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May 2017
Blockchain TechnologyQ2 Startup Market Trends and Insights
Blockchain technology report outline
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This report provides an overview of the blockchain technology sector and is broken down into three sections
Sector Description
High-level sector metrics, maps, and category definitions
Trends & Insights
Infographics and data points for the blockchain
technology 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 research platform
Blockchain Technology Sector Description
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Blockchain startups are creating new businesses in 12 categories
4The graphic above shows a sampling of companies in each category, stats as of May 2017
Bitcoin / Blockchain Technology
Learn about our full report with 923 companies across 12 categories with
$2.2B in funding
Bitcoin Exchanges Bitcoin Mining Bitcoin Wallets
Bitcoin Payments Bitcoin Financial Services
Trust
News
Bitcoin Infrastructure Blockchain Innovation Big Data Gambling Services
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Innovation quadrant for blockchain technology
AVERAGE FUNDING ($M)
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ESTABLISHED HEAVYWEIGHTS
PIONEERS DISRUPTORS
This quadrant shows a relative segmentation of the categories with respect to one another, data as of May 2017
Bitcoin Mining
Bitcoin Big Data
Bitcoin Wallets
Bitcoin Trust & Verification
BlockchainInnovations
Bitcoin Payments
Bitcoin Infrastructure
Bitcoin Exchanges
Financial Services
Bitcoin News & Data
Bitcoin Services
Bitcoin Gambling
Blockchain startups play in many different categories (1 of 2)
6Category stats as of May 2017
Bitcoin Big Data9 Startups, $47M Total FundingCompanies that develop tools to analyze activity on the public ledger to increase transparency
Bitcoin Financial Services145 Startups, $122M Total FundingCompanies that provide typical banking services using bitcoin technology
Bitcoin Infrastructure75 Startups, $131M Total FundingCompanies that build the technology that supports the continued development of the bitcoin ecosystem
Bitcoin News and Data Services57 Startups, $5M Total FundingCompanies that provide news and raw data services around the bitcoin ecosystem
Bitcoin Exchanges216 Startups, $442M Total FundingCompanies that allow users to buy and sell crypto-currencies and implement trading strategies
Bitcoin Gambling37 Startups, $4M Total FundingCompanies that offer gambling opportunities using bitcoin as the stakes
Bitcoin Mining72 Startups, $320M Total FundingCompanies that develop the computer hardware associated with processing bitcoin transactions
Bitcoin Payments107 Startups, $485M Total FundingCompanies that enable consumers to pay for real world goods and services using bitcoin and for merchants to accept those payments
Blockchain startups play in many different categories (2 of 2)
7Category stats as of May 2017
Bitcoin Services27 Startups, $2M Total FundingCompanies that provide business services such as recruiting and tax prep, but with a bitcoin focus
Bitcoin Wallets108 Startups, $408M Total FundingCompanies that offer consumers a place to securely store their bitcoins
Bitcoin Trust & Verification Services21 Startups, $214M Total FundingCompanies that help verify a bitcoin user’s identity for regulatory purposes
Blockchain Innovations178 Startups, $1.1B Total FundingCompanies that are working on blockchain distributed ledger technologies
Blockchain Technology Sector Trends & Insights
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Investing into the sector is focused on blockchain innovations
The Blockchain Innovations category accounts for 33% of venture fundingand 17% of total companies in the blockchain technology sector
Venture Investing in Blockchain Technology
Companies are categorized by function, and therefore can exist in multiple categories. Data through May 2017
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VC Funding Count
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VC funding into blockchain tech is growing
Overall blockchain technology VC funding grew at a CAGR of 152% from 2011-2016, and 2017 is currently at 29% of 2016 funding
Blockchain Technology Funding Over Time
Data through May 2017
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Blockchain technology VC funding is occurring mostly at early stage rounds
Blockchain Technology Funding Amount By Round
50% of 2016 VC funding into blockchain technology were Series A rounds
Graphs shows only the funding rounds listed therein, data through May 2017
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Blockchain technology startups founded in 2013 lead in VC funding
Startups founded in 2013 account for 27% of the sector funding over the last decade, and include companies like Circle, 21 Inc, and KnCMiner
Blockchain Technology Funding By Vintage Year
Data through May 2017
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Blockchain technology startups are a global phenomenon
Blockchain Technology Startup Count by Country
0 350Companies
Data through May 2017
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Investors into the sector tend to be specialists in blockchain technology
Selected Investor Activity in Blockchain Technology
The above count represents a subset of overall investor activity, data through May 2017
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Blockchain technology exit activity is dominated by acquisitions
Exit events within the blockchain technology sector grew by 1400% from 2011 to 2016, and 2017 is currently at 13% of 2016 exit events
Blockchain Technology M&A and IPO Events By Year
Data through May 2017
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Public Acquired
Blockchain TechnologyQuarterly Notable Events
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Recent blockchain technology funding statistics
There have been 36 blockchain technology funding events from January 2017 through March 2017
Recent Blockchain Technology Funding Round Counts
Graph shows only the funding types listed therein, data as of May 2017
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Grant Seed Series A Series B Series C Series D Late Stage
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Recent blockchain technology funding events
Notable Recent Blockchain Technology Funding Events
Company Funding Type Amount Date
Venture $30,000,000 Jan 25, 2017
Series B $24,000,000 Mar 8, 2017
Series A $15,000,000 Mar 30, 2017
Equity Crowdfunding $15,000,000 Mar 22, 2017
Series A $10,400,000 Mar 29, 2017
Blockchain technology startups raised $148 million from January 2017 through March 2017
Data as of May 2017
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