Delphi Digital’s Incubation Arm Has Completed a $13.5 Million Financing Round

Delphi Labs, the incubation arm of crypto research firm Delphi Digital, has raised $13.5 million in a funding round led by P2P, the creator of liquid staking provider Lido, with participation from investment firm Jump Crypto. The funds will be used to establish an accelerator that aims to foster the growth of teams launching Web3 projects. Delphi Labs plans to scale up to 10 teams per year, with each team receiving $200,000 in funding and participating in a four to six-month program focused on a particular Web3 ecosystem. The first cohort will concentrate on the Cosmos ecosystem, and applications are now open.