Gem Leads 2016 Blockchain Investment with $7.1 Million in Series A Funding
Gem, a blockchain platform provider, has announced that it has closed a Series A funding round in which it has secured $7.1 million USD in venture capital funding. This funding round, led by Pelion Venture Partners, places Gem in an early lead for 2016 blockchain investment. Several firms participated in this funding round, including KEC Ventures, Blockchain Capital, Digital Currency Group and RRE Ventures. Ben Dahl, a partner at Pelion Venture Partners who led the funding round and has also joined Gem’s Board of Directors told press, “We have been monitoring the blockchain industry....
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Japan-based bitcoin exchange bitFlyer has raised ¥3bn, or just shy of $27m, in a Series C funding round led by Venture Labo Investment and SBI Investment, the venture capital division of financial services conglomerate SBI Group. The announcement is the latest for bitFlyer, which raised ¥510m ($4m) as part of a funding round last August that included Dentsu Digital Holdings, Mitsubishi UFJ Capital Co, Mitsui Sumitomo Insurance Venture Capital Co and Venture Labo. In interview, bitFlyer CEO Yuzo Kano indicated that the funding could be used to double the size of the exchange’s 23-person....
Chainalysis, a cryptocurrency security and blockchain auditing firm, has announced it has completed a new funding round for its operations. The company raised $170 million in its Series F funding round, which was led by GIC — the Government of Singapore Investment Corporation — and also had the participation of earlier investors. With this capital influx, the company reached a valuation of $8.6 billion.
Chainalysis Gets Investment From GIC
Chainalysis, a cryptocurrency and blockchain auditing firm, has announced it raised $170 million in its latest funding round,....
A new report from CB Insights has shown that funding investments in bitcoin and blockchain technology startups amounted to $550 million compared to almost no investment in 2012. According to CB Insights, post-2012 total funding has risen five percent, from $524 million in 2015 to $550 million in 2016. Yet, while some may consider this a small increase, the total funding amount has increased significantly from 2012 figures. Then only five deals, amounting to $1.3 million, were achieved. However, this was followed by two years of increased investments with 143 deals and $357 million invested....
In an announcement today, Blockstream has announced that it has successfully raised $55 million in Series A funding, bringing the total capital raised in its funding run to $76 million. The influx of finances will help the company further develop its innovative sidechain technology. Blockchain-based Blockstream has announced significant new investment into its Series A funding today. Adding to a previous $21 million seed round, the total investment now stands at $76 million over the two rounds. According to a press release, the latest round was led by Hong Kong-based Horizons Ventures; AXA....
Juniper Research has revealed in a new study that the total value of Venture Capital investment into blockchain technologies and Bitcoin-related companies in the first 6 months of 2016 totalled $290 million. The Future of Blockchain. In the new report – The Future of Blockchain: Bitcoin, Remittance, ID Verification & Smart Contracts 2016-2021 - it says more than 30 startups received funding within the period and more than a third of all investment was accounted for by three companies. They are social payment provider, Circle; sidechain developer, Blockstream; and distributed ledger....