According to TechFlow, Colosseum, an accelerator focused on the Solana ecosystem, has raised $60 million to invest in early-stage projects, according to CoinDesk. The company has deployed $250,000 to 11 different companies. It is reported that the fund is oversubscribed and will focus on investing in the Pre-Seed stage of startups selected by the winners of the Solana hackathon. Colosseum provides an innovative platform for developers and founders by organizing hackathons, promoting the establishment of companies and technological advancement in the crypto field.

Colosseum co-founder Clay Robbins said that the market needs new, professional crypto venture capital products, and many investors recognize the potential of the Solana ecosystem. Colosseum's hackathon event aims to provide global developers with a fair chance to compete and promote the development of crypto products and the establishment of blockchain startups.