Blockchain Technology Funding Trends – Q3 2017

The following graphs highlight recent trends in Blockchain Technology startup funding activity. The graphics include data through September 2017.

Blockchain Technology Total Funding by Year
Blockchain Technology Total Funding by Year

The above graph summarizes the total funding raised by Blockchain Tech startups for each year. 2017 has the most funding to date at around $1.3 Billion.

Blockchain Technology Funding by Vintage Year
Blockchain Technology Funding by Vintage Year

The above graph summarizes the total amount of funding raised by Blockchain Tech companies founded in a certain year. Companies founded in 2014 have raised the most funding at around $1 Billion.

We are currently tracking 948 Blockchain Tech companies in 12 categories across 74 countries, with a total of $3.7 Billion in funding. Click here to learn more about the full Blockchain Technology market report.

Blockchain Technology Funding by Round – Q3 2017

The following two graphs summarize the rounds of funding going into the Blockchain Technology space. Please note these graphics are made using data through September 2017.

Blockchain Technology Funding Amount by Round
Blockchain Technology Funding Amount by Round

The graph above shows the total amount of VC funding broken out by round. From 2010 to 2016, we saw a sharp increase in the overall sector funding, with the total amount peaking in 2015 and then declining thereafter. Early to mid-stage funding type events (Seed, Series A, B, and C) have accounted for a substantial amount of total funding.

Blockchain Technology Funding Count by Round
Blockchain Technology Funding Count by Round

The graph above shows the total count of funding events broken out by round. The general trend over the past few years has been a substantial number of funding events in the Seed stage and a fewer number in the Series A stage, with the funding events in the later stages quickly dropping off.

We are currently tracking 948 Blockchain Technology companies in 12 categories across 74 countries, with a total of $3.7 Billion in funding. Click here to learn more about the full Blockchain Technology market report.

Blockchain Technology Startup Market Highlights  – Q3 2017

Here is our Q3 2017 summary report on the Blockchain Technology startup sector. The following report includes a startup landscape overview, graphical trends with insights, and recent funding and exit events.

We are currently tracking 947 Blockchain Tech companies in 12 categories across 74 countries, with a total of $3.6 Billion in funding. Click here to learn more about the full Blockchain Technology (Bitcoin) market report.

Blockchain Tech Market Overview and Innovation Quadrant – Q3 2017

The following post highlights how Venture Scanner categorizes the Blockchain Technology startup landscape, and presents our Innovation Quadrant showing how those categories compare to one another. The data for this post is through August 2017.

Blockchain Tech Q3 2017 Logo Map

The above sector map organizes the sector into 12 categories and shows a sampling of companies in each category.

Blockchain Tech Q3 2017 Innovation Quadrant

Our Innovation Quadrant provides a snapshot of the average funding and average age for the different Blockchain Tech categories and how they compare with one another.

  • Heavyweights: These categories are comprised of companies that have reached maturity with significant financing.
  • Established: These categories are comprised of companies that have reached maturity with less financing.
  • Disruptors: These categories are comprised of companies that are less mature with significant financing.
  • Pioneers: These categories are comprised of companies that are less mature with earlier stages of financing.

The definitions of the Blockchain Tech categories are as follows

Bitcoin Big Data: Companies that develop tools to review, parse, and analyze activity on the public ledger to increase transparency. Examples include monitoring wallets, advanced search filtering, and trend analysis.

Bitcoin Exchanges: Companies that allow users to buy and sell crypto-currencies, provide market analytics, and allow for the implementation of sophisticated trading strategies. Examples include simple consumer-oriented solutions, marketplaces to match buyers and sellers, and broker/dealers that make their own market and trade on their own inventory.

Bitcoin Financial Services: Companies that provide typical banking services using bitcoin technology. Examples include offering financial investment advice on how to manage your portfolio of crypto-currencies, providing remittance payments, and providing loans denominated in bitcoin.

Bitcoin Gambling: Companies that offer gambling opportunities using bitcoin. Examples include online casinos, and white-label game developers.

Bitcoin Infrastructure: Companies that are building the functionality that supports the continued development and expansion of the bitcoin ecosystem. Examples includes organizations responsible for maintaining the open-source code, offering white-label solutions for common bitcoin functions (such as wallets or exchanges), and the physical-world bitcoin Automated Teller Machines (ATMs).

