Tracxn - Top Business Models -Blockchain Technology - Jan 2022

TRACXN TOP BUSINESS MODELS REPORT
January 10, 2022
BLOCKCHAIN TECHNOLOGY

Blockchain Technology - Top Business Models Report Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Contents
Blockchain Technology Funding -
Overview
3
Top Funded Business Models 4
One pagers 8
Appendix 46
2

Blockchain Technology - Funding in last 1 year
3
Cryptocurrencies $13.8B
Blockchain Infrastructure $5.8B
Blockchain Services $676M
Smart Contracts $378M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
AU21 Capital
LD Capital
NGC
46
31
31
Early
Stage
Alameda Research
Andreessen Horowitz
Coinbase
31
30
29
Late
Stage
Andreessen Horowitz
Coatue
Paradigm
12
8
7
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
United States (44%)
United Kingdom (9%)
Bahamas (6%)
Canada (6%)
France (5%)
Singapore (4%)
Cyprus (3%)
Others (23%)
$ Funding # Rounds
FTX
(2018, Bahamas)
$900M - Series B
Celsius Network
(2017, United Kingdom)
$750M - Series B
Forte
(2016, United States)
$725M - Series B
Sorare
(2018, France)
$680M - Series B
eToro
(2007, Cyprus)
$650M - Series F
MoonPay
$555M - Series A
Circle
$440M - Series F
Genesis Digital Assets
$431M - Series D
FTX
(2018, Bahamas)
$421M - Series B
Gemini
$400M - Series A
Ledger
(2014, France)
$380M - Series C
BlockFi
$350M - Series D

Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Top Funded Business Models - last 1 year (1/4)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1▲1 Crypto Trading Platforms $3.5B 58 FTX | $900M | Series B Link
2▼1 Cryptocurrencies Based Financial Services $2.3B 64 Celsius Network | $750M | Series B Link
3▲2 Crypto Exchanges $1.2B 57 Blockchain | $300M | Series C Link
4▼1 Dapp Development Platforms $1.2B 50 Forte | $725M | Series B Link
5▲5 Blockchain Networks $761M 110 Solana | $314M | Series C Link
6▲22 Blockchain Development Services $647M 25 Genesis Digit.. | $431M | Series D Link
7▲2 Blockchain Security $542M 29 Fireblocks | $310M | Series D Link
8▲4 Blockchain in Financial Services $511M 56 2TM | $200M | Series B Link
9▼5 Blockchain Compliance and Risk Management $439M 16 Chainalysis | $100M | Series E Link
10▲6 Offline Crypto Wallet Devices $382M 2 Ledger | $380M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5
11▼4 Cryptocurrencies for Payments $349M 7 Masterworks | $110M | Series A Link
12▲3 Smart Contracts $234M 22 Offchain Labs | $100M | Series B Link
13▼7 Crypto Banks $215M 10 Sygnum | $120M | Series B Link
14▼6 Crypto Mobile Wallets $153M 20 Cobo | $40.0M | Series B Link
15▲4 Cryptocurrency Mining Hardware Providers $148M 12 Rhodium | $86.9M | Series C Link
16▲18 Cryptocurrency Mining Software Providers $129M 4 Helium | $111M | Series D Link
17▲1 Cryptocurrency Research Platforms $110M 9 Nansen | $75.0M | Series B Link
18▲12 NFT Marketplaces $78.5M 13 Forte | $725M | Series B Link
19▼5 Smart Contract Security $72.7M 6 Forta | $23.0M | Series B Link
20▲6 Crypto Portfolio Management $60.3M 24 Sommelier | $23.0M | Series A Link

6
21▲12 Crypto Pool Mining $48.7M 18 Tokens.com | $25.0M | Series B Link
22▼9 Softwares for Crypto Cold Wallets $41.1M 3 ZenGo | $20.0M | Series A Link
23▼12 Cryptocurrency Market Makers $39.8M 7 Wintermute | $20.0M | Series B Link
24▼1 Stable Coins $39.7M 12 Celo | $20.0M | Series B Link
25▼8 IT Solutions for Crypto Exchanges $35.0M 2 XanPool | $27.0M | Series A Link
26▼2 Crypto Based Lending Platforms $28.5M 19 Yuanbao | $156M | Series C Link
27▲9 Blockchain Consulting Services $27.9M 2 Coinone | $27.9M | Series B Link
28▲1 DApps Development $25.0M 1 SIMBA Chain | $25.0M | Series A Link
29-- General Purpose Cryptocurrencies $25.0M 1 Worldcoin | $25.0M | Series B Link
30▼10 Crypto Based Online Business Payments $11.6M 9 Wyre | $5.8M | Series A Link

