Celo Camp, the 8-week virtual blockchain accelerator program created and run by Upright in collaboration with the Celo Foundation, has announced the launch of Batch 5 and invited founders and creators passionate about inclusive finance and mobile-first technology to apply by before March 22, 2022.
The program will run from April 25-June 17, 2022 with up to $150K up for grabs.
In a statement, the organizers said that since the start of Celo Camp in 2020, its alumni have gone on to raise over $41M in funding for their projects from Polychain, Davoa Capital, Electric Capital, Coinbase Ventures, Mercy Corps, Allegory, Flori, and other noteworthy investors. In addition, alumni projects have processed transactions on Celo totaling over $865M.
Some of the notable projects include Paysail, from Celo Camp Batch 2 (CCB2), and Umoja (CCB3). Paysail leverages the utility of stablecoins to enable instant, global B2B invoicing and payments, and recently attracted $4M in seed funding. Umoja, designed to accelerate economic equity across the Global South, recently raised $1.5M in pre-seed funding and partnered with Coinbase and Hope for Haiti to provide cash-based assistance to 300 Haitian families experiencing economic and social hardship.
Celo Camp Details
The Celo Camp acceleration and mentorship program guides decentralized technology startups in building sustainable and scalable businesses on the Celo blockchain.
Accelerator Benefits and Perks:
- Prizes: Awarded from a pool of up to $150K cUSD per batch.
- Funding: A fast-track to grants and high exposure to investment opportunities.
- Perks and Support: Access to products and services from partners, including AWS, Twilio, SendGrid, Hubspot, Hacken, Immunefi, Figment, Tatum, and more!
- Mentorship: One-on-one guidance and advice from industry experts at leading organizations, such as a16z, NFX, Electric Capital, Galaxy Digital, and others
- Workshops: The 8-week program designed to build and grow projects includes workshops from industry experts, mentors, investors, and partners; mingling events; pitch events; and mindfulness sessions.
- Networking: Connect with like-minded creators and entrepreneurs in the Celo community.
- Technological Support and Integration: Participants enjoy one-on-one meetings with Celo engineers.
- Virtual: Join the program from anywhere in the world.
- Impact: Be a part of creating positive change and contributing to Celo’s mission of creating conditions for prosperity for all.
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