$25.7M+ raised for The Blox portfolio startups cumulated year over year

Despite the current economic context and market conditions, The Blox's alumni have been weathering the storm.
Date
July 8, 2023
Category
The Blox
Reading Time
3 Min

Less than 2 years, 20+ startups accelerated

Amidst the dizzying pace of the tech world, The Blox, our startup accelerator, continues to break new ground in Web3 innovation. In just the past year, The Blox has witnessed a ton of accomplishments, a testament to its commitment to nurturing the next wave of innovative tech startups.

Our portfolio startups, an assembly of bright minds and bold ideas, have collectively raised a staggering $25.7M+ on pre-seed and seed terms. This financial windfall is more than just a figure – it's a vote of confidence in the potential of these daring enterprises, poised to reshape the landscape of Web3.

1,500 applications reviewed every year

The Blox's community of founders continues to expand, with 46 founders from 22 Web3 startups now donning its ranks. From a pool of 1,500+ applications received every year, The Blox meticulously selects the most promising, maintaining a competitive acceptance rate of just 2%. This rigour ensures that only the most ambitious and visionary projects are accelerated, maintaining a steady influx of 1.8 projects per month. And with plans to increase this figure in 2023, The Blox's growth trajectory is on an exciting upward curve.

The Blox is backed by a robust network of 100+ subject-matter experts and Key Opinion Leaders (KOLs) who guide our founders, fostering an ecosystem of knowledge-sharing and mentorship. Further bolstering our offerings is a great network of 2,500+ business angels and VCs, opening doors to invaluable investment opportunities.

At the core of The Blox's operation is a focus on four verticals: Fintech, AI, Web3, Metaverse, and Infrastructure. By zeroing in on these key areas, The Blox ensures its resources and expertise are leveraged to maximize impact and drive the next wave of technological transformation.

The Blox stands as a beacon of opportunity for ambitious tech founders looking to pioneer a venture.

So if you're ready to take that leap, give us a nudge – The Blox is ready to fuel your journey.

You can track our metrics here.

Author

Stakk Ventures

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