Web3 venture capital firm GravityX Capital and CoinSwitch Ventures, the investment arm of CoinSwitch, have launched a Web3 scale-up program called LevitateX. The initiative aims to support early-stage Web3 companies in launch readiness accelerated traction, and operational excellence.
The scale-up program combines the expertise and resources of GravityX Capital and CoinSwitch Ventures to foster the growth of promising Web3 ventures. By providing a comprehensive suite of support and guidance, it aims to equip selected start-ups with the necessary tools, knowledge and connections to navigate the complex Web3 landscape.
Under the programme, selected companies will be assisted in refining the product offering, enhancing user experience and optimising technical infrastructure to ensure a robust and successful launch in the Web3 space. It will also provide start-ups with valuable insights, enabling them to scale up in the domain.
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The programme encompasses essential elements such as brand positioning, marketing and PR, prioritising community and developer activation, and strategic business development. It will foster strategic partnerships that can fuel the venture’s growth trajectory. Team Building and operational excellence, network, and investor access are the programme's major benefits.
Parth Chaturvedi, investments lead at CoinSwitch Ventures, commented, "We believe that Web3 and blockchain are the foundations of the new digital economy. Our investing philosophy involves more than just funding Web3 ventures. We also extend our expertise and investor network to drive their growth. This aligns well with LevitateX's goals.”
"Our combined expertise and networks in the Web3 space will enable us to identify and nurture high-potential start-ups, empowering them to succeed in this rapidly evolving industry, said Pratik Magar, general partner at GravityX Capital.
