Tuesday, July 5, 2022
HomeInsightFunding Alert Lumos Labs raises $1.1 mn in Seed Funding

[Funding alert] Lumos Labs raises $1.1 mn in Seed Funding

[Funding alert] Lumos Labs raises $1.1 mn in Seed Funding
Lumos Labs

Lumos Labs launches a developer-focused Metaverse platform where developers can learn, earn and explore developer-focused opportunities and after has raising $1.1 million in seed funding round led by Global Web3 venture fund Delta Blockchain Fund.

The round also saw participation from Superblock, Next Web Capital, Arcanum Capital, AG Build, Paradigm Shift Capital and other angel investors from the Web3 ecosystem.

It has curated a strong community of 60K developers, and now aims to create a unified builder identity by integrating Web3.0 opportunities into the experiential format of a Metaverse platform, the company said in a Statement.

Its Metaverse addresses this relevant challenge for developers by bringing all the major players of the Web3 ecosystem under one umbrella in the Metaverse platform, allowing developers to explore the various opportunities from these chains and foundations and improve their Web3 skills. Effectively this makes it a win-win for both entities in the ecosystem by building a shared community of Web3 developers to help the chain and the foundation with their developer relationships. This metaverse creates a world where developers can interact, engage, build and work within a holistic system, the company‘s statement said.

Singapore-based Lumos Labs was founded in 2018 by kavvya Prasad, it is an innovation management firm that specialised in running tech-enabled open innovation programs.

“Lumos Labs was built with a vision of bringing blockchain technology to the forefront for developers and founders and over the years, we have run multiple programs with over 40 Web3 partners while building a strong community of developers to achieve that goal. With the transition to the Metaverse, we are now striving further to strengthen and enable Web3 developers as they access several global opportunities, incentives, and knowledge on a single dedicated platform,” said, Kaavya Prasad, Founder of Lumos Labs.

“The Web3 space is growing exponentially and the biggest bottleneck is the lack of qualified developers across various L1 and L2ecosystems. Delta blockchain fund is excited to join hands with Kaavya and the team as they take the leap to build a developer-focussed metaverse that aims to upskill and organise this fragmented market with an unmatchable experience for developers from learning, building communities and finding their purpose with a unique experience in Lumos’sMetaverse,” said, Kavita Gupta, Founder, Delta Blockchain Fund.

The company said the Metaverse will be an interactive platform for budding developers, entrepreneurs and Web3 firms that will facilitate certified developer profiles, Web3 learning and hiring opportunities and provide developers with constant incentives to upgrade their skills.

About Lumos Labs

Lumos Labs is a Singapore-based innovation management firm that specialises in running tech-based open innovation programs. Founded in 2018, they’re driven by the potential of emerging technologies, sustainable growth and the entrepreneurial spirit, to host several programs for technology firms, corporates, governments and investment firms through accelerators and open innovation programs.

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