Bitcoin Venture Capital Markets Heating up as Five Bitcoin Startups Raise $45 Million
This week, five Bitcoin startups, including Chronicled, Chain, Abra, Case and Coinalytics, have raised more than $45 million in funding from Wall Street investors and banks, Silicon Valley venture capital firms and angel investors. The recent funding rounds also showed a significant increase in corporate investors, rather than just traditional venture....
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The decentralization effects of blockchain-based cryptocurrencies are hitting the venture capital industry in more ways than one. Whereas the traditional venture capital industry is boring, the crypto-tech industry has become more exciting. Actually, I see the two models as diametrically opposed: one is a closed market, dominated by command-and-control practices, led by a few rich people on Sand Hill Road. The other is a widely open global market where anyone can play, and where the gains and risks are more evenly distributed. This has led to a re-thinking of how startups who are operating....
It has to be said, Australia is showing a very bullish trend where venture capital is concerned in 2016. The fintech industry is heating up in Australia as of late. Westpac is backing a second AU$50m startup fund for fintech startups in the country. The bank will do so in collaboration with Sydney-based VC firm Reinventure. The hunt for promising Australian fintech startups is in full swing, and it is positive to see Westpac being part of this initiative. It is not the first venture by Westpac in the fintech industry either. The financial institution had shown its support for the local....
In addition to the companies listed below, sales portal BitSimple has raised $600,000 in a bitcoin-only seed round. This article summarizes some of the new State of Bitcoin 2014 data and analysis on venture capital investment presented at last week's Coinsummit conference in San Francisco. Several significant venture capital investments in bitcoin startups have been announced in recent weeks, including Circle's $17m second round, Xapo's $20m first round, and OKCoin's $10m first round (Table 1). Table 1: Bitcoin Venture Capital Investments - 2014 YTD. Sources: CoinDesk, Dow Jones....
Venture capital is often seen as a milestone for startups and entrepreneurs in any industry. Bitcoin companies welcome VC funds as well, although Indie.vc is displaying an attractive alternative. The Downside of Venture Capital Funding. Getting a venture capitalist on board is a big deal for any startup, as they bring much-needed funding to the table.....
While Africa has not yet seen a “blockchain mega-deal,” the report noted that crypto unicorns might emerge from the region in 2-3 years. As the African region continues to adopt crypto and blockchain, more venture funding flowed into the continent in 2022’s first quarter compared to the first quarter of 2021, according to a new report by blockchain-investment firm Crypto Valley Venture Capital (CV VC) and Standard Bank. The report, titled “The African Blockchain Report 2021,” shows that blockchain startups were able to raise $91 million within 2022's first quarter. Compared to the first....