Beacon, the web3 startup accelerator launched by Polygon co-founder Sandeep Nailwal, has expanded with ten new startups in its third cohort.

The demo day for the graduating startups took place today, with founders presenting their pitches to investors, Beacon said. The startup accelerator runs two sessions each year, and this is its third batch since starting in January 2023.

"This marks the one-year anniversary of Beacon," Nailwal told The Block. "We've accelerated 33 startups, grown our investor network to over 500, and our companies have raised more than $150 million collectively."

Beacon is part of Nailwal's crypto venture firm Symbolic Capital and supports early-stage startups through mentorship and financing. Mentors include SoftBank director Neil Cunha-Gomes, Coinbase vice …