Announcing Colosseum Fund I

Matty, Nate, and I started Colosseum to forge a clear pathway for anyone with an idea and an internet connection to launch products onchain. Today, we're excited to share that we've raised $60 million from an incredible group of investors to continue supporting founders building on Solana at the earliest stages.

While the entry point is simple (just a few clicks), the global competition in Colosseum hackathons results in a hardened, diverse, and meritocratic set of winners. These talented teams not only take the first step in developing a project they believe will have a significant impact, but are also willing to test their ideas against other elite builders from across the world. The drive and technical ability to will their ideas into existence are rare and valuable traits that we believe will define the next era of products generating enduring demand for block space.

We built Colosseum’s online platform and accelerator program to efficiently onramp developers into the crypto startup and venture ecosystems. This supporting infrastructure, along with a vast group of mentors and hackathon alumni, serves to streamline the initial stages of building a new network, market, application, or any other zero to one innovation.

The last 15 years of crypto has taught us that the best ideas often arise from the most uncommon corners of the internet. Colosseum’s mission is to ensure more of those ideas are brought into production and accelerate the growth of the onchain economy.