VCs Are on Track to Invest More in Blockchain Startups

What happened

The venture capital volume flowing into blockchain-based companies this year is already at 40% of the overall last year’s investment. With this dynamics, 2018 might easily eclipse 2017 numbers.

Who’s getting the money?

According to Crunchbase, “2018 is off to a strong start with a $75 million Series B closed by secure hardware wallet-maker Ledger, $18 million invested in the seed round of Russian blockchain-for-cargo-tracking platform QUASA, and $10 million invested in SF-based Harbor Platform, among other large rounds.”

Why is it important

Well, firstly because it has been only 2 months through the year. The estimate also excludes rounds labeled as ICOs, even if they had participation from VCs.

What can we learn from it

  •  It’s interesting to see how, despite all the market hype around ICOs, venture investment in blockchain and related companies has kept pace.
  •  Many mainstream investors and accelerators, such as Andreessen Horowitz, Plug & Play and TechStars, are among the most active VCs supporting blockchain startups.

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