Venture Investing in Bitcoin – Q1 2017

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

bitcoin-venture-investing

The above graph compares the total venture funding in each Bitcoin category to the number of companies in the category. The Blockchain Innvations category is leading in funding, with just over $850M. Bitcoin Exchanges takes the lead in company count, at around 225.

bitcoin-average-category-funding

The above analysis summarizes the average company funding in each Bitcoin category. The Bitcoin Mining category leads the sector with around $27M in average funding per company, followed by the Bitcoin Big Data and Bitcoin Wallet categories.

We are currently tracking 910 Bitcoin companies in 12 categories across 73 countries, with a total of $2 Billion in funding. Click here to learn more about the full Bitcoin landscape report and database.

Average Age by Blockchain Technology Category – Q1 2017

The following graph shows the average age by category in the Bitcoin sector. The graphic includes data through January 2017.

bitcoin-age-by-category

The above graph summarizes the average age of companies in each Bitcoin category. The Bitcoin Infrastructure category has the highest average age at around 4.75 years. Other categories with higher average ages include Bitcoin Mining, Bitcoin Gambling, and Bitcoin News/Data.

We are currently tracking 899 Bitcoin companies in 12 categories across 73 countries, with a total of $1.9 Billion in funding. Click here to learn more about the full Bitcoin landscape report and database.

Blockchain Technology (Bitcoin) Market Overview and Innovation Quadrant – Q1 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 January 2017.

Blockchain Technology/Bitcoin Logo Map

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

Blockchain Technology Innovation Quadrant

Our Innovation Quadrant provides a snapshot of the average funding and average age for the different Blockchain Technology 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 Technology 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 897 Blockchain Technology companies in 12 categories across 73 countries, with a total of $1.9 Billion in funding. Click here to learn more about the full Blockchain Technology report and database.

Where in the World are Blockchain Startups? – Q1 2017

The analyses below summarize where Bitcoin and Blockchain innovations are occurring. The graphic includes data through January 2017.

Bitcoin/Blockchain Company Count by Country
Bitcoin/Blockchain Company Count by Country

The above map shows the number of Bitcoin and Blockchain companies located in different countries. The United States ranks as the top country with over 340 companies.

bitcoin-blockchain-geo-map-funding
Bitcoin/Blockchain Technology VC Funding by Country
The above map shows the amount of total Bitcoin and Blockchain startup venture capital funding in different countries. The United States has the most VC funding at around $1B.

We are currently tracking 897 Bitcoin and Blockchain companies in 12 categories across 73 countries, with a total of $1.9B in funding. Click here to learn more about the full Bitcoin and Blockchain landscape report and database.

Bitcoin/Blockchain Companies Founded by Year – Q1 2017

The following graph shows the founding date distribution in the Bitcoin/Blockchain sector. The graphic includes data through October 2016.

Bitcoin/Blockchain Companies Founded by Year
Bitcoin/Blockchain Companies Founded by Year
The above graph summarizes the number of Bitcoin/Blockchain companies founded in a certain year. 2014 ranks at the top with 162 companies founded in that year. 2013 is close behind with 137 companies founded.

We are currently tracking 897 Bitcoin and Blockchain companies in 12 categories across 74 countries, with a total of $1.8 Billion in funding. Click here to learn more about the full Bitcoin and Blockchain landscape report and database.

Blockchain Funding Trends – Q1 2017

The following graphs highlight recent trends in Bitcoin and Blockchain funding activity.

Blockchain Startup Funding by Year
Blockchain Startup Funding by Year

The above graph summarizes the total funding raised by Blockchain startups for each year. 2016 is the best year so far with around $700M in funding. 2015 comes in at second place with just over $600M in funding.

bitcoin-vintage-funding
Blockchain Startup Vintage Funding

The above graph summarizes the total amount of funding raised by Blockchain companies founded in a certain year. Companies founded in 2014 have raised the most funding at just under $500M, followed by those founded in 2013 which have raised about $440M.

We are currently tracking 896 Bitcoin and Blockchain companies in 12 categories across 74 countries, with a total of $1.9 Billion in funding. Click here to learn more about the full Bitcoin report and database.

Bitcoin/Blockchain Startup Landscape Trends and Insights – Q1 2017

A report providing an overview of the Bitcoin/Blockchain startup landscape, graphical trends and insights, and recent funding and exit events. Click here to see this entire deck on our new blog.

We are currently tracking 893 Bitcoin and Blockchain companies in 12 categories across 74 countries, with a total of $1.9 Billion in funding. Click here to learn more about the full Bitcoin and Blockchain landscape report and database.