The A-Labs team with Executive Director Lance Pormarejo (4th from left)
Filipino startup accelerator Archipelago Labs (A-Labs) has launched a US$10 million Web3 fund.
Archipelago Labs is backed by reputable partners from the Philippine Digital Asset Exchange (PDAX), Oak Drive Ventures, and Magellan Digital Investment Group (MDIG).
Archipelago Labs helps the startup ecosystem at the grassroots level through investments and advisory services. It also looks to hold programmes such as hackathons and incubators for specific verticals and startup stages.
It boasts a strong network of mentors, experts, and capital partners who will support the startups in growing their ventures.
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Founded in 2022, A-Labs is led by founders with crypto and business backgrounds and focuses on sectors like the intersection of Web2 and Web3, consumer applications, infrastructure, tools, decentralised finance, and the metaverse.
Next year, A-Labs will run the first cohort for its Archipelago Labs Accelerator Block, an eight-week, cohort-based accelerator programme.
“We believe that the building blocks of Web3 are found in the Philippines. The country has much to offer in the Web3 space. With that, we invite proponents of the space to get in touch with us as we build a better future through Web3,” said Lance Pormarejo, A-Labs’s Executive Director.
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