Beacon Unveils Its Fourth Cohort, Showcasing Nubit, Stakestone, Lorenzo, and More Participants

Web3 accelerator program Beacon Beacon has announced its fourth and largest-ever cohort, selecting 17 innovative startups for this three-month program, which marks a significant growth compared to earlier cohorts. Beacon, known for funding projects from the nascent pre-seed phase to Series A, continues to expand its reach.

“We’re absolutely delighted to introduce our most extensive and varied cohort to date,” expressed Sandeep Nailwal, Co-Founder of Polygon and Beacon, in an official statement. “The quality of the companies joining us in this latest program is nothing short of remarkable, and we’re eagerly anticipating how their creativity and determination, supported by our mentorship and resources, will influence the future of Web3 and beyond,” he noted.

This new cohort features some of the most notable companies in Beacon’s journey, including several Series A firms backed by renowned venture capital entities such as Pantera, Founders Fund, Framework, and Andreessen Horowitz (a16z). The cohort encompasses a diverse range of segments within Web3, including decentralized finance (DeFi), tech infrastructure, and artificial intelligence.

The participants in Beacon's Cohort S24 consist of Aligned Layer, Avantis, Compute Labs, Crynux, eoracle, EXO, EZKL, Lorenzo , Nodekit, Nubit , Othentic, PADO, Pallet, Pin AI, Stakestone , TAC, and Warlock.

“Given the remarkable talent and innovative ideas emerging from this new group, we are confident they will not only meet but possibly exceed the achievements of their predecessors,” Sandeep Nailwal mentioned in his statement.

What Is Beacon?

This program serves as an early-stage accelerator for Web3, aimed at nurturing budding startups. Founded by Sandeep Nailwal, who is also a co-founder of Polygon and Symbolic Capital, the initiative provides funding, mentorship, and necessary resources to startups addressing real-world challenges. The program is held twice yearly, with each cycle lasting twelve weeks.

This announcement comes on the heels of the successful graduation of Beacon's S23 cohort, which included 10 companies, several of which have progressed significantly post-selection. Among the notable alumni from S23 is a scalable data availability layer 0G and the oracle protocol ORA, both of which have reached unicorn status since graduating.