7
31▼9 Smart Contract Development $8.3M 9 Gelato | $11.0M | Series A Link
32▼1 Cryptocurrencny Algo Trading Platforms $5.7M 9 Paradigm | $39.5M | Series A Link
33▼8 Blockchain Explorers $4.5M 2 Defined | $2.5M | Seed Link
34▼2 Crypto Cloud Mining $2.3M 5 DMEX | $1.0M | Seed Link
35-- P2P Crypto Based Money Transfer $1.5M 1 Bitwage | $1.5M | Seed Link
36▼1 Cryptocurrencies for Money Transfer $1.2M 1 AirWire | $1.2M | Seed Link
37▼10 Crypto Based Equity Crowdfunding $100K 1 InfinityPad | $100K | Seed Link
38-- Blockchain Services $100K 1 Esatya | $100K | Seed Link

Recent Funding Rounds
Crypto Trading Platforms
01
8
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$3.5B (▲1701%)
58(▲132%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
23
$4.7B
198
1
1968
38
Cryptocurrencies (ConsenSys)
(# Cos: 16915 | $22.1B)
Financial Services (Bitso)
(# Cos: 11514 | $17.0B)
Investment Industry (Coinbase)
(# Cos: 8429 | $10.0B)
Online Trading Platforms (Gemini)
(# Cos: 2978 | $5.8B)
Regular Trading (FTX)
(# Cos: 1968 | $4.7B)
FTX
(2018, Bahamas, $1.3B)
Gemini
(2015, United States, $400M)
Bitso
(2014, Mexico, $331M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
FTX (2018, Bahamas)
$900M - Series B - Jul 2021
MoonPay (2019, United States)
$555M - Series A - Oct 2021
FTX (2018, Bahamas)
$421M - Series B - Oct 2021
Gemini (2015, United States)
$400M - Series A - Nov 2021
Bitpanda (2014, Austria)
$263M - Series C - Aug 2021
Bitso (2014, Mexico)
$250M - Series C - May 2021
FalconX (2018, Malta)
View all 58 Funding Rounds on Tracxn Platform

Celsius Netw.. (2017, United Kingdom)
$750M - Series B - Oct 2021
Circle (2013, United States)
$440M - Series F - May 2021
BlockFi (2017, United States)
$350M - Series D - Mar 2021
Fireblocks (2018, United States)
$310M - Series D - Jul 2021
$133M - Series C - Mar 2021
Matrixport (2019, Singapore)
Amber Group (2017, China)
$100M - Series B - Jun 2021
Cryptocurrencies Based Financial
Services
02
9
Back to index
Cryptocurrencies (FTX)
(# Cos: 16915 | $22.1B)
Financial Services (Coinbase)
(# Cos: 11514 | $17.0B)
Diversified (Celsius Network)
(# Cos: 878 | $4.1B)
Taxonomy
Key Stats
$2.3B (▲320%)
64(▲137%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
12
$4.1B
209
4
878
42
Celsius Network
(2017, United Kingdom, $780M)
Uphold
(2015, United Kingdom, $73.4M)
Abra
(2014, United States, $90.0M)

Crypto Exchanges
03
10
Back to index
Taxonomy
Key Stats
$1.2B (▲1056%)
57(▲96.6%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
47
$2.5B
295
1
4032
45
Cryptocurrencies (Bitso)
(# Cos: 16915 | $22.1B)
Financial Services (Gemini)
(# Cos: 11514 | $17.0B)
Investment Industry (FTX)
(# Cos: 8429 | $10.0B)
Crypto Exchanges (Coinbase)
(# Cos: 4032 | $2.5B)
Coinbase
Blockchain
(2011, Luxembourg, $590M)
CoinSwitch
(2017, India, $302M)
Blockchain (2011, Luxembourg)
CoinSwitch (2017, India)
$260M - Series C - Oct 2021
$120M - Series C - Feb 2021
$100M - Series C - Apr 2021
CoinDCX (2018, India)
$90.0M - Series C - Jun 2021
Korbit (2013, South Korea)
$75.2M - Series B - Nov 2021
Rain (2016, Bahrain)
$75.0M - Series B - Nov 2021

Dapp Development Platforms
04
11
Back to index
Blockchain Infrastructure (Terra)
(# Cos: 2267 | $10.4B)
Application Development Platforms
(ConsenSys)
(# Cos: 488 | $3.2B)
Taxonomy
Key Stats
$1.2B (▲690%)
50(▲194%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
12
$3.2B
189
1
488
39
ConsenSys
StarkWare
(2018, Israel, $162M)
Digital Asset
Forte (2016, United States)
$725M - Series B - Nov 2021
Alchemy (1993, United States)
$250M - Series C - Oct 2021
ConsenSys (2014, United States)
$200M - Series D - Nov 2021
$185M - Series A - May 2021
Digital Asset (2014, United States)
$120M - Series D - Apr 2021
Figment (2018, Canada)
$110M - Series C - Dec 2021
Alchemy (1993, United States)
$80.0M - Series B - Apr 2021

