Check Out the 28 Crypto Startups in Y Combinator’s Latest Batch

  • Y Combinator, a startup accelerator, hosted its biannual Demo Day on March 29-30.
  • This latest batch was the largest to date, with 414 startups from six continents.
  • Crypto and blockchain startups were a major theme, more than double from the last batch.

Y Combinator’s first Demo Day of 2022 kicked off virtually on March 29-30, and the Winter 2022 batch, with 414 participating startups from six continents, was the largest class yet.

While crypto was a big theme for YC in 2021, this last class was even busier. There were more than twice as many web3, blockchain and crypto-focused startups as in the previous class, with 28 companies in this cohort.

The famous accelerator welcomes two batches of startups per year for a three-month program that is part of a startup school and mentorship. About 10,000 companies typically apply, and more than 17,000 companies applied for this batch, YC said.

The program has exploded in recent years after going virtual during the pandemic. Some founders and VCs have questioned whether the program is as prestigious as it once was and whether the startups are worth their ever-increasing price tag. For this latest class, YC offered virtual and in-person experiences for founders who chose to relocate to Silicon Valley, but relocation was not necessary.

Crypto companies were not the largest category. Startups selling cloud software on a subscription model, or software as a service, were – with 144 startups, according to YC’s online directory.

But the growth of this category is another signal that Silicon Valley is still in the early stages of its grand ambitions to remake banking and finance, as it did with advertising, retail and communications.

Insider rounded up the 28 crypto, blockchain, and Web3 companies that showed up at YC’s Winter 2022 Demo Day to offer insight into the kind of fintech the tech industry is cooking up.

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