News/PDAX-Backed Startup Accelerator A-Labs Launches US$10M Web3 Fund in Philippines

PDAX-Backed Startup Accelerator A-Labs Launches US$10M Web3 Fund in Philippines

Dec 05,2022,18:07

Filipino startup accelerator Archipelago Labs (A-Labs) has launched a US$10 million Web3 fund. It is reported that A-Labs is backed by reputable partners from the Philippine Digital Asset Exchange (PDAX), Oak Drive Ventures, and Magellan Digital Investment Group (MDIG).

A-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.

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