Blockchain Networks
05
12
Back to index
Blockchain Infrastructure (ConsenSys)
(# Cos: 2267 | $10.4B)
Blockchain Network (Terra)
(# Cos: 691 | $2.9B)
Taxonomy
Key Stats
$761M (▲1607%)
110(▲323%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
15
$2.9B
352
4
691
59
Terra
(2018, South Korea, $125M)
Algorand
Ripple
Solana (2017, United States)
$314M - Series C - Jun 2021
2TM (2013, Brazil)
1inch (2020, United Kingdom)
$175M - Series B - Dec 2021
Chia Network (2017, United States)
$61.0M - Series D - May 2021
Luniverse (2018, South Korea)
$60.0M - Series B - Dec 2021
2TM (2013, Brazil)
$50.3M - Series B - Nov 2021
Solana (2017, United States)
$40.0M - Series B - Mar 2021

Blockchain Development Services
06
13
Back to index
Blockchain Services (Quantstamp)
(# Cos: 2471 | $778M)
Development (IOHK)
(# Cos: 1889 | $736M)
Taxonomy
Key Stats
$647M (▲ >10K%)
25(▲213%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
20
$736M
249
16
1889
2
IOHK
(2015, Singapore)
Blockchainspace
(2018, Philippines, $6.2M)
Accubits
(2012, India)
Genesis Digi.. (2021, United Kingdom)
$431M - Series D - Sep 2021
Genesis Digi.. (2021, United Kingdom)
Colony (2021, Seychelles)
$18.5M - Seed - Nov 2021
Prometheum (1999, United States)
$15.0M - Series B - Jan 2021
Blofin (2020, China)
$12.0M - Series A - Sep 2021
Blofin (2020, China)
$10.0M - Series A - Mar 2021
SheeldMarket (2019, France)
$10.0M - Series A - Oct 2021

Chainalysis (2014, United States)
$100M - Series E - Jun 2021
TRM (2018, United States)
$60.0M - Series B - Dec 2021
Elliptic (2014, United Kingdom)
$60.0M - Series C - Oct 2021
Iron Fish (2020, United States)
$27.7M - Series A - Nov 2021
Blockchain Security
07
14
Back to index
(# Cos: 2267 | $10.4B)
Enablers (Elliptic)
(# Cos: 334 | $1.5B)
Security (Chainalysis)
(# Cos: 137 | $1.4B)
Taxonomy
Key Stats
$542M (▲740%)
29(▲142%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$1.4B
57
1
137
18
Chainalysis
Elliptic
Fireblocks

2TM (2013, Brazil)
2TM (2013, Brazil)
$50.3M - Series B - Nov 2021
Axoni (2013, United States)
$31.0M - Series B - Feb 2021
Anoma Foundation (2020, Switzerland)
$26.0M - Series B - Nov 2021
TBCASoft (2016, United States)
$25.0M - Series B - Aug 2021
Terra (2018, South Korea)
$25.0M - Series B - Jan 2021
Parallel Fina.. (2021, United States)
$22.0M - Series A - Aug 2021
Blockchain in Financial Services
08
15
Back to index
(# Cos: 2267 | $10.4B)
Blockchain Network (Algorand)
(# Cos: 691 | $2.9B)
Finance (Terra)
(# Cos: 243 | $1.3B)
Taxonomy
Key Stats
$511M (▲1727%)
56(▲273%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$1.3B
134
2
243
30
Terra
(2018, South Korea, $125M)
Algorand
Ripple

Blockchain Compliance and Risk
Management
09
16
Back to index
Taxonomy
Key Stats
$439M (▲269%)
16(▲220%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$685M
26
-
54
8
(# Cos: 2267 | $10.4B)
Enablers (Fireblocks)
(# Cos: 334 | $1.5B)
Security (Elliptic)
(# Cos: 137 | $1.4B)
Compliance and Risk
Management (Chainalysis)
(# Cos: 54 | $685M)
Chainalysis
Elliptic
TRM
$100M - Series E - Jun 2021
TRM (2018, United States)
$60.0M - Series B - Dec 2021
Elliptic (2014, United Kingdom)
$60.0M - Series C - Oct 2021
Solidus Labs (2017, United States)
$20.0M - Series A - May 2021
XREX (2018, Taiwan)
$17.0M - Seed - Aug 2021
Cozy Finance (2020, United States)
$15.1M - Series A - May 2021

Offline Crypto Wallet Devices
10
17
Back to index
Taxonomy
Key Stats
$382M (▲2124%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$533M
21
-
155
4
Cryptocurrencies (Coinbase)
(# Cos: 16915 | $22.1B)
Wallet (Luno)
(# Cos: 1309 | $1.1B)
Cold Wallets (ZenGo)
(# Cos: 463 | $663M)
Hardware (Ledger)
(# Cos: 155 | $533M)
Ledger
(2014, France, $466M)
Coolwallet
(2014, Taiwan, $13.5M)
Tangem
(2017, Switzerland, $15.0M)
Ledger (2014, France)
$380M - Series C - Jun 2021
Foundation De.. (2020, United States)
$2.0M - Seed - Jun 2021

