashuk, founder of P2P Validator, which led the investment round which also involved Jump Trading.
“Delphi Labs vision is to be the place where the most brilliant minds can develop the most impactful projects in the crypto area”, states Delphi Labs, arguing that the “launch of the accelerator is vital to help the next generation to create and develop projects and protocols in this area.