Bitcoin Mining: Companies that develop and operate the computer hardware associated with processing bitcoin transactions (known as “mining”). Examples include the production of bespoke ASIC computers, large scale mining rig operators, and cloud mining pool software.

Bitcoin News and Data Services: Companies that provide news and data around the bitcoin ecosystem. Examples include organizations that offer up-to-date pricing information, original content, and aggregated sources of bitcoin-related news.

Bitcoin Payments: Companies that enable merchants and consumers to pay for real world goods and services using bitcoin as the medium of exchange. Examples include mobile payments via apps, Point-of-Sale terminals pre-built with bitcoin options, and developers of enterprise-level solutions.

Bitcoin Services: Bitcoin services include companies that offer typical business services (such as consulting, security, etc.), but with a bitcoin focus. Examples include recruiting, regulatory compliance, and technical implementation.

Bitcoin Trust and Verification Services: Companies that help verify a bitcoin user’s identity for regulatory purposes. Examples include identity verification for anti-fraud, anti-money laundering, and anti-terror financing laws.

Bitcoin Wallets: Companies that offer consumers a place to securely store their bitcoins. Examples include cold storage solutions, multi-step authentication, and insuring the deposits.

Blockchain Innovations: Companies that are working on blockchain distributed ledger technologies. Examples include increased settlement speed for financial transactions between banks, smart self-enforcing contracts, and cross-blockchain interoperability.

We are currently tracking 945 Blockchain Tech companies in 12 categories across 74 countries, with a total of $3.5 Billion in funding. Click here to learn more about the full Blockchain Technology market report.

Blockchain Technology Activity by Selected Investors – Q3 2017

The following graph summarizes investor activity in the Blockchain Technology space. Please note these graphics are made using data through August 2017.

Blockchain Tech Q3 2017 Investor Activity

The above analysis summarizes the total number of investment rounds Blockchain Tech investors participated in, and the number of unique companies funded by those investors. Major investors into the space include the Digital Currency Group, Blockchain Capital, Pantera Capital, 50 Startups, and FundersClub.

We are currently tracking 945 Blockchain Tech companies in 12 categories across 74 countries, with a total of $3.5 Billion in funding. Click here to learn more about the full Blockchain Technology market report.

Blockchain Technology Exits by Category and by Year – Q3 2017

The following graphs highlight the exit activity in the Blockchain Technology sector. The graphics include data through May 2017.

Exit Activity by Category in Blockchain Technology
Exit Activity by Category in Blockchain Technology

The above graph summarizes the number of exits (acquisitions and IPOs) in each Blockchain Technology category. The Bitcoin Exchanges category leads the sector with 9 acquisitions. The Bitcoin Data Services category is the runner-up with 7 acquisitions.

Exit Activity by Year in Blockchain Technology
Exit Activity by Year in Blockchain Technology

The above graph summarizes the number of exits (acquisitions and IPOs) in the Blockchain Technology sector by year. 2016 leads the sector with 14 acquisitions and 1 IPO. 2015 is the runner-up with 13 acquisitions.

We are currently tracking 942 Blockchain Technology companies in 12 categories across 74 countries, with a total of $3.3 Billion in funding. Click here to learn more about the full Blockchain Technology market report.

Venture Investing in Blockchain Technology – Q3 2017

The following graphs highlight venture investing trends into the Blockchain Technology sector. The graphics include data through May 2017.

Blockchain Tech Venture Investing Q3 2017

The above graph compares the total venture funding in each Blockchain Technology category to the number of companies in the category. The Blockchain Innovations category leads in funding at $1.1B. The category with the most startups is Bitcoin Exchanges, with around 215.

Blockchain Tech Category Average Funding Q3 2017

The above analysis summarizes the average company funding in each Blockchain Technology category. The Bitcoin Mining category leads the sector with around $29M in average funding per company, followed by the Bitcoin Trust Services and Bitcoin Wallets categories.

We are currently tracking 939 Blockchain Technology companies in 12 categories across 74 countries, with a total of $3 Billion in funding. Click here to learn more about the full Blockchain Technology market report.