Masterworks (2017, United States)
$110M - Series A - Oct 2021
MobileCoin (2018, United States)
$75.0M - Series B - Jul 2021
$66.0M - Series B - Aug 2021
Eco (2018, United States)
$60.0M - Series C - Jul 2021
Eco (2018, United States)
$26.0M - Series B - Mar 2021
$11.3M - Series B - Feb 2021
Siglo (2018, Gibraltar)
$125K - Seed - Sep 2021
Cryptocurrencies for Payments
11
18
Back to index
(# Cos: 16915 | $22.1B)
Coins (TrustToken)
(# Cos: 2002 | $1.2B)
Payments (Dash)
(# Cos: 1112 | $573M)
Taxonomy
Key Stats
$349M (▲244%)
7(▲133%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$573M
64
3
1112
7
Dash
MobileCoin
Codex Protocol

Smart Contracts
12
19
Back to index
(# Cos: 2267 | $10.4B)
Smart Contracts (Symbiont)
(# Cos: 224 | $356M)
Taxonomy
Key Stats
$234M (▲1013%)
22(▲144%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$356M
83
-
224
12
Symbiont
Clause
Luther Systems
Offchain Labs (2018, United States)
$100M - Series B - Aug 2021
Optimism (2019, United States)
$25.0M - Series A - Feb 2021
SIMBA Chain (2017, United States)
$25.0M - Series A - Aug 2021
Forta (2016, Switzerland)
$23.0M - Series B - Sep 2021
Offchain Labs (2018, United States)
$20.0M - Series A - Apr 2021
Eden Network (2021)
$17.4M - Seed - Sep 2021
Tenderly (2018, Serbia)
$15.3M - Series A - Jul 2021

Sygnum (2018, Switzerland)
$120M - Series B - Jan 2022
Dicalet (2018, Japan)
$61.6M - Series C - Mar 2021
Nuri (2013, Germany)
$10.7M - Series B - Jun 2021
The Luxury B.. (2018, United Kingdom)
$10.0M - Series A - Oct 2021
Ziglu (2018, United Kingdom)
$7.1M - Series A - Oct 2021
Galoy (2019, United States)
$3.0M - Seed - Dec 2021
Ziglu (2018, United Kingdom)
$1.4M - Seed - Sep 2021
Crypto Banks
13
20
Back to index
(# Cos: 16915 | $22.1B)
(# Cos: 11514 | $17.0B)
Banking (Sygnum)
(# Cos: 215 | $488M)
Taxonomy
Key Stats
$215M (▲110%)
10(▼9.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$488M
39
-
215
11
Sygnum
(2018, Switzerland, $120M)
billon
(2012, Poland, $16.0M)
Ziglu

Crypto Mobile Wallets
14
21
Back to index
Taxonomy
Key Stats
$153M (▲103%)
20(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
12
$387M
78
1
520
13
(# Cos: 16915 | $22.1B)
Wallet (Ledger)
(# Cos: 1309 | $1.1B)
Hot Wallets (BRD)
(# Cos: 786 | $424M)
Mobile Wallets (Luno)
(# Cos: 520 | $387M)
Luno
BRD
Argent
Cobo (2017, Singapore)
$40.0M - Series B - Sep 2021
imToken (2016, Singapore)
$30.0M - Series B - Mar 2021
Valora (2020, Canada)
$20.0M - Series A - Jul 2021
Bottlepay (2015, United Kingdom)
$15.5M - Seed - Feb 2021
Coin98 (2016, Vietnam)
$11.3M - Series B - Jul 2021
Coinme (2014, United States)
$10.0M - Series A - Jun 2021
Mercuryo (2018, Estonia)
$7.5M - Series A - Jun 2021

Rhodium (2021, United States)
$86.9M - Series C - Oct 2021
Blockware Min.. (2019, United States)
$25.0M - Series B - Jun 2021
Gryphon Digit.. (2020, United States)
$14.0M - Series A - Mar 2021
ePIC Blockchain (2017, Canada)
$7.5M - Series A - Apr 2021
Gryphon Digit.. (2020, United States)
$6.7M - Series A - Jun 2021
CCM (2021, United States)
$2.5M - Seed - Jun 2021
Arthur Mining (2019, United States)
$2.0M - Seed - Sep 2021
Cryptocurrency Mining Hardware
Providers
15
22
Back to index
(# Cos: 16915 | $22.1B)
Mining (Helium)
(# Cos: 2036 | $2.1B)
Hardware (Bitmain)
(# Cos: 241 | $1.4B)
Taxonomy
Key Stats
$148M (▲1917%)
12(▲500%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$1.4B
41
8
241
11
Bitmain
(2013, China, $950M)
Bitfury
Spondoolies Tech
(2013, Israel, $12.0M)

