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Venture Scanner Bitcoin Report 2017 Q1

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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. 1. Venture Scanner is your analyst and technology-powered startup research firm Bitcoin/Blockchain Startup Landscape Trends and Insights January, 2017
  2. 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
  3. 3. Bitcoin/Blockchain Sector Description 3
  4. 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 $1.9B in funding Bitcoin Exchanges Bitcoin Mining Bitcoin Wallets Bitcoin Payments Bitcoin Financial Services Trust News Bitcoin Infrastructure Blockchain Innovation Big Data Gambling Services 4
  5. 5. The Venture Scanner Innovation Quadrant for Bitcoin/Blockchain AVERAGE FUNDING ($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. 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. 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, $855M Total Funding Companies that are working on blockchain distributed ledger technologies. Category stats as of January 2017
  8. 8. Bitcoin/Blockchain Trends & Insights 8
  9. 9. 9 Venture investing into the space is dominated by Blockchain Innovations The Blockchain Innovations category accounts for 30% of all venture funding and 15% of total startup companies Venture Investing in Bitcoin/Blockchain Companies are categorized by function, and therefore can exist in multiple categories - 50 100 150 200 250 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 CompanyCount TotalFunding($B) VC Funding Count
  10. 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 0 100 200 300 400 500 600 700 800 2010 2011 2012 2013 2014 2015 2016 TotalFunding($M)
  11. 11. 11 Bitcoin/Blockchain startups founded in 2013 and 2014 lead in VC funding 58% of total sector funding was into startups founded in 2013 and 2014, including companies like Circle, 21 Inc, and Blockstream Bitcoin/Blockchain Funding By Vintage Year 0 100 200 300 400 500 600 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 TotalFunding($M) Year Founded
  12. 12. 12 Bitcoin/Blockchain startups are a global phenomenon Bitcoin/Blockchain Startup Count by Country 0 350 Companies
  13. 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 0 10 20 30 40 50 60 NumberofInvestments Number of Investments Number of Companies Backed
  14. 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 0 2 4 6 8 10 12 14 2012 2013 2014 2015 2016 NumberofExits Public Acquired
  15. 15. Bitcoin/Blockchain Quarterly Update 15
  16. 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 0 1 2 3 4 5 6 FundingEventCount
  17. 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
  18. 18. About Venture Scanner 18
  19. 19. Venture Scanner is the foundation of your startup research 19 Our research and data keep you ahead of the Bitcoin/Blockchain innovation curve Save Time and Money Get immediate access to years of startup research Leverage Technology Realize the power of our landscaping technology Stay Current See all updates and developments Many international Fortune 500 companies trust Venture Scanner to help them with their startup landscaping and reporting needs
  20. 20. Venture Scanner is your analyst and technology-powered startup research firm Want to learn more about our Bitcoin/Blockchain report and database? Click here or contact info@venturescanner.com to learn more

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