A16z Crypto Onboards 21 Startups to its Crypto Accelerator Fall 2024 Cohort

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Sujha Sundararajan

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Sujha Sundararajan

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September 10, 2024 01:53 EDT

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Andreessen Horowitz (a16z) Crypto Startup Accelerator (CSX) has revealed Fall 2024 cohort in New York with 21 startups. a16z CSX invests a minimum of $500,000 in each company that’s accepted, a company blog post read.

Commencing this week, the accelerator will involve “firsthand lessons from top crypto founders,” guidance and support from a16z investing teams. The startups would build connections with each other and the broader a16z network, Jason Rosenthal, head of a16z CSX, noted.

“I’m excited to announce the 21 startups we’ve selected to join our Crypto Startup Accelerator (CSX) Fall 2024 cohort, which starts this week.”

“The CSX Fall 2024 companies are coming to NYC from 11 different countries,” Rosenthal added. The Fall 2024 cohort comprise of startups including Anera Labs, Blocksense, Banyan, Cork Protocol, Future Primitive, MeshMap, zkSpin and more.

“They’re building on every level of the crypto stack, including AI, DeFi, infrastructure, and consumer applications such as photo sharing and mapping,” Rosenthal wrote on X.

A16z Next CSX to Be Held in San Francisco in 2025

Further, Rosenthal said, this marks the second CSX cohort this year, after completing the Spring 2024 program in London. “June. A16z will host the next CSX in San Francisco in Spring 2025, he noted. Furthermore, the applications for the next cohort will begin in early January. A16z CSX will invest a minimum of $500,000 in each accepted company.

In the past year, outside the CSX program, a16z has added nine new crypto startups to a stable that already includes the likes of crypto exchange Coinbase and NFT marketplace OpenSea.

In a separate statement, DeFi platform Cork Protocol announced its participation in the 8-week CSX program. It said that the participation aims to speed up its early-stage go-to-market strategy.

In addition to that, Cork Protocol made investor announcement and testnet trading competition.

“Cork aims to expand and accelerate onchain credit through helping market participants price and hedge risk,” it wrote on X.