Launch of the fourth cohort including Beacon, Nubit, Stakestone, Lorenzo and other participants
Alyssa Davidson
Posted: September 12, 2024 at 1:00 PM Updated: September 12, 2024 at 11:36 AM
Editing and fact checking: September 12, 2024, 1:00 p.m.
Briefly
Beacon announced today that it is launching its fourth and largest cohort to date with 17 promising companies for this latest program.
Beacon, the Web3 accelerator program, has announced the launch of its fourth and largest cohort to date. Beacon, which funds projects from pre-seed to Series A stage, has selected 17 promising companies for this latest three-month program, a significant increase over previous cohorts.
“We are thrilled to welcome our largest and most diverse cohort to date,” said Sandeep Nailwal, co-founder of Polygon and Beacon, in a written statement. “The sheer volume of companies participating in our latest program is truly exceptional, and we look forward to seeing how they shape the future of Web3 and beyond with the help of our mentorship and resources,” he added.
The latest cohort includes some of the most notable companies in Beacon’s history, with multiple Series A companies backed by prominent venture capital firms such as Pantera, Founders Fund, Framework, and Andreessen Horowitz (a16z). The cohort represents a diverse range of Web3 sectors, including decentralized finance (DeFi), infrastructure, and AI.
Participants in Beacon’s Cohort S24 include Aligned Layer, Avantis, Compute Labs, Crynux, eoracle, EXO, EZKL, Lorenzo, Nodekit, Nubit, Othentic, PADO, Pallet, Pin AI, Stakestone, TAC, and Warlock.
“Given the level of talent and innovation we are witnessing in this new group, we are fully confident that they can match, if not surpass, their predecessors,” Sandeep Nailwal said in a written statement.
What is a beacon?
An early-stage Web3 accelerator program designed to support promising startups. Founded by Sandeep Nailwal, co-founder of Polygon and Symbolic Capital, the program provides funding, mentorship, and resources to ventures that solve real-world needs. The program runs twice a year, with each session lasting 12 weeks.
This announcement comes as Beacon’s S23 cohort successfully graduated, which included 10 companies, several of which have since been selected. Notable S23 alumni include 0G, a scalable data availability layer, and ORA, a verifiable oracle protocol, both of which have achieved unicorn status since graduation.
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About the Author
A dedicated journalist for MPost, Alyssa specializes in the vast areas of cryptocurrencies, zero-knowledge proofs, investments and Web3. She has a keen eye for emerging trends and technologies, and provides comprehensive coverage to inform and engage readers in the ever-evolving digital finance landscape.
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Alyssa Davidson
A dedicated journalist for MPost, Alyssa specializes in the vast areas of cryptocurrencies, zero-knowledge proofs, investments and Web3. She has a keen eye for emerging trends and technologies, and provides comprehensive coverage to inform and engage readers in the ever-evolving digital finance landscape.
More Articles