Cointelegraph Accelerator to hold the next Investor Demo Day on Nov. 30 in collaboration with Cipholio, Bitmart, Leadblock Partners and MetaEra.
The Web3 ecosystem might have weathered a dry year during 2023 in terms of venture capital (VC) funding, but it surely had its highlights with many bountiful investments across a wide range of niches.
The most recent data indicates that Web3 startups have raised around $6 billion so far in 2023 — a sharp decline from over $25 billion in funding the ecosystem enjoyed in 2022. While the impact of the “crypto winter” was felt over the last few quarters, 2023 brought some of the most successful funding rounds in the Web3 space.
The Web3 industry started the year with a bang, witnessing a flurry of significant funding rounds. Blockstream, a digital asset company, set the tone with a mammoth $125 million round, followed by Chain Reaction, a blockchain chip startup, which secured $70 million. LayerZero, a cross-chain messaging protocol, added to the excitement with a hefty $120 million deal, while game publisher Mythical Games closed its Series C1 round, adding $37 million to its pocket.
2023 is also the launch year of Cointelegraph’s Accelerator program, a Web3-focused accelerator that aims to help promising Web3 projects. As a startup booster that leverages Cointelegraph’s capabilities as a media and strategic partner, the program supports Web3 startups with a wide range of content, branding, marketing, education, networking and investor relations solutions.
Web3 investors assemble
Scheduled for November 30, the next Investor Demo Day aims to introduce next-gen promising Web3 projects to investors. The online event is organized by Cointelegraph Accelerator, Cipholio Ventures and LeadBlock Partners. The attendees will be able to discover the hidden gems of Web3 from different fields, including infrastructure, blockchain and digital assets.
Cipholio, the venture arm of the global crypto exchange BitMart, is a research-driven investment firm specializing in cryptocurrencies, tokens, and blockchain projects. LeadBlock Partners is a European venture capital fund focusing on corporate and institutional blockchain adoption. MetaEra, a Hong Kong-based Web3 aggregator, also joins the event as a collaborator.
During the Investor Demo Day, up-and-coming Web3 projects will get a chance to present their ideas and products to a diverse range of investors from around the world. The previous events saw over 150 attendees on average, and with the market moving toward a positive sentiment, the upcoming demo day is bound to showcase various Web3 projects, curated by Cointelegraph Accelerator and its partners.
As the expectation for a bull season gets higher, it’s only a matter of time before the next big wave of capital flows into the Web3 ecosystem. The Investor Demo Day showcases a curated selection of promising projects from partners’ portfolios.
Investors who want to get front-row access to the projects that have the potential to bring the next wave of users to Web3 can apply from the event page.
Leave feedback about this