A report providing an overview of the Bitcoin and Blockchain startup landscape, graphical trends and insights, and recent funding and exit events. Contact info@venturescanner.com to learn more!
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Venture Scanner Bitcoin Report 2017 Q1
1. Venture Scanner is your analyst and technology-powered startup research firm
Bitcoin/Blockchain
Startup Landscape Trends and Insights
January, 2017
2. Bitcoin/Blockchain report outline
2
This report provides an overview of the Bitcoin/Blockchain sector and is
broken down into three sections
Sector Description
High-level sector metrics
with sub-category
definitions
Trends & Insights
Infographics and data
points around the
Bitcoin/Blockchain sector
Quarterly Activity
Major funding and exit
events from the previous
90 days
Venture Scanner reports are built by analysts utilizing our
startup database and landscaping platform
4. Bitcoin startups are creating new business lines and disrupting old ones
The graphic above shows a sampling of companies in each category, stats as of January 2017
Bitcoin / Blockchain
Technology
Learn about our full report with 891
companies across 12 categories with
$1.9B in funding
Bitcoin Exchanges Bitcoin Mining Bitcoin Wallets
Bitcoin Payments Bitcoin Financial Services
Trust
News
Bitcoin Infrastructure Blockchain Innovation Big Data Gambling Services
4
5. The Venture Scanner Innovation Quadrant for Bitcoin/Blockchain
AVERAGE FUNDING ($M)
AVERAGEAGE(YEARS)
Bitcoin
Mining
ESTABLISHED HEAVYWEIGHTS
PIONEERS DISRUPTORS
Bitcoin
Big Data
Bitcoin
Wallets
Bitcoin Trust
& Verification
Blockchain
Innovations
Bitcoin
Payments
Bitcoin
Infrastructure
Bitcoin
Exchanges
Bitcoin
Financial Services
Bitcoin
News & Data
Bitcoin
Services
Bitcoin
Gambling
This quadrant shows a relative segmentation of the categories with respect to one another 5
6. Bitcoin/Blockchain startups play in many different categories (1 of 2)
6
Bitcoin Big Data
7 Startups, $45M Total Funding
Companies that develop tools to analyze activity on
the public ledger to increase transparency.
Bitcoin Financial Services
142 Startups, $111M Total Funding
Companies that provide typical banking services
using bitcoin technology.
Bitcoin Infrastructure
75 Startups, $129M Total Funding
Companies that build the functionality that supports
the continued development of the bitcoin ecosystem.
Bitcoin News and Data Services
57 Startups, $5M Total Funding
Companies that provide news and raw data services
around the bitcoin ecosystem.
Bitcoin Exchanges
213 Startups, $421M Total Funding
Companies that allow users to buy and sell crypto-
currencies and implement trading strategies.
Bitcoin Gambling
36 Startups, $400K Total Funding
Companies that offer gambling opportunities using
bitcoin as the stakes.
Bitcoin Mining
70 Startups, $269M Total Funding
Companies that develop the computer hardware
associated with processing bitcoin transactions.
Bitcoin Payments
107 Startups, $478M Total Funding
Companies that enable merchants and consumers to
pay for real world goods and services using bitcoin.
Category stats as of January 2017
7. Bitcoin/Blockchain startups play in many different categories (2 of 2)
7
Bitcoin Services
27 Startups, $2M Total Funding
Companies that provide business services such as
recruiting and tax prep, but with a bitcoin focus.
Bitcoin Wallets
108 Startups, $398M Total Funding
Companies that offer consumers a place to securely
store their bitcoins.
Bitcoin Trust & Verification Services
16 Startups, $102M Total Funding
Companies that help verify a bitcoin user’s identity
for regulatory purposes.
Blockchain Innovations
153 Startups, $855M Total Funding
Companies that are working on blockchain
distributed ledger technologies.
Category stats as of January 2017
9. 9
Venture investing into the space is dominated by Blockchain Innovations
The Blockchain Innovations category accounts for 30% of all venture funding
and 15% of total startup companies
Venture Investing in Bitcoin/Blockchain
Companies are categorized by function, and therefore can exist in multiple categories
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CompanyCount
TotalFunding($B)
VC Funding Count
10. 10
Funding into Bitcoin/Blockchain has grown substantially in recent years
Overall Bitcoin/Blockchain VC funding grew at a CAGR of 100% from 2010-2016
Bitcoin/Blockchain Funding Over Time
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2010 2011 2012 2013 2014 2015 2016
TotalFunding($M)
11. 11
Bitcoin/Blockchain startups founded in 2013 and 2014 lead in VC funding
58% of total sector funding was into startups founded in 2013 and 2014,
including companies like Circle, 21 Inc, and Blockstream
Bitcoin/Blockchain Funding By Vintage Year
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600
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
TotalFunding($M)
Year Founded
13. 13
Top VC investors are making bets in Bitcoin/Blockchain
Selected Investor Activity in Bitcoin/Blockchain
The above count represents a subset of overall investor activity
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NumberofInvestments
Number of Investments Number of Companies Backed
14. 14
Bitcoin/Blockchain exit activity is growing and dominated by acquisitions
Exits within the Bitcoin/Blockchain sector grew by 1100% between 2012 and 2015
Bitcoin/Blockchain M&A and IPO Events Over Time
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2012 2013 2014 2015 2016
NumberofExits
Public Acquired
16. 16
Recent Bitcoin/Blockchain funding events
There have been 14 funding events in the past 90 days,
providing $52 million in capital
Funding Statistics from Last 90 Days*
Company Amount Funding Type
$18,000,000 Series A
$7,500,000
Equity
Crowdfunding
$5,000,000 Series A
$4,700,000
Equity
Crowdfunding
$4,200,000 Series A
Notable Recent Bitcoin/Blockchain Funding Events
*Graph shows only the funding types listed therein
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FundingEventCount
17. 17
Recent Bitcoin/Blockchain exit events
There have been 3 Bitcoin/Blockchain exit events in the past 90 days,
consisting of 2 acquisitions and 1 IPO
Notable Recent Bitcoin/Blockchain Exit Events
Company Exit Type Acquirer Date
Acquisition Dec 13, 2016
Acquisition Oct 24, 2016
IPO N/A Nov 8, 2016
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19
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