Blockchain Accelerator of Æ Ventures Crosses $1.6mln in Investments

Æ Ventures, which offers seed funding, advisory and acceleration support to blockchain ventures, revealed that its Starfleet Accelerator program exceeded $1.6 million in investments and started receiving applications for the next (third) round.

The third phase of Starfleet Accelerator program has started in Malta and offers guidance to members, in addition to $100,000 in investment opportunities.

The program is planned to be unveiled in early November and the last day for blockchain startups to apply for the program is October 20.

The program will begin with what Starfleet Accelerator refers to as “Genesis Week.” During that time, “participating startups receive access to mentorship and support in areas such as business models, token economics, blockchain infrastructure, and æternity apps architecture, from the best experts in the industry.”

Æ Ventures also stated that its initial 2020 program will happen in India. The company’s CEO Nikola Stojanow elaborated on the response to the program:

“We are amazed at the growth of the Starfleet accelerator program from its start to now and we can’t wait to launch the third edition with new companies breaking blockchain barriers. […] Hosting the program in Malta and India presents new opportunities to engage the burgeoning blockchain culture in these regions and we’re proud to continue to foster global blockchain growth through these communities.”

Elementus, a blockchain analytics company, amassed $3.50 million from investors, which include a sister firm of Fidelity Investments, which is a crypto friendly asset management company.