Foresight VC Expands Accelerator Program with $10M for Web3

Singaporean VC firm Foresight Ventures has committed an additional $10 million to its Foresight X Accelerator, bringing the total amount to $20 million. The second phase of the accelerator will support projects in the Web3 ecosystem focusing on AI, ZK, machine learning, Bitcoin, staking derivatives, and NFTs. Selected projects will receive $200,000, mentorship, and guidance. Foresight currently manages $400 million in assets under management (AUM) and has expanded its portfolio through the acquisition of Bitget and a partnership with BitKeep. It has also launched a $200 million capital pool and participated in a $100 million Web3 fund with Bitget.