Delphi Labs is an incubation arm of crypto research firm Delphi Digital. Delphi labs aims to build with projects while incubating them and facilitating them with a hivemind of resources ranging from expertise to finance. The platform had earlier announced that it is no longer doing external consultation so as to concentrate its focus and resources on incubating projects. The platform is set to give rise to the next evolution of incubation by building with the highest quality teams and rolling out incubation protocols that will shape the future. The platform’s philosophy is to build with projects that have the most skin in the game. With its team of more than 20 experts drawn from several industries including economists, developers, legal experts, UX designers and more, the platform has vast experience that will guarantee projects success past the incubation stage. The platform offers research services, access to venture funding, development labs and media campaigns for the projects under its incubation.
To further develop its Web3 accelerator, Delphi Labs has raised $13.5 million in a fundraising round that was led by P2P Validator and garnering participation from Jump Crypto. The latter is latter is a prominent crypto investment firm while the former is the creator of liquid staking provider Lido. This event marks the first time Delphi Labs has raised funds from outside investors. With the funds secured, the platform aims to build an accelerator that fosters the growth of teams working to launch web3 projects. The firm has offered services in crypto for more than 6 years. During that period, Delphi Labs has consulted for, invested in and helped build several multi-billion dollar protocols across all of vertical crypto. Having built crypto startups, the firm is aware of the common challenges experienced in the daunting task of web3 development. This vast experience comes in handy when incubating projects.
Owing to the new funds, each team in the Delphi Labs accelerator will receive $200,000 in funding Majority of the program will take place in a period of 4-6 months after which the teams will be introduced to Delphi’s network of potential investors towards the end of the program. During the entire incubation process, participants will receive practical advice and skills from a core team of experts from various industries like economists, designers, lawyers, engineers and entrepreneurs. This multi-lateral approach is very efficient in imparting skills as subjects get to view their products from multiple angles including legal affairs, compliance to regulators, economic viability and market strategies among many others.
As the year progresses, Delphi Labs has revealed its plans to scale up to 10 teams per year with each cohort in the accelerator focusing on a particular web3 ecosystem to allow for a more targeted approach. The firm has opened applications to the public and the first cohort of entrepreneurs is set to focus on the Cosmos ecosystem. The founder of P2P Validator, Konstantin Lomashuk, has lauded Delphi Labs for its efforts while expressing that if he were to enter the field to launch a new venture, he would do so with Delphi Labs. The vast experience in all aspects of managing web3 projects make the Delphi Labs accelerator an innovative solution to revolutionize incubation in the future.
