VC Investments In Blockchain Companies On Track To Exceed 2017s Numbers

VC Investments In Blockchain Companies On Track To Exceed 2017s Numbers
Venture capital fundraising for Blockchain companies is set to exceed that of last year, having already reached 40 percent of 2017s numbers in just two months.

The amount of venture capital fundraising for Blockchain-based companies so far in 2018 has already reached more than 40 percent of last year’s total, according to a report released by Crunchbase News on Feb. 27.

Crunchbase News determined the companies to include in their data analysis by making a list of all organizations already categorized on their site as related to “Bitcoin,” “Ethereum,” “Blockchain,” “Cryptocurrency,” and “Virtual Currency,” as well as adding the key words “digital currency” and “utility token” to their search.

The list also includes all companies in Crunchbase data that have led Initial Coin Offerings (ICO) this year, bringing the total number of companies included in the analysis to around 2,900.

By looking at a graph of all of the venture investments this year in “Blockchain and Blockchain-Adjacent Startups,” excluding ICOs, Crunchbase found that the spikes and drops of Bitcoin’s price since Jan. 2018 had not prevented venture investment from steadily increasing.

Crunchbase mentioned some of the largest venture rounds that have taken place this year with crypto wallet Ledger, Russian Blockchain-cargo tracking platform QUASA, and the Blockchain tech firm Harbor Platform.

Crunchbase data shows that there are a mix of both mainstream investors as well as more “vertical-specific” venture firms like Digital Currency Group taking place in these Blockchain-oriented rounds. Just last week, the Digital Currency Group announced that they had recently invested in the crypto-friendly Silvergate Bank.

Crunchbase data showed that the countries that participated in venture fundraising for Blockchain and Blockchain-adjacent companies was concentrated to a handful, with the US in the lead and the United Kingdom, Singapore, and Switzerland as notable standouts.

Cointelegraph recently published an Expert Take on how Switzerland is becoming a “crypto-nation” due to its financial authority’s “balanced approach” to handling ICO regulation, as well as Swiss tax laws making the country into an “unofficial” crypto tax haven.

05.03.2018 / 09:35 93
Quebec Electricity Utility Slammed With Requests From Cryptocurrency Miners Quebec Electricity Utility Slammed With
Be careful what you wish for. Hydro-Quebec, Canada’s largest electric utility, which has been courting cryptocurrency companies with its low cost,
Overstock Sees Share Price Drop After Subsidiary Becomes Target Of SEC Probe Overstock Sees Share Price Drop After
Overstock has experienced a 10% share price drop after its subsidiary, tZERO, announced that they are a target of the SEC crypto probe.
PayPal Is Seeking Faster Crypto Payments Tech PayPal Is Seeking Faster Crypto
PayPal is eyeing a way to boost the speed of cryptocurrency payments, a newly-released patent filing shows. An application for an "Expedited Virtual
Jimmy Song's New Mission: Fund Unpaid Bitcoin Coders Jimmy Song's New Mission: Fund Unpaid
One of the most respected developers in bitcoin wants to give a new generation of open-source developers a revenue stream. Jimmy Song, known for his
8 Ways Telegram Thinks Its Own ICO Could Go Wrong 8 Ways Telegram Thinks Its Own ICO
If Telegram's ambitious blockchain project fails, investors can't say they weren't warned. Along with the white paper and technical documents,
Blockchain Technology Officially Enters the Oil and Gas Industry Blockchain Technology Officially Enters
Oil and gas companies can rejoice, as Ethereum-powered blockchain technology is officially being adopted into a major industry. The oil and gas
Comments (0)
Add a comment
Comment on