tracxn blockchain applications startup landscape report - july 2016

Blockchain Applications, July 2016

TracxnWorld’s Largest Startup Research Platform

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Contents

Topic Page No.

Scope of Report 05

Entrepreneur Activity 07

Investment Trend 09

Who is Investing 17

Exit Outlook - IPO, Acquisitions 21

Sub Sector Analysis 23

Interesting Companies 38

Useful Links 47

Company List 49

Team 158

3

3


Illustrative Sectors We Track

ENTERPRISEINFRASTRUCTURE

ENTERPRISEAPPLICATIONS

MOBILEFINTECH

TECH CONSUMER EDUCATION HEALTHCARE

SECURITY

STORAGE

NETWORKING

MOBILITY

IT OPS

CLOUD INFRASTRUCTURE

API MANAGEMENT

BIGDATA INFRASTRUCTURE

SAAS

MOBILE-FIRST ENT. APPS

INTELLIGENT ENT. APPS

OPEN SOURCE

RETAIL TECH

MARKETING TECH

STEALTH MODE

VERTICAL SAAS

MOBILE COMMERCE

MOBILE PAYMENTS

MOBILE MARKETING

MOBILE DEV TOOLS

MOBILE HEALTH

MOBILE GAMING

MOBILE LEARNING

MOBILE COMMUNICATION

BANKING TECH

PAYMENTS

CONSUMER FINANCE

INVESTMENT TECH

BLOCKCHAIN APPLICATIONS

REMITTANCE

CROWDFUNDING

ALTERNATIVE LENDING

INTERNET OF THINGS

3D PRINTING

MARKETPLACE

FOOD TECH

EDUCATION IT

SELF LEARNING

LIFE SCIENCES

DIGITAL HEALTH


Sector Overview

Category Description

Financial Services Applications of Blockchain Technology in Financial Services

Enterprise Solutions Enterprise applications of Blockchain Technology

Technology Enablers Companies enabling blockchain technology implementation

Consumer Companies targeting consumer focused use-cases of blockchain technology

Scope of report

Blockchain is the technology that enables permanent, immutable and shared storage of data, where the exact same set of data

can be accessed and operated on by multiple industry players simultaneously. This helps to eliminate the concerns related to

interoperability of data management systems. The earliest use-case of blockchain technology is Bitcoin, the widely known

cryptocurrency.

Blockchain has applications across industries including but not limited to Financial Services, Supply Chain, Healthcare, IoT.

Within Financial Services, its most exploited use cases have been: Post-Trade settlement solutions for Capital Markets, Cross

border money transfer, P2P Insurance and Re-Insurance, Trade Finance.

The broader categories into which blockchain use-cases can be divided is as per the following:

The scope of this report includes equity as well as debt funding received by the companies.


Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Team

6

6


YoY – Number of companies founded

1 3

12

47

159

150

32

0

36

72

108

144

180

2010 2011 2012 2013 2014 2015 2016

Nu

mb

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f C

om

pan

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My Market Partners Mirror Ripple PeerNova Blockstream Symbiont Civic Technologies


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

8

8


YoY – Number of Rounds and Total Funding

$8M $8M

$92M

$202M

$178M

11

9

56

71

38

0

10

20

30

40

50

60

70

80

0

50

100

150

200

250

2010 2011 2012 2013 2014 2015 2016

Nu

mb

er of R

ou

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sFu

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Am

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(in

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Funding Amount Number of Rounds

Note: The funding includes debt rounds also.


YoY – Number of Rounds by Stage


YoY – Funding by Stage


Average Ticket Size – Early Stage


Top investments in last one year


Funnel view of Sector


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

16

16


Most Active Investors in Sector

17

1110

98

65 5 5 5

0

4

7

11

14

18

Digital CurrencyGroup

BlockchainCapital

RRE Ventures Boost Pantera Capital 500 Startups Crypto CurrencyPartners

AndreessenHorowitz

SV Angel Union SquareVentures

Tota

l Nu

mb

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f C

om

pan

ies

Ripple Blockstream Chain Mirror Chain BlockCypher Chain Ripple Chain Onename

Align Commerce Ripple Ripple Align Commerce Align Commerce Fluent Network PeerNova Keybase Onename Mediachain


Where are Top Investors investing


Top Investor by Stage of Entry


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

20

20


Major Acquisitions in last one year

Date Company Acquirer Overview

Apr-2016 elevence.comElevence Digital Finance

(Zurich, 2015)Digital Asset Holdings

Technology for rights/obligation determination on blockchain

Mar-2016 xapcash.comXAPCASH Technologies

(Vancouver, 2015)Blockchain Technologies Ltd

Blockchain based remittance company

Oct-2015 blockstack.ioBlockstack

(San Francisco, 2015)Digital Asset Holdings

Enterprise software stack for financial services to create blockchain 2.0 applications quickly and easily.

Jun-2015 blockchaintechcorp.comBlockchain Technologies Corp

(New York City, 2015)Global Arena Holdings

Blockchain technnology provider and startup accelerator

Jun-2015 bitsofproof.comBits of Proof

(Budapest, 2013)Digital Asset Holdings

Enterprise level server to integrate blockchain technology into financial applications


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

22

22


June 2016Tracxn BlueBox : Blockchain Applications

400+ companies in the sector, 134 funded, $380M invested in 2015/2016


Top Business Models by Funding

$222M

$181M

$68M

$16M

0

50

100

150

200

250

Financial services Technology Enablers Enterprise Solutions Consumer

Tota

l Fu

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Am

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(in

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# Cos. 115 141 112 44

Avg. Age 2014.3 2014.1 2014.1 2014.4

Digital Asset Holdings Blockstream Filament Maidsafe

Ripple Chain Keybase Augur


Financial Services – Business Model Description


Financial Services – Entrepreneur Activity and Investment Trend


Financial Services – Most Funded Companies


Technology Enablers – Business Model Description


Technology Enablers – Entrepreneur Activity and Investment Trend


Technology Enablers – Most Funded Companies


Enterprise Solutions – Business Model Description


Enterprise Solutions – Entrepreneur Activity and Investment Trend


Enterprise Solutions – Most Funded Companies


Consumer – Business Model Description


Consumer – Entrepreneur Activity and Investment Trend


Consumer – Most Funded Companies


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

37

37


Interesting Unfunded Companies

Company Overview Business Model

axoni.comAxoni

(2016, New York City)Blockchain solutions for capital markets Financial services - Trading - Capital markets

algorythmix.inAlgorythmix Tech(2015, Mumbai)

Application development projects based on Ethereum Technology Enablers - Service providers

slock.itSlock.it

(2015, Mittweida)Block chain based IoT smart contract solution Enterprise Solutions - Internet Of Things

geopay.co.zaGeoPay

(2014, Sandton)Mobile wallet payment and money transfer service provider Financial services - Payments - Money Transfer

banquapp.comBanQu

(2015, Austin)Economic identity platform on blockchain

Enterprise Solutions - Distributed Identity -Economic Identity

syscoin.orgSyscoin

(2014, Brasilia)Blockchain services for merchants via marketplace Consumer – P2P Commerce

switchless.comSWITCHLESS

(2013, Singapore)Bitcoin software for banks, private wealth managers and brokerage firms Technology Enablers - Service providers

bitsim.coFuzo

(2014, Hong Kong)Secure platform for developers to leverage and introduce bitcoin blockchain Financial services - Payments - Money Transfer

Curated list of companies by the sector analyst are defined as Interesting


Interesting Unfunded Companies


Interesting Seed Companies


Interesting Series A Companies


Interesting Late Stage Companies


Top Funded Deadpooled Companies


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

46

46


Useful Links

Slide Title Content Platform Link

List of All Companies in readable format Companies Link

Large Upcoming Sectors Entrepreneur Activity Link

Niche Upcoming Sectors Entrepreneur Activity Link

Top investments in last one year Investment Trend Link

Major Acquisitions in last one year Exit Outlook - Acquisitions Link

FinTech – Most Funded Companies Sub Sector Understand Link

Enterprise Solutions– Most Funded companies Sub Sector Understand Link

Technology Enablers – Most Funded Companies Sub Sector Understand Link

Marketplaces – Most Funded Companies Sub Sector Understand Link

Social Networks – Most Funded companies Sub Sector Understand Link

Top Funded Deadpooled Companies Companies Link

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http://tracxn.com/theme/upcoming/55310836e4b0082283957b6f#%7Csort%3DdatePublished%7Corder%3DDEFAULT%7CfeedName%3DBlockchain%20Applications

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Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

48

48


DETAILS OF 412 COMPANIES (134 FUNDED COMPANIES)

COVERS THE FOLLOWING SECTORS

Financial Services Enterprise Solutions Technology Enablers Consumer

49

Blockchain Applications – Company List


Financial services (1/31)

Financial Services Enterprise SolutionsTechnology

EnablersConsumer

Company Details Funding Investors

ANX International [Hong Kong, 2013]: ANX is a Financial Technology company that enablescompanies and institutions harness Blockchain. They enable merging traditional paymentnetworks with the new digital assets ecosystem.They offer full front-to-back stack ofservices and managed solution to the global market, providing all the core operationalservices such as customer service, payment processing, KYC compliance, AML monitoring,wallet management etc.

Trading - White label Exchanges

AlphaPoint [New York City, 2013]: AlphaPoint provides white label solutions to enablesbusinesses to integrate with digital currencies by setting up their own bitcoin exchange.Currently implements XBT, LTC, PPC, FTC, NMC and TRC. The exchange platform is ready totrade with the fiat currencies of choice. Digital currency automation tied with bankintegration result in a turn-key and easy to manage system. Full ability to customize pairsallows your institution to add new tradable products. Examples include fiat to fiat, crypto tofiat and crypto to crypto. Exchange performance of up to a million transactions per second.Their database is a next-generation design based on platforms currently used to processHFT risk analysis.

$1.35M

Crypto Currency Partners, Ben Franklin Technology Partners of

Southeastern Pennsylvania, Blockchain Capital


BlinkTrade [New York City, 2013]: BlinkTrade provides clients with a white-label solutionfor building Bitcoin exchanges, thereby offering them a cost-effective way to start their ownbitcoin exchanges and removing the need to hire a developer. Provides an open sourceplatform that uses multi-signature technology to protect the customers and brokers. Theplatform is built on a WebSocket API, allowing any front-end developer to build applicationswith which users can convert bitcoin to fiat.

$40.57k


Noble Markets [New York City, 2014]: Noble markets intends to deliver a marketplace forinstitutional financial, commercial and exchange clients and partners by leveragingblockchain. They leverage trading technology from Nasdaq OMX for their institutional-focused marketplace. They are looking to work with Bitcoin exchanges to provide furtherliquidity. Currently the exchanges show that there is money, but volume is lacking whichaffects liquidity of bitcoin as an asset. Hence by connecting with exchanges, Noble Marketswill be able to help the institutional investors get in and out of bitcoin with more certainty.

Tally Capital, Blockchain Capital

http://www.anxintl.com/

http://www.alphapoint.com/

http://www.blinktrade.com/

http://www.noblex.io/




EnablersConsumer


Trading - Capital markets - OTC Trading

clearmatics [London, 2015]: Clearmatics is developing a clearing and settlement technologyfor financial OTC markets. Its blockchain technology brings together custodians and end-users on a single platform, where members can settle securities and automate theperformance of financial contracts on a trusted and decentralized virtual machine. As ofJune 2015, the company is in stealth mode. The company recently demo-ed their OTCtrading product with OpenGamma in Quantech 2016 in April

Route 66 Ventures, Nyca Partners, Tellurian Capital

Trading - Capital markets

Digital Asset Holdings [New York City, 2014]: Digital Asset builds distributed, encrypted STPtools for capital markets and financial institutions. It develops technology that helpsefficiency, transparency, compliance and settlement speed using cryptographic, distributedledgers. Their offerings are 1) Open source distributed ledge infrastructure to create ledgers2) Digital asset platform that interacts with ledgers and enable applications embedded withbusiness logics in the form of low-level services 3) Business applications that are asset-specific plugins. In Jan, 2016 the company was selected by ASX to develop solutions for theAustralian market utilizing Distributed Ledger Technology.

$60M

Accenture, IBM, Goldman Sachs, Broadridge Financial Solutions,

Citigroup, J.P. Morgan, CME Group, BNP Paribas, ABN AMRO Bank,

Australian Securities Exchange, PNC Financial Services Group, Deutsche,

DTCC, ICAP plc, Santander InnoVentures


itBit [Tower, 2012]: itBit offers a suite of products leveraging traditional capital marketsinfrastructure and blockchain technology. The product offerings include: 1.Trading Services:Allows buying and selling of Bitcoins on global exchange and OTC counter.; 2.Bankchain:Clearing and settlement system that leverages private permissioned distributed ledgertechnology to execute post-trade.It facilitates trades between Bitcoin and U.S. Dollars,Singapore Dollars, and Euros. The company also offers 3 APIs - FIX, REST and Market Datafor high frequency & Institutional traders.

$28.25M

Canaan Partners, RRE Ventures, Liberty City Ventures, Raptor Group, Blockchain Capital, Digital Currency

Group

http://www.clearmatics.com/

http://www.digitalasset.com/

http://www.itbit.com/




EnablersConsumer



PeerNova [San Jose, 2013]: Peernova provides solutions for securities exchange andfinancial services. PeerNova has developed a technology platform that providesimmutability and data integrity for use in securities exchanges applications. Based onblockchain, their patent-pending technology enables use of immutable ledgers anddatabases in real-time for multi-asset and multi-party transactions. Traditional applicationsof blockchains involve de-centralized ledgers, distributed consensus protocols, andanonymous users. Received a pre-Series A investment from semiconductor industry veteranand ex-Sequoia Capital VC, Pierre Lamond, and FireEye’s founder Ashar Aziz in July 2014.With subsequent rounds of funding the firm has sought to move away from self mining andmove more into a fullfledged blockchain application service provider

$19.6MOverstock, Crypto Currency Partners, Mosaik Partners, Blockchain Capital


Cryex [Stockholm, 2013]: Cryex claims to provide an order driven, multi-currency matchingplatform with central counterparty clearing (CCP) for first Spot and later Derivatives. Theyplan to leverage blockchain based transaction settlement to offer the European market aclearing and trading model, providing transparency on price and cost, whilst increasingspeed and lowering risk in clearing and settlement of FX products.

$10MNorthzone, White Star Capital,

SparkLabs Global Ventures


ShellPay [Shanghai, 2015]: ShellPay is a block chain application for financial transactions. Itoffers users with different products, such as, a bitcoin wallet, a bitcoin currency - ShellCoin,bitcoin based technology solutions for stock exchange etc. It has raised Angel round offunding from Weijia Capital.

$770K


Equibit Development Corporation [Canada, ]: Equibit is a blockchain-based securitiesregister allowing for efficient management of OTC equity, warrants, partnership units andmore. The system includes a shareholder communications system, as well as the ability toeasily issue BTC-denominated dividends and distributions to holders of equity.

$150k

http://www.peernova.com/

http://www.cryex.com/

http://www.shellcoin.cn/

http://www.equibit.org/




EnablersConsumer


Enterprise Solutions (1/28)


EnablersConsumer




EnablersConsumer


Technology Enablers (1/36)


EnablersConsumer




EnablersConsumer


Consumer (1/12)


EnablersConsumer


Consumer (2/12)


EnablersConsumer


Consumer (3/12)


EnablersConsumer


Consumer (4/12)


EnablersConsumer


Consumer (5/12)


EnablersConsumer


Consumer (6/12)


EnablersConsumer


Consumer (7/12)


EnablersConsumer


Consumer (8/12)


EnablersConsumer


Consumer (9/12)


EnablersConsumer


Consumer (10/12)


EnablersConsumer


Consumer (11/12)


EnablersConsumer


Consumer (12/12)


EnablersConsumer


Scope of Report


Investment Trend

Who is Investing


Sub Sector Analysis


Useful Links

Company List

Team

157

157


Team

Tarun Bansal,

Lead Analyst, Fin Tech

Aman Trivedi,

Analyst, Fin Tech

https://in.linkedin.com/in/aman-trivedi-63b9a733

https://twitter.com/ZeFinTechGuy

https://www.linkedin.com/in/tarunbansal19

https://twitter.com/tbansal19

tracxn blockchain applications startup landscape report - july 2016

Data & Analytics