Helium (2006, United States)
$111M - Series D - Aug 2021
Zhipu Huazhang (2018, China)
$15.5M - Series A - Sep 2021
Satoshi Energy (2018, United States)
$2.4M - Seed - Oct 2021
Elite Mining (2017, United States)
$109K - Series A - May 2021
Cryptocurrency Mining Software
Providers
16
23
Back to index
(# Cos: 16915 | $22.1B)
Mining (Bitmain)
(# Cos: 2036 | $2.1B)
Software (Helium)
(# Cos: 144 | $257M)
Taxonomy
Key Stats
$129M (▲ >10K%)
4(▲300%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$257M
16
4
144
3
Helium
Hut 8 Mining
(2011, Canada)
CryptoTab
(2020, Estonia)

Cryptocurrency Research Platforms
17
24
Back to index
Taxonomy
Key Stats
$110M (▲1051%)
9(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$157M
43
1
380
6
Cryptocurrencies (Gemini)
(# Cos: 16915 | $22.1B)
Financial Services (FTX)
(# Cos: 11514 | $17.0B)
(# Cos: 8429 | $10.0B)
Research Platforms (Messari)
(# Cos: 380 | $157M)
Messari
skew.
Nansen
(2019, $88.2M)
Nansen (2019)
$75.0M - Series B - Dec 2021
Messari (2018, United States)
$21.0M - Series A - Aug 2021
Nansen (2019)
$12.0M - Series A - Jun 2021
Dune Analytics (2018, Norway)
$8.0M - Series A - Aug 2021
Hawksight.co (2021, Singapore)
$4.2M - Series A - Dec 2021
SakePerp (2020, Singapore)
$3.0M - Seed - Apr 2021
Whalemap (2020, United Kingdom)
$1.6M - Seed - Dec 2021

NFT Marketplaces
18
25
Back to index
Taxonomy
Key Stats
$78.5M (▲4386%)
13(▲550%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.0B
13
-
19
6
Blockchain Infrastructure (Terra)
(# Cos: 2267 | $10.4B)
Application Development Platforms
(ConsenSys)
(# Cos: 488 | $3.2B)
NFT Developer Tools (Boson Protocol)
(# Cos: 19 | $1.0B)
NFT Marketplaces (Forte)
(# Cos: 19 | $1.0B)
Forte
Boson Protocol
Enjin
(2009, Singapore)
$725M - Series B - Nov 2021
$185M - Series A - May 2021
Recur (2021, United States)
$50.0M - Series A - Sep 2021
Guardian Link (2020, India)
$12.0M - Series A - Nov 2021
Boson Protocol (2019, United Kingdom)
$10.0M - Series A - Mar 2021
Pixura (2018, United States)
Recur (2021, United States)
$5.0M - Seed - Mar 2021

Smart Contract Security
19
26
Back to index
Smart Contracts (AVA)
(# Cos: 336 | $573M)
Contract Security (AnChain.ai)
(# Cos: 37 | $98.8M)
Taxonomy
Key Stats
$72.7M (▲206%)
6(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$98.8M
14
-
37
4
AnChain.ai
Quantstamp
(2017, United States, $150K)
Forta
Forta (2016, Switzerland)
$23.0M - Series B - Sep 2021
Eden Network (2021)
$17.4M - Seed - Sep 2021
Cozy Finance (2020, United States)
$15.1M - Series A - May 2021
AnChain.ai (2018, United States)
$10.0M - Series A - Aug 2021
Certora (2012, Israel)
$7.2M - Series A - May 2021
WallStreetNinja (2021, United States)
Undisclosed - Angel - Nov 2021

Crypto Portfolio Management
20
27
Back to index
Taxonomy
Key Stats
$60.3M (▲1910%)
24(▲500%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$175M
68
-
381
11
(# Cos: 16915 | $22.1B)
(# Cos: 11514 | $17.0B)
(# Cos: 8429 | $10.0B)
Trading Enablers (Talos)
(# Cos: 560 | $471M)
Portfolio Management (Blockfolio)
(# Cos: 381 | $175M)
Blockfolio
Zerion
Balancer
(2019, $12.0M)
Sommelier (2020, United States)
$23.0M - Series A - Oct 2021
Zapper (2020, United States)
$17.2M - Series A - May 2021
TokenSets (2017, United States)
$14.0M - Series A - May 2021
InstaDApp (2018, India)
$10.0M - Series A - Jun 2021
Blockpit (2017, Austria)
$10.0M - Series A - Jul 2021
Zerion (2016, United States)
$8.2M - Series A - Jul 2021
Cryptocurrenc.. (2017, United States)

Tokens.com (2020, Canada)
$25.0M - Series B - Jan 2021
BitDeer (2013, China)
$12.0M - Series B - Apr 2021
Compute North (2017, United States)
$10.0M - Series A - Feb 2021
Titan (2018)
$6.0M - Series A - Nov 2021
ClayStack (2020, Singapore)
$5.2M - Seed - Jul 2021
Compute North (2017, United States)
MonoX Protocol (2021, Singapore)
$5.0M - Series A - Sep 2021
Crypto Pool Mining
21
28
Back to index
(# Cos: 16915 | $22.1B)
Mining (Bitmain)
(# Cos: 2036 | $2.1B)
Pool Mining (Staked)
(# Cos: 423 | $101M)
Taxonomy
Key Stats
$48.7M (▲6617%)
18(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$101M
58
2
423
7
Staked
ViaBTC
(2016, China, $2.9M)
Tokens.com
(2020, Canada, $25.0M)

