5 of the Biggest Bitcoin Startup Investments of 2013
As increased exposure hits bitcoin in the form of mainstream attention, the more interest in its business potential. As a result, 2013 was by far the biggest year for venture capital funding in the bitcoin space. And while some have proclaimed that next year will be even bigger, this past one has been pretty heady. Let's take a look at five of the biggest bitcoin venture capital deals of 2013. 5. itBit. Total VC to Date: $3.25m. Major Investors: Canaan Partners, RRE Ventures, Liberty City Ventures. Access to bitcoin in the form of an investment-grade trading platform still eludes the....
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TechCrunch - a tech blog that focuses on startups - is once again holding their annual Crunchies Awards (7th annual, in fact). But of interest is one of the nominees for a pretty major category. Bitcoin buying/sell powerhouse Coinbase has been nominated by the public as a best new startup of 2013, alongside Glow, Whisper, Tinder, and Anki. And while the event is yet to take place, it's still interesting and notable that a startup in the bitcoinosphere is recognized here. Of course, we won't know if Coinbase takes the cake until February 10th, so if you're interested in casting your vote,....
While the success of cryptocurrencies has been much highlighted in developed countries in 2013, 2014 is certainly the year when digital currencies will embrace emerging markets. One of the most important factors that indicate the growth of an industry is the amount of venture capital raised by its companies and startups. In 2013, Bitcoin startups raised a total amount of US$88m, which is 40.9% higher than 2012, as reported by CoinTelegraph. Last year, among the 5 biggest VC investments in Bitcoin startups, only one was a non-American company. In November, Chinese Bitcoin exchange BTC China....
The amount of venture capital raised by bitcoin startups this year has already surpassed the total amount raised in 2013 by more than $27m. So far in 2014, $113.2m has flowed into bitcoin businesses, which is 29% greater than the total amount for last year, which stands at $88m. In 2012, bitcoin startups raised just $2.1m, according to CoinDesk statistics. The most active investor so far this year, by number of investments, was 500 Startups, which bought stakes in five companies. The Bitcoin Opportunity Fund, marquee venture capitalist Tim Draper and Crypto Currency Partners also made two....
The boom of modern technology has brought on both positive and negative repercussions to today’s society. Fortunately for a country like the Philippines, this trend has been more beneficial than detrimental to the business sector, given the boom of technology startup companies. As early as 2013, the IT sector has been considered as one of the fastest-rising ones in the country. According to Smart Communications’ chief wireless officer and founder Orlando Vea, there has been a “massive improvement” in the tech startup scene in the Philippines, given the inventive mindset of today’s working....
Investment in financial-technology companies grew by 201% globally in 2014, according to a new report from Accenture. The consultancy firm named blockchain technology to be one of the keys that legacy banks need to “reimagine” themselves in order to keep up with innovation. Investment in financial-technology (fintech) companies grew by 201% globally in 2014, compared to 63% growth in overall venture-capital investments, according to a new report from the consultancy firm Accenture titled The Future of Fintech and Banking: Digitally Disrupted or Reimagined. Global investment in fintech....