Coin98 announced $125K early-stage investment program for Web3 startups

Coin98 has just announced the Kompass Accelerator startup accelerator program, supporting Web3 entrepreneurs. Kompass is a startup accelerator program that helps drive innovation in early-stage Web3 businesses focused on Vietnam and Asia.

The program will provide strategic advisors, quality relationships, and early-stage capital to facilitate growth and create a clear difference from the early days for startups in the Web3 space.

Specifically, Kompass will not limit the selection period, continuously receiving and reviewing applications to meet the rapid innovation in the field. The program is adjusted to suit the specific goals and needs of each founding team.

Coin98 (rebranding their financing business to Ninety Eight) reviews applications on an ongoing basis to cater to the fast-paced nature of innovation in this sector. The program is customized to align with the specific goals and needs of each founding team.

Ninety Eight offer $125K in early-stage investment with no valuation cap and an MFN clause, paired with a 5% advisory fee.

Any web3 startups can apply from this google form.

Previously, at the end of 2023, Ninety Eight announced an ecosystem development fund worth 25 million USD, supporting developers in the field of Web3. With a focus on Asia, this ecosystem development fund aims to promote the growth of many Web3 startups in the region.