Softwares for Crypto Cold Wallets
22
29
Back to index
Taxonomy
Key Stats
$41.1M (▲62.9%)
3(▼40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$130M
39
-
287
5
(# Cos: 16915 | $22.1B)
Wallet (Luno)
(# Cos: 1309 | $1.1B)
Cold Wallets (Ledger)
(# Cos: 463 | $663M)
Software (ZenGo)
(# Cos: 287 | $130M)
ZenGo
(2017, Israel, $28.0M)
Xapo
MathWallet
(2018, Singapore, $19.8M)
ZenGo (2017, Israel)
$20.0M - Series A - Apr 2021
Bitski (2008, United States)
$19.0M - Series A - May 2021
Revest (2021)
$2.1M - Seed - Sep 2021

Cryptocurrency Market Makers
23
30
Back to index
Taxonomy
Key Stats
$39.8M (▼1.9%)
7( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$82.7M
11
-
14
4
(# Cos: 16915 | $22.1B)
(# Cos: 11514 | $17.0B)
(# Cos: 8429 | $10.0B)
Crypto Market Makers
(Wintermute)
(# Cos: 14 | $82.7M)
Wintermute
Keyrock
(2017, Belgium, $7.4M)
ParaSwap
(2019, France, $5.7M)
Wintermute (2008, United States)
$20.0M - Series B - Jan 2021
Saddle (2020)
Saddle (2020)
$4.3M - Seed - Jan 2021
ParaSwap (2019, France)
$3.0M - Seed - May 2021
Primitive (2020, United States)
$3.0M - Seed - Jun 2021
Convergence Finance (2021, China)
$2.0M - Seed - Feb 2021
Convergence Finance (2021, China)
Undisclosed - Seed - Mar 2021

Celo (2011, United States)
$20.0M - Series B - Feb 2021
TrustToken (2017, United States)
$12.5M - Series A - Aug 2021
JPYC (2019, Japan)
BlockSwap Net.. (2020, United States)
$2.5M - Seed - Mar 2021
StableCorp (2019, Canada)
$1.6M - Seed - Feb 2021
CACHE Gold (2018, Singapore)
$1.4M - Seed - Jul 2021
Float Protocol (2021)
$1.2M - Seed - Sep 2021
Stable Coins
24
31
Back to index
(# Cos: 16915 | $22.1B)
Coins (Ripple)
(# Cos: 2002 | $1.2B)
Stable Coins (TrustToken)
(# Cos: 352 | $316M)
Taxonomy
Key Stats
$39.7M (▲607%)
12(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$316M
62
-
352
8
TrustToken
Celo
Basis

IT Solutions for Crypto Exchanges
25
32
Back to index
Taxonomy
Key Stats
$35.0M (▲254%)
2(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$101M
22
-
106
5
(# Cos: 16915 | $22.1B)
(# Cos: 11514 | $17.0B)
(# Cos: 8429 | $10.0B)
Trading Enablers (Blockfolio)
(# Cos: 560 | $471M)
Crypto Exchanges (Gem)
(# Cos: 106 | $101M)
Gem
Alt 5 Sigma
(2017, United States, $241K)
Quoine
(2014, Japan, $22.0M)
XanPool (2018, China)
$27.0M - Series A - Oct 2021
X-Margin (2019, United States)

Crypto Based Lending Platforms
26
33
Back to index
Taxonomy
Key Stats
$28.5M (▲488%)
19(▲46.2%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$492M
59
-
213
18
(# Cos: 16915 | $22.1B)
(# Cos: 11514 | $17.0B)
Lending (Aave)
(# Cos: 276 | $545M)
Consumer Loans (Compound)
(# Cos: 221 | $492M)
Personal Loans (Airfox)
(# Cos: 213 | $492M)
Airfox
Compound
Aave
Yuanbao (2014, China)
$156M - Series C - May 2021
Ledn (2018, Canada)
$70.0M - Series B - Dec 2021
Ledn (2018, Canada)
$30.0M - Series A - May 2021
TrueFi (2017, United States)
$12.5M - Series B - Aug 2021
Notional (2020, United States)
$11.3M - Series A - Apr 2021
Yield (2020, United States)
$10.0M - Series A - Jun 2021
Euler (2020, United Kingdom)
$8.0M - Series A - Aug 2021

