Delphi Digital’s Incubation Department Completes $13.5 Million Financing for Web3 Project Accelerator

On April 4th, it was announced that Delphi Digital’s incubation department, Delphi Labs, has completed a $13.5 million financing, with P2P lead investment and participation from Jump Crypto and others. These funds will be used to establish an accelerator aimed at promoting the growth of the team dedicated to launching the Web3 project. This financing is Delphi’s first attempt to seek external investment. Each team in the accelerator will receive $200000 in funding. The main part of the plan will last for four to six months, and the project team will be introduced to Delphi’s potential investor network at the end of the plan.

Delphi Labs completed a $13.5 million financing and P2P led investment

Introduction

Recently, Delphi Digital’s incubation department, Delphi Labs, announced the completion of a $13.5 million financing for the establishment of an accelerator aimed at promoting the growth of the team dedicated to launching the Web3 project. This financing marks Delphi’s first attempt to seek external investment and is expected to significantly boost the project’s growth potential. In this article, we will delve into the details of the financing and the Web3 project accelerator.

What is Delphi Digital?

Delphi Digital is an independent financial research and consulting firm that specializes in digital assets such as Bitcoin and Ethereum. The company offers institutional-grade research and analysis to hedge funds, family offices, and other professional investors in the crypto space. Delphi Digital’s core focus is on helping investors navigate the rapidly evolving digital asset landscape.

Delphi Labs Completes $13.5 Million Financing

On April 4th, 2021, Delphi Labs announced the completion of a $13.5 million financing for the establishment of an accelerator aimed at promoting the growth of the team dedicated to launching the Web3 project. The financing was led by P2P investment with participation from Jump Crypto and others. This marks Delphi’s first foray into seeking external investment.

What is the Web3 Project Accelerator?

The Web3 project accelerator is an initiative by Delphi Labs aimed at identifying and supporting early-stage blockchain projects. The accelerator provides a wide range of support services, including mentorship, funding, networking opportunities, and access to Delphi’s investor network. The objective of the accelerator is to help promising blockchain projects grow and succeed in the rapidly evolving digital asset industry.

How Will the Funds be Used?

The $13.5 million financing will be used to establish the Web3 project accelerator and provide funding to each team in the accelerator. Each team will receive $200,000 in funding, and the main part of the plan will last for four to six months. At the end of the plan, the project team will be introduced to Delphi’s potential investor network.

Who is Participating in the Financing?

The financing was led by P2P investment with participation from Jump Crypto and others.

Conclusion

The completion of the $13.5 million financing marks a significant milestone for Delphi Labs and the Web3 project accelerator. The funding will provide early-stage blockchain projects with the resources and support they need to succeed in the rapidly evolving digital asset industry. Delphi’s investor network and expertise in the crypto space will be instrumental in helping these projects grow and succeed over the long term.

FAQs:

1) What is Delphi Digital?
Delphi Digital is an independent financial research and consulting firm that specializes in digital assets such as Bitcoin and Ethereum.
2) What is the Web3 project accelerator?
The Web3 project accelerator is an initiative by Delphi Labs aimed at identifying and supporting early-stage blockchain projects.
3) How much funding is each team in the accelerator receiving?
Each team in the accelerator will receive $200,000 in funding.