Andreessen Horowitz’s (a16z) Crypto Startup Accelerator (CSX) has officially announced its Fall 2024 cohort, featuring 21 promising startups. The accelerator, hosted in New York, will provide each selected company with a minimum investment of $500,000, as detailed in a company blog post.
The program, which kicked off this week, offers participants invaluable resources, including insights from leading crypto founders and guidance from a16z’s experienced investment teams. In addition to financial backing, startups will benefit from networking opportunities within the broader a16z ecosystem, according to Jason Rosenthal, head of a16z CSX.
“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,” Rosenthal said. He highlighted that the cohort includes startups from 11 different countries, emphasizing the global reach of this year’s program.
The Fall 2024 cohort features a diverse array of companies, including Anera Labs, Blocksense, Banyan, Cork Protocol, Future Primitive, MeshMap, and zkSpin. These startups are innovating across multiple layers of the crypto stack, with focuses ranging from AI and DeFi to infrastructure and consumer applications like photo sharing and mapping, Rosenthal shared on X.
Next a16z Crypto Accelerator Set for San Francisco in 2025
This marks the second CSX cohort of 2024, following the successful Spring 2024 program in London. Rosenthal also announced that the next CSX cohort will be held in San Francisco in Spring 2025, with applications opening in early January. Like its predecessors, the program will provide a minimum of $500,000 to each accepted startup.
In addition to the CSX accelerator, a16z has added nine new crypto startups to its portfolio in the past year. These companies join a roster that already includes high-profile names like crypto exchange Coinbase and NFT marketplace OpenSea.
One of the participating startups, Cork Protocol, also issued a statement announcing its involvement in the eight-week accelerator. The DeFi platform aims to use its time in the program to accelerate its go-to-market strategy. Cork Protocol also launched a testnet trading competition and shared its goal of expanding on-chain credit solutions by helping market participants price and hedge risk more effectively.
