Key Takeaways:
- Colosseum secured $60 million to support its Solana ecosystem accelerator program, providing $250,000 in pre-seed investments per project.
- Since January 2024, Colosseum’s hackathons have engaged 60,000 participants and led to the launch of 4,000 products, raising over $600 million in venture funding.
- The recent hackathon attracted 8,000 builders from 95 countries, underlining Colosseum’s global reach and dedication to innovation.
Colosseum, an independent organization dedicated to expanding the Solana ecosystem, has secured $60 million in funding to support its accelerator program for startups.
This capital will be used for pre-seed investments in teams accepted into the program, providing $250,000 per project along with access to Solana’s network of mentors and venture funds.
We are excited to announce that Colosseum has closed a $60 million fund to continue supporting founders building on @Solana at the earliest stages. pic.twitter.com/naHgwx9n5i
— Colosseum (@ColosseumOrg) June 25, 2024
Co-founder Clay Robbins highlighted the aim to enable founders to realize their product vision without geographic restrictions.
Since January 2024, Colosseum has been leading Solana’s hackathons, drawing over 60,000 participants and resulting in the launch of approximately 4,000 products.
These initiatives have collectively raised over $600 million in venture funding.
Solana accelerator Colosseum raises $60 million for its first fund https://t.co/XHkcKAAO3l
— The Block (@TheBlock__) June 25, 2024
Colosseum’s recent hackathon attracted 8,000 builders from 95 countries, showcasing the organization’s commitment to fostering innovation within the Solana ecosystem.
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