Web3Port
Description
Web3Port is a prominent Web3 accelerator based in New York, dedicated to fostering the growth of early-stage blockchain and decentralized projects. Established with a clear mission to guide startups from their foundational "zero to one" phase and beyond, Web3Port provides a comprehensive suite of services including strategic incubation, direct investment, and access to a robust ecosystem of resources. Their primary focus lies in identifying and nurturing innovative Web3 ventures that are poised to disrupt various sectors within the decentralized internet landscape.
Operating as an accelerator, Web3Port goes beyond mere capital injection, offering hands-on mentorship, technical support, and strategic guidance to its portfolio companies. The accelerator aims to equip founders with the necessary tools and connections to navigate the complex Web3 environment, focusing on areas such as product development, tokenomics, community building, and go-to-market strategies. This holistic approach is designed to accelerate the development cycle and enhance the long-term viability of the projects they support.
Web3Port demonstrated its commitment to the Web3 ecosystem by successfully raising a $2.5 million seed round in July 2022, attracting investment from notable venture capital firms like Spark Digital Capital, FBG Capital, and KuCoin Ventures. This capital underpins their ability to provide initial funding to promising startups. To date, Web3Port has actively invested in at least 15 projects, according to public data, showcasing a diverse portfolio that includes companies like Meta Merge, GoPlus, and ReadON. These investments reflect their broad interest across various Web3 verticals, from infrastructure to decentralized applications.
Through its structured incubation programs and strategic investments, Web3Port positions itself as a critical enabler for the next generation of Web3 innovators. By leveraging its network and expertise, the accelerator strives to bridge the gap between nascent ideas and market-ready solutions, contributing significantly to the adoption and evolution of decentralized technologies. Their vision extends to building a sustainable and interconnected Web3 ecosystem, empowering founders to realize their full potential and drive meaningful innovation.
Investor Profile
Web3Port has backed more than 25 startups, with 9 new investments in the last 12 months alone. The firm has led 1 rounds, about 4% of its total and boasts 0 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
- Majority of deals are located in Singapore, United States, Cayman Islands.
- Strong thematic focus on Blockchain, Cryptocurrency, Bitcoin.
- Typical check size: $100K – $500K.
Stage Focus
- Seed (72%)
- Series A (8%)
- Series Unknown (8%)
- Pre Seed (8%)
- Initial Coin Offering (4%)
Country Focus
- Singapore (32%)
- United States (12%)
- Cayman Islands (4%)
- Finland (4%)
- Vietnam (4%)
- Hong Kong (4%)
Industry Focus
- Blockchain
- Cryptocurrency
- Bitcoin
- Decentralized Finance (Defi)
- Fintech
- Information Technology
- Web3
- Artificial Intelligence (Ai)
- Network Security
- Consulting
Frequently Asked Questions
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