Beacon, the web3 startup accelerator founded by Polygon co-founder Sandeep Nailwal, has added ten new startups to its third cohort.
Beacon said a demo day for graduate startups took place today, with founders presenting their pitches to investors. The startup accelerator runs two batches each year, and this is its third since launching in January 2023.
Nailwal said: “This marks Beacon’s first anniversary. We have accelerated 33 startups, the investor network has grown to over 500, and our companies have collectively raised over $150 million in funding.”
Beacon is part of Nailwal’s crypto venture capital firm, Symbolic Capital, which supports early-stage startups through mentorship and financing. Mentors include SoftBank director Neil Cunha-Gomes, Coinbase vice president of business development Dan Kim, EigenLayer founder Sreeram Kannan and Pantera Capital managing partner Paul Veradittakit.
Cointelegraph