Utrust is gaining speed with the Alchemist Accelerator
Utrust has been selected to join the Alchemist Accelerator, the #1 B2B accelerator in the United States, and one of the first investments out of their Alchemist Europe fund. The Alchemist Accelerator is a magnificent opportunity for the company, and we are going to take advantage of it. This comes at the perfect moment, as we have a product on the market, merchants joining our platform, and our roadmap is focused on growth.
The Alchemist Accelerator is dedicated to enterprise startups
Not every company can apply for this exclusive program. It is venture-backed, and it focuses exclusively on founders whose revenue comes from selling to enterprises, as opposed to consumers. It is a six-month program with a small class-size of maximum 25 teams. It’s given us the opportunity to get access to education by first-rate mentors and elite networking opportunities. The program also provides access to marquee early customer adopters and fundraising.
Utrust is the only blockchain company to have been selected
The accelerator seeds around 75 startups a year, over 3 batches. Utrust was selected to be one of the first investments out of Alchemist Europe, which was recently announced. The Alchemist Accelerator has been working with tremendous success in Silicon Valley for over eight years now, and from its additional base in Munich it will seek to use its network to empower more founders to access more customers and more investors. With over 4,000 mentors and over 6,000 investors, the accelerator has a broad scope, investing in SaaS, Industry 4.0, Artificial Intelligence, Industrial IoT, AR/VR, Mobility and other deep technology. Utrust is not only the first company to be based in Portugal to have been selected, it’s also the only blockchain company to have made the cut in this first batch out of its European hub. This is a tremendous validation of our mission, vision and product.
The Alchemist Accelerator has a track record of success
Since its inception in 2012, it has accelerated over 400 businesses. Those businesses have not only accessed Alchemist’s large and growing global customer and partner community, but they have funded directly off of the accelerator. Over 40% of all startups to join the program have been funded after graduating to the tune of a whopping $794M in total funding.
Work never ceases when you’re trying to change the world. We are bringing the money of tomorrow to the Alchemist Accelerator, and we intend to bring it to everyone’s lives as well.
Whether you’re a merchant seeking to expand your business’s ecommerce potential or a customer seeking to get the most value out of your money, the time to join us on this journey is now.
About Alchemist Accelerator
Alchemist is a venture-backed accelerator focused on accelerating the development of seed-stage ventures that monetize from enterprises (not consumers). CB Insights rated Alchemist the top accelerator in 2016 based on median funding rates of its grads (YC was #2). The accelerator’s primary screening criteria is on teams, with primacy placed on having distinctive technical co-founders. The organization provides seed investment into companies it admits (typically $36K), and provides founders a structured path to traction, fundraising, mentorship, and community over the course of a 6 month program. Our backers include many of the top corporate and VC funds in the Valley — including Khosla Ventures, DFJ, Cisco, GE, next47(Siemens), and Salesforce, among others. The accelerator seeds around 75 enterprise-monetizing ventures/year. Notable alumni include LaunchDarkly, Rigetti Quantum Computing, mPharma, Matternet, and Mightyhive.
