Blockchain Capital Dries Up as Big FinTech Deals Decline
Cash is drying up for bitcoin and blockchain startups amid a broader decline in FinTech funding, according to new research from KPMG and CB Insights. The report, published today, shows that for the third straight quarter, VC investment in startups using distributed ledgers declined. While enthusiasm for the technology remains, the report said that companies shouldn't expect additional funds until countless proofs-of-concept emerge on the market. The report reads: "The ability to move blockchain from proof-of-concept to adoption and production has been minimal. While the market is....
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Blockchain technology continues to command a fair share of venture funding for fintech, one of the hottest venture capital (VC) targets worldwide. While the number of deals and the total value of fintech VC investment ebbed in Q3 2016, activity is expected to rebound in the fourth quarter and in 2017, according to a global analysis of venture fintech funding by KPMG and CB Insights. The Q3 slowdown in VC fintech funding was due to the lack of $1 billion-plus mega-deals. The total dollars invested this quarter was also less than half of that in Q3 2015. But despite the recent quarterly....
In 2015, Bitcoin and blockchain companies closed 74 deals, raising a total of $474 million USD in venture capital, an all-time high, according to a new report by CB Insights and KPMG. The three largest deals in the bitcoin space were also the three first Series C funding rounds, suggesting that the venture capital space is continuing to mature to....
In 2015, fintech entered the mainstream in the business world, doubling VC investment value in 2014 to over US$13.8 billion. Fintech is gaining momentum everywhere across North America, Asia and Europe. Globally in 2015, venture-capital-backed fintech companies raised $13.8 billion across 653 deals, compared to $6.7 billion across 587 deals in 2014. These statistics show the growing performance of fintech in recent years. The increase in deal volume is not as significant as the increase in deal value, indicating that average deal size has gone up dramatically compared to historical levels.....
According to latest figures from ‘The Pulse of Fintech’ quarterly report, total venture capital investment in the UK dropped slightly during the second quarter of 2016 though fintech investment was less affected. The report [PDF] by KPMG, along with KPMG Enterprise’s Global Network for Innovative Startups and CB Insights which launched on August 17th, 2016, analyses the latest global trends in venture capital investment data on the fintech sector. It says that VC-backed fintech startups fell globally by 49 percent. But despite this decline, VC investment in fintech is on pace to exceed....