MoonPay has recently made a significant announcement regarding the launch of MoonPay Labs, an accelerator program aimed at supporting pre-seed and seed-stage Web3 technical teams. This initiative is designed to provide these startups with capital, product support, and long-term growth strategies to help them succeed in the ever-evolving crypto landscape.
Operating under an evergreen model, MoonPay Labs will select up to five promising startups each year to receive personalized and ongoing support. The program is specifically targeting technical teams working in high-growth Web3 sectors such as stablecoin infrastructure, decentralized finance, SocialFi, and Web3 commerce.
Abhay M, the VP of Corporate Development and Investments at MoonPay, expressed the company’s commitment to identifying and accelerating high-value projects across emerging use cases. He emphasized the importance of providing founder-centric support to give these innovative builders a competitive edge in their journey of company building.
One of the first participants selected for MoonPay Labs is MoonGate, a Solana-based wallet-as-a-service platform focused on streamlining DeFi experiences and enhancing trading efficiency. Startups in the accelerator will benefit from a structured go-to-market framework that includes UX optimization workshops, token launch and listing advisory, access to MoonPay’s developer tools, and direct feedback from the company’s developer network.
In addition to early-stage capital, MoonPay Labs may also offer follow-up funding to selected teams as they scale, allowing founders to minimize dilution before a priced Series A round. The accelerator is housed within MoonPay’s Corporate Development group, which also manages MoonPay Ventures—a venture arm that has invested in over 30 Web3 companies since its inception in 2023.
Overall, MoonPay Labs is poised to make a significant impact on the Web3 ecosystem by providing valuable resources and support to early-stage startups, ultimately contributing to the growth and innovation of the crypto industry.