Techstars London has launched its newest cohort, the first Web3-focused accelerator programme in the UK.
The accelerator is in collaboration with Polygon Labs and comprises 12 startups leveraging Web3 technologies such as blockchain, crypto and NFTs.
It includes businesses from multiple industries – from fashion to FinTech, and insurance to healthcare.
‘Techstars London powered by Polygon’ will combine the leadership and expertise of Polygon Labs, a growth and development team supporting Polygon blockchain protocols, with Techstars’ ability to connect founders to experienced mentors and facilitate access to the right sources of capital.
The cohort will be guided by an experienced team including Techstars’ MD and VC, Saalim Chowdhury. He said: “London has a golden opportunity to become a global hub for Web3. It’s not just a product, it’s a revolutionary shift in how we use the internet, which is why we’re excited to work, in collaboration with Polygon Labs, with the innovative pioneers that are behind the businesses of the future.
“The talented group spans a range of sectors and gives way to a diverse variety of use cases. We’re keen to show that more entrepreneurs can move into the space, regardless of industry.”
The cohort:
Asterizm – An enterprise-oriented blockchain interoperability layer that provides confidential data transfer through an encrypted channel
Aware – A business analytics engine that unlocks business potential in blockchain data by uncovering deep insights and predictions using free text
Buildoor Labs – A usability infrastructure to simplify UX, retain, engage and track users in Web3
CombatIQ – The world’s first Computer Vision powered analytics company dedicated to Combat Sports
Cryptive – An insurance provider, offering Captives-as-a-Service for Web3 businesses
Esca – A stable digital currency savings account for businesses in emerging markets
Esoteric – A business helping fashion enthusiasts create their most cutting edge outfits by providing a virtual wardrobe and styling tool
Liquify – An invoice marketplace that transforms invoices from SMEs in emerging markets into an investable asset class for financiers seeking reliable yield
Maka Health – A business providing personalised and preventative healthcare
Musiqmesh – A B2B SaaS product to help music creators create and monetise music using a simpler and more efficient music production supply chain workflow
Popp – A business helping e-commerce brands unlock the true value of their superfans.
RAML – A SaaS based business helping FinTechs accurately, efficiently and securely assess their money laundering risks, driving time and costs reduction ordinarily associated with risk assessments.
Techstars has already completed Web3 programmes in Seattle and Dublin, with another currently ongoing in Boston.