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1. TRACXN TOP BUSINESS MODELS REPORT
March 23, 2022
BLOCKCHAIN TECHNOLOGY

2. Blockchain Technology - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
Blockchain Technology Funding Overview 3
Top Funded Business Models 4
One Pagers 9
Appendix 59
2

3. Blockchain Technology - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Funding in last 1 year
3
Cryptocurrencies $15.4B
Blockchain Infrastructure $9.7B
Blockchain Services $756M
Smart Contracts $610M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
AU21 Capital
Animocabrands
LD Capital
49
42
41
Early
Stage
Coinbase
Alameda Research
Andreessen Horowitz
47
38
37
Late
Stage
Andreessen Horowitz
Alameda Research
Coatue
13
9
8
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
United States (50%)
United Kingdom (8%)
Bahamas (6%)
France (4%)
Singapore (4%)
Canada (4%)
Israel (4%)
Others (20%)
$ 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
MoonPay
(2019, United States)
$555M - Series A
Fireblocks
(2018, United States)
$550M - Series E
ConsenSys
(2014, United States)
$450M - Series D
Circle
(2013, United States)
$440M - Series F
Genesis Digital Assets
(2021, United Kingdom)
$431M - Series D
FTX
(2018, Bahamas)
$421M - Series B
Gemini
(2015, United States)
$400M - Series A
Secret Network
(2020, United States)
$400M - Series C

4. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1<> 0 Cryptocurrency Trading Platforms $4.4B 66 FTX | $900M | Series B Link
2▲6 Dapp Development Platforms $2.1B 48 Forte | $725M | Series B Link
3▲7 Blockchain Networks $1.5B 125 SCRT Labs | $400M | Series D Link
4<> 0 Cryptocurrency Custodian Services $1.4B 15 Fireblocks | $550M | Series E Link
5<> 0 Blockchain Security $1.3B 29 Fireblocks | $550M | Series E Link
6▼4 Cryptocurrency Exchanges $1.2B 67 CoinSwitch | $260M | Series C Link
7▼4 Crypto Financial Services $821M 64 Paxos | $300M | Series D Link
8▲11 Crypto Based Personal Loans $786M 27 Celsius Network | $750M | Series B Link
9▲14 Blockchain Development Services $700M 29 Genesis Digit.. | $431M | Series D Link
10▲2 Blockchain in Financial Services $486M 55 2TM | $200M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11▼4 Blockchain Compliance and Risk Management $437M 16 Chainalysis | $100M | Series E Link
12▲2 Cryptocurrency Banking $327M 10 Sygnum | $120M | Series B Link
13▼7 Cryptocurrencies for Payments $312M 5 Masterworks | $110M | Series A Link
14▲3 P2P Crypto Loans $296M 14 Yuanbao | $156M | Series C Link
15▼4 Cryptocurrency Compliance Management $261M 9 Lukka | $110M | Series E Link
16▲6 Smart Contracts $188M 18 Offchain Labs | $100M | Series B Link
17▲3 Sustainable Crypto Mining $183M 3 Stronghold Di.. | $105M | Series D Link
18▼9 Cryptocurrency Mobile Wallets $161M 21 Cobo | $40.0M | Series B Link
19▼3 Decentralized Cryptocurrency Exchanges $159M 26 1inch | $175M | Series B Link
20▲12 Cryptocurrency Trading Bots $143M 7 Zignaly | $50.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21▲16 Browser Based Crypto Wallets $134M 8 Phantom | $109M | Series B Link
22▲3 Crypto Based Pool Mining $124M 21 Circle | $440M | Series F Link
23▲4 Cryptocurrency Research Platforms $110M 11 Nansen | $75.0M | Series B Link
24▲17 Smart Contract Security $72.7M 6 Forta | $23.0M | Series B Link
25▲1 Cryptocurrency Portfolio Management $64.8M 32 CoinTracker | $100M | Series A Link
26-- General Purpose Cryptocurrencies $61.9M 3 FlyCoin | $33.0M | Seed Link
27▲16 Cryptocurrency Data Providers $53.1M 5 Kaiko | $24.0M | Series A Link
28▲12 Crypto Cloud Mining $50.9M 5 Blockmetrix | $43.0M | Series B Link
29▲6 White Label Cryptocurrency Exchanges $35.0M 2 XanPool | $27.0M | Series A Link
30▼6 Crypto Payment Gateways $34.7M 11 OpenNode | $20.0M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31-- Crypto Based Business Loans $29.2M 11 Goldfinch | $25.0M | Series A Link
32▲6 Cryptocurrencny Algo Trading Platforms $28.4M 15 Zignaly | $50.0M | Series B Link
33▲11 Blockchain Consulting Services $27.9M 1 Coinone | $27.9M | Series B Link
34▼16 Cryptocurrency Options Trading Platform $27.5M 12 HXRO | $34.0M | Series C Link
35-- DApps Development $25.0M 1 SIMBA Chain | $25.0M | Series A Link
36▲6 Cryptocurrency Payments $22.6M 6 Zebec | $15.0M | Series A Link
37-- Software for Cryptocurrency Mining $19.8M 4 Zhipu Huazhang | $15.5M | Series A Link
38▼23 Stable Cryptocurrencies $18.1M 11 TrustToken | $12.5M | Series A Link
39▼26 Cryptocurrency Market Makers $10.5M 4 Saddle | $7.5M | Series A Link
40-- Cryptocurrency Accounting Solutions $7.3M 9 BitDAO | $230M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41▼12 Smart Contract Development $7.0M 8 InfStones | $37.5M | Series B Link
42▼8 Blockchain Explorers $6.0M 3 Defined | $2.5M | Seed Link
43▼22 Crypto Liquidity Pools $3.0M 4 Folks Finance | $3.0M | Seed Link
44▼14 Decentralised Oracle Network $2.3M 3 Switchboard | $3.5M | Seed Link
45-- Cryptocurrency Mining $1.9M 17 Helium | $200M | Series E Link
46-- P2P Crypto Based Money Transfer $1.5M 2 Bitwage | $1.5M | Seed Link
47-- Cryptocurrencies for Money Transfer $1.2M 1 AirWire | $1.2M | Seed Link
48-- Regtech Solutions For Cryptocurrencies $1.1M 1 10XTS | $1.1M | Seed Link
49-- Blockchain Services $100K 2 Esatya | $100K | Seed Link
50▼11 Crypto Based Equity Crowdfunding $100K 1 InfinityPad | $100K | Seed Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Trading Platforms
01
9
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$4.4B (▼17.9%)
66(▲65%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
25
$11.6B
219
2
2121
47
Cryptocurrencies (Terra)
(# Cos: 18045 | $31.7B)
Financial Services (Uphold)
(# Cos: 12290 | $25.6B)
Investment Industry (Coinbase)
(# Cos: 8993 | $18.5B)
Online Trading Platforms (Bitso)
(# Cos: 3254 | $12.1B)
Regular Trading (Gemini)
(# Cos: 2121 | $11.6B)
Gemini
(2015, United States, $400M)
Bitso
(2014, Mexico, $331M)
FTX
(2018, Bahamas, $1.8B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
FTX (2018, Bahamas)
$400M - Series C - Jan 2022
$421M - Series B - Oct 2021
$900M - Series B - Jul 2021
MoonPay (2019, United States)
$555M - Series A - Oct 2021
Gemini (2015, United States)
$400M - Series A - Nov 2021
FTX US (2019, United States)
$400M - Series A - Jan 2022
Bitpanda (2014, Austria)
$263M - Series C - Aug 2021
View all 66 Funding Rounds on Tracxn Platform

10. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Dapp Development Platforms
02
10
Back to index
Blockchain Infrastructure (Terra)
(# Cos: 2526 | $14.7B)
Application Development Platforms
(ConsenSys)
(# Cos: 513 | $4.0B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$2.1B (▲1881%)
48(▲167%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
13
$4.0B
196
1
513
36
ConsenSys
(2014, United States, $725M)
R3
(2013, United States, $112M)
Digital Asset
(2014, United States, $317M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Forte (2016, United States)
$725M - Series B - Nov 2021
$185M - Series A - May 2021
ConsenSys (2014, United States)
$450M - Series D - Mar 2022
$200M - Series C - Nov 2021
Alchemy (2020, United States)
$200M - Series C - Feb 2022
$250M - Series C - Oct 2021
Aleo (2019, United States)
$200M - Series B - Feb 2022
View all 48 Funding Rounds on Tracxn Platform

11. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Blockchain Networks
03
11
Back to index
Blockchain Infrastructure (ConsenSys)
(# Cos: 2526 | $14.7B)
Blockchain Network (Terra)
(# Cos: 791 | $4.0B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.5B (▲1851%)
125(▲140%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
14
$4.0B
395
5
791
69
Terra
(2018, South Korea, $125M)
Algorand
(2017, United States, $66.0M)
NEAR
(2018, Switzerland, $184M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SCRT Labs (2021, United States)
$400M - Series D - Jan 2022
Solana (2017, United States)
$314M - Series C - Jun 2021
2TM (2013, Brazil)
$200M - Series B - Jul 2021
1inch (2020, United Kingdom)
$175M - Series B - Dec 2021
NEAR (2018, Switzerland)
$150M - Series C - Jan 2022
5ire (2021, United Kingdom)
$100M - Series A - Feb 2022
Qredo (2012, United Kingdom)
$80.0M - Series A - Feb 2022
View all 125 Funding Rounds on Tracxn Platform

12. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Custodian Services
04
12
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.4B (▲389%)
15(▲87.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$2.0B
43
1
87
15
Cryptocurrencies (Terra)
(# Cos: 18045 | $31.7B)
Financial Services (Gemini)
(# Cos: 12290 | $25.6B)
Investment Industry (Coinbase)
(# Cos: 8993 | $