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Singapore Venture Capital Firm Foresight Ventures Launches Second Phase of Web3 Accelerator

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Foresight Ventures, a venture capital company based in Singapore, has opened up the application process for the second phase of its accelerator program.

This round focuses on Web3 projects in various emerging ecosystems, with an additional $10 million pledged towards the program, the company said in a recent announcement.

The first phase saw 30 companies selected and given investments ranging from $50,000 to $200,000 each. Moving forward, selected projects will receive a fixed investment of $200,000 to develop their products and scale operations.Foresight Ventures will also provide mentorship and guidance through up to three professionals assigned to each project and an organized Demo Day to showcase their progress and potential.

The $10 million pledge brings Foresight Ventures' total investment in the Web3 accelerator to $20 million, which is intended to support the growth and development of Web3 projects in areas such as ZK systems, AI, machine learning, liquid staking derivatives, Bitcoin, and NFTs.

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