Open Web Collective
181 2nd St, San Francisco, California, 94105, United States
Overview
Open Web Collective (OWC) is an early-stage blockchain venture fund and seed accelerator. OWC aims to reimagine how the next generation of applications will be built using open technologies. OWC accelerator is a protocol-agnostic blockchain founder lab supporting entrepreneurs building the decentralized web. By bringing together the right resources, VCs, capital, and seasoned advisors, OWC helps founders de-risk, focus, accelerate, and advance web 3.0. Our founders are promising pre-seed and seed-stage startups from around the globe, who work with leading corporate partners and investors, such as IDEO, Deloitte, and World Economic Forum to validate/invalidate business ideas and decisions, build products, define and grow KPIs, develop product-market fit, and fundraise. Apply at https://bit.ly/3iliB9m
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 2
Sector focus
- Blockchain
- Cryptocurrency
- Financial Services
- FinTech
- Incubators
- Venture Capital
Investment portfolio
- Linera
Participated · Seed · Aug 2023
Linera is a San Francisco-based, low-latency blockchain that scales via microchains to bring web2-like scalability to web3 applications. Its architecture removes mempools and minimizes validator interactions to optimize performance and enable horizontal scalability for use cases with many parallel active users, such as retail payments, gaming micro-payments, messaging, proprietary trading, and bridges. The team, led by founder and CEO Mathieu Baudet and COO Bernadette Cay, has made an initial SDK available for Rust developers. Linera raised an additional $6M in Seed funding, bringing total seed proceeds to $12M. The company plans to use the funds to expand its team, launch a devnet and a testnet, foster a strategic presence in the APAC region, and continue growing its developer academy.