Blockchain Consulting Services
27
34
Back to index
(# Cos: 2472 | $778M)
Consulting (Papers)
(# Cos: 398 | $35.4M)
Taxonomy
Key Stats
$27.9M (▲ >10K%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$35.4M
53
2
398
0
Papers
(2009, Switzerland)
Genesis Block
Smart Contract
(2015, Japan)
Coinone (2014, South Korea)
$27.9M - Series B - Apr 2021
Hypermine (2017, India)
$30.0K - Seed - Feb 2021

DApps Development
28
35
Back to index
(# Cos: 336 | $573M)
DApps Development (Blockstack)
(# Cos: 26 | $82.3M)
Taxonomy
Key Stats
$25.0M (▲1067%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$82.3M
14
-
26
1
Blockstack
SIMBA Chain
Cartesi
(2017, Singapore)
SIMBA Chain (2017, United States)
$25.0M - Series A - Aug 2021

Worldcoin (2019, United States)
$25.0M - Series B - Oct 2021
General Purpose Cryptocurrencies
29
36
Back to index
(# Cos: 16915 | $22.1B)
Coins (TrustToken)
(# Cos: 2002 | $1.2B)
General Purpose (Worldcoin)
(# Cos: 356 | $32.1M)
Taxonomy
Key Stats
$25.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$32.1M
22
-
356
1
Worldcoin
Zcash Electric Coin Co..
Portion

Crypto Based Online Business Payments
30
37
Back to index
Taxonomy
Key Stats
$11.6M (▲83.9%)
9(▲125%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$152M
66
1
499
4
(# Cos: 16915 | $22.1B)
(# Cos: 11514 | $17.0B)
Payments (BitPay)
(# Cos: 1091 | $599M)
Business Payments (GreenBox POS)
(# Cos: 739 | $224M)
Online Payments (Simplex)
(# Cos: 499 | $152M)
Simplex
(2014, Israel, $19.0M)
CoinPayments
(2013, Canada, $100K)
UTRUST
(2017, Switzerland)
Wyre (2013, United States)
$5.8M - Series A - Jan 2021
Public Mint (2018, United Kingdom)
$2.5M - Seed - Feb 2021
Moon Technolo.. (2018, United States)
MugglePay (2019, Singapore)
$1.0M - Seed - Apr 2021
Mazzuma (2015, Ghana)
$125K - Seed - Nov 2021
CityPay (2020, Georgia)
$100K - Angel - Nov 2021
Suterusu (2019, Singapore)
Undisclosed - Seed - May 2021

Smart Contract Development
31
38
Back to index
(# Cos: 336 | $573M)
Contract Development (InfStones)
(# Cos: 115 | $48.0M)
Taxonomy
Key Stats
$8.3M (▲40.2%)
9(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$48.0M
33
-
115
4
InfStones
UMA
Gelato
(2020, Germany, $12.2M)
Gelato (2020, Germany)
$11.0M - Series A - Sep 2021
InfStones (2018, United States)
$10.0M - Series A - Aug 2021
ParaState (2020, Singapore)
Plasm Network (2019, Japan)
$2.4M - Seed - Feb 2021
Esprezzo (2017, United States)
$2.0M - Seed - Mar 2021
ParaState (2020, Singapore)
$1.3M - Seed - Jan 2021
Forward Protocol (2021, Panama)
$1.3M - Seed - Dec 2021

Cryptocurrencny Algo Trading Platforms
32
39
Back to index
Taxonomy
Key Stats
$5.7M (▲351%)
9(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$110M
55
-
836
4
Cryptocurrencies (Bitso)
(# Cos: 16915 | $22.1B)
Financial Services (Gemini)
(# Cos: 11514 | $17.0B)
(# Cos: 8429 | $10.0B)
Online Trading Platforms (FTX)
(# Cos: 2978 | $5.8B)
Algo Trading (3Commas)
(# Cos: 836 | $110M)
3Commas
(2017, Canada, $3.0M)
Mudrex
(2018, India, $3.4M)
Crypto Facilities
Paradigm (2010, United States)
$39.5M - Series A - Dec 2021
Stacked (2020, United States)
$35.0M - Series A - Dec 2021
Hummingbot (2018, United States)
Zignaly (2018, Singapore)
$3.0M - Series A - Mar 2021
Mudrex (2018, India)
$2.5M - Seed - Aug 2021
Coinrule (2017, United Kingdom)
$2.2M - Seed - Sep 2021
Raison (2017, Estonia)
$900K - Seed - Dec 2021

Defined (2021, Finland)
$2.5M - Seed - May 2021
Covalent (2018, Canada)
$2.0M - Series A - Mar 2021
Blockchain Explorers
33
40
Back to index
(# Cos: 2267 | $10.4B)
Enablers (Chainalysis)
(# Cos: 334 | $1.5B)
Blockchain Explorer (TradeBlock)
(# Cos: 178 | $38.4M)
Taxonomy
Key Stats
$4.5M (▼6.3%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$38.4M
21
-
178
2
TradeBlock
Covalent
(2018, Canada, $5.1M)
BTC.com
(2015, China)

DMEX (2013, United Kingdom)
$1.0M - Seed - Feb 2021
HASHWATT (2018, United States)
$875K - Seed - Apr 2021
Blockmetrix (2017, United States)
$390K - Seed - Dec 2021
Solteir (2021)
Undisclosed - Seed - Oct 2021
BitFuFu (2020, China)
Undisclosed - Seed - Apr 2021
Crypto Cloud Mining
34
41
Back to index
(# Cos: 16915 | $22.1B)
Mining (Bitmain)
(# Cos: 2036 | $2.1B)
Cloud Mining (Marathon)
(# Cos: 1221 | $69.6M)
Taxonomy
Key Stats
$2.3M (▲106%)
5(▲400%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$69.6M
42
4
1221
1
Marathon
Cryptologic
(1996, Canada, $8.5M)
Bitfarms
(2017, Canada)

Bitwage (2013, United States)
$1.5M - Seed - Oct 2021
P2P Crypto Based Money Transfer
35
42
Back to index
(# Cos: 16915 | $22.1B)
(# Cos: 11514 | $17.0B)
P2P Money Transfer (Skrill)
(# Cos: 190 | $58.9M)
Taxonomy
Key Stats
$1.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$58.9M
33
-
190
3
Skrill
Colu
(2014, Israel, $26.6M)
Metal Pay

AirWire (2018, United States)
$1.2M - Seed - Sep 2021
Cryptocurrencies for Money Transfer
36
43
Back to index
(# Cos: 16915 | $22.1B)
Coins (TrustToken)
(# Cos: 2002 | $1.2B)
Money Transfer (Ripple)
(# Cos: 122 | $296M)
Taxonomy
Key Stats
$1.2M (▲860%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$296M
8
-
122
1
Ripple
Htmlcoin
AirWire

Crypto Based Equity Crowdfunding
37
44
Back to index
Taxonomy
Key Stats
$100K (▼96.7%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$11.0M
12
-
88
1
(# Cos: 16915 | $22.1B)
(# Cos: 11514 | $17.0B)
Crowdfunding (Pei)
(# Cos: 231 | $61.8M)
Equity (Topl)
(# Cos: 88 | $11.0M)
Topl
Koinify
InvestoLand
(2018, Argentina, $2.4M)
InfinityPad (2021, Italy)
$100K - Seed - Oct 2021

Blockchain Services
38
45
Back to index
(# Cos: 2474 | $778M)
Horizontal (Graph Blockchain)
(# Cos: 90 | $3.1M)
Taxonomy
Key Stats
$100K ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$3.1M
9
1
90
0
Graph Blockchain
(2017, Canada, $3.0M)
BTblock
Coinstreet
(2017, China)
Esatya (2018, Nepal)
$100K - Seed - Jun 2021

Recent funding rounds
Investment Trends
Most Active Investors
Top Funded Business Models
Explore more on Tracxn
All Tech Companies
US Tech Companies
Online Travel Companies
Companies using AI in Healthcare
Companies founded by Stanford GSB Alumni
Soonicorn club in Fintech
Analyst Picks in Israel Tech
Key News in FinTech
Events in Bay Area
Angel Investors in United States
Bluebox
Companies Investment Activity
Miscellaneous
Company Detail Page of DoorDash
Competitors of Freshworks
Cap Table for TransferWise
Financials for Ola
Employee Count for Revolut
Company Due Diligence Exits
Public Companies
Acquired Companies
Most Active Acquirers
Reports
Delhivery - Company Report
Novel Foods - Business Model Report
HRTech - Feed Report
FinTech - Top Business Models Report
US Tech - Top Business Models Report
US Tech - Monthly Report
46

Explore other Reports on Tracxn
HRTech
InsurTech
Food Tech
Novel Foods
Blockchain Network
P2P Remittance
Business Model Reports
FinTech Europe
Consumer Digital SEA
HiTech US
Feed Geo Reports
Company Reports
Monthly Unicorn Report
Unicorn Reports
Transferwise
Coursera
BigBasket
Feed Reports Top Business Models in PA
FinTech
Enterprise Applications
Artificial Intelligence
Geo Monthly Reports
US Tech
Europe Tech
China Tech
Top Business Models in Geo
India Tech
Israel Tech
UK & Ireland Tech
47

Thank You
48
Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Limited including but not limited to the information
contained herein ("Data") is the sole property of Tracxn Technologies Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or sell the Data or any portion
thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any portion thereof; to any other party, except
with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the Data into analysis, presentations or tools for your
customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information.
For further information please refer to our Terms of Use at www.tracxn.com

Tracxn - Top Business Models -Blockchain Technology - Jan 2022

Recommended

Recommended

More Related Content

Similar to Tracxn - Top Business Models -Blockchain Technology - Jan 2022

Similar to Tracxn - Top Business Models -Blockchain Technology - Jan 2022 (20)

More from Tracxn

More from Tracxn (20)

Recently uploaded

Recently uploaded (20)

Tracxn - Top Business Models -Blockchain Technology - Jan 2022