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Bitcoin/BlockchainStartup Landscape Trends and Insights

January, 2017

Bitcoin/Blockchain report outline

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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

Bitcoin/Blockchain Sector Description

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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

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The Venture Scanner Innovation Quadrant for Bitcoin/Blockchain

AVERAGE FUNDING ($M)

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Bitcoin Mining

ESTABLISHED HEAVYWEIGHTS

PIONEERS DISRUPTORS

Bitcoin Big Data

Bitcoin Wallets

Bitcoin Trust & Verification

BlockchainInnovations

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

Bitcoin/Blockchain startups play in many different categories (1 of 2)

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Bitcoin Big Data7 Startups, $45M Total FundingCompanies that develop tools to analyze activity on the public ledger to increase transparency.

Bitcoin Financial Services142 Startups, $111M Total FundingCompanies that provide typical banking services using bitcoin technology.

Bitcoin Infrastructure75 Startups, $129M Total FundingCompanies that build the functionality 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 Exchanges213 Startups, $421M Total FundingCompanies that allow users to buy and sell crypto-currencies and implement trading strategies.

Bitcoin Gambling36 Startups, $400K Total FundingCompanies that offer gambling opportunities using bitcoin as the stakes.

Bitcoin Mining70 Startups, $269M Total FundingCompanies that develop the computer hardware associated with processing bitcoin transactions.

Bitcoin Payments107 Startups, $478M Total FundingCompanies that enable merchants and consumers to pay for real world goods and services using bitcoin.

Category stats as of January 2017

Bitcoin/Blockchain startups play in many different categories (2 of 2)

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Bitcoin Services27 Startups, $2M Total FundingCompanies that provide business services such as recruiting and tax prep, but with a bitcoin focus.

Bitcoin Wallets108 Startups, $398M Total FundingCompanies that offer consumers a place to securely store their bitcoins.

Bitcoin Trust & Verification Services16 Startups, $102M Total FundingCompanies that help verify a bitcoin user’s identity for regulatory purposes.

Blockchain Innovations153 Startups, $855M Total FundingCompanies that are working on blockchaindistributed ledger technologies.

Category stats as of January 2017

Bitcoin/Blockchain Trends & Insights

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Venture investing into the space is dominated by Blockchain Innovations

The Blockchain Innovations category accounts for 30% of all venture fundingand 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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VC Funding Count

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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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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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Bitcoin/Blockchain startups are a global phenomenon

Bitcoin/Blockchain Startup Count by Country

0 350Companies

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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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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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Bitcoin/Blockchain Quarterly Update

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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

$7,500,000Equity

Crowdfunding

$5,000,000 Series A

$4,700,000Equity

Crowdfunding

$4,200,000 Series A

Notable Recent Bitcoin/Blockchain Funding Events

*Graph shows only the funding types listed therein

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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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