Startups

The selected teams will receive investment funding and mentorship. The 12-week virtual program includes support in English, Spanish, and Portuguese.

Outlier Ventures and Morgan Creek Digital have teamed up to launch their first accelerator program in Latin America. 

According to a July 18 announcement, the chosen teams will receive up to $200,000 in investment funding along with three months of mentorship from industry experts in exchange for 6% equity or future token supply.

Other perks include token engineering support, an optional $30,000 interest-free repayable loan to help with initial legal costs and access to a network of investors.

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This edition of Cointelegraph’s VC Roundup features Mira, Astria, Compute Labs, BOB, Dora and BITKRAFT Ventures.

Several measures of inflation, including the Consumer Price Index and Personal Consumption Expenditures Index, have moderated in recent months, boosting confidence that US cost pressures are moderating and slowly returning to the Federal Reserve's 2% target. 

However, macroeconomic conditions are barely affecting the investment strategies of venture firms in the Web3 space. “We believe that when you’re investing in early-stage companies with a long investment horizon, you can’t really let macro dictate your investment pace too much,” Carlos Pereira, partner at BITKRAFT Ventures, told Cointelegraph.

According to Pereira, current economic conditions have less of an impact on seed rounds. Rather, they’re more likely to influence Series A rounds. “In worse markets, it can be a better time to be a later-stage, Series A type investor as it gets “cheaper” to act on incremental validation points, vs. in hotter markets, those businesses may be seen as closer to launching a token, and in turn get more expensive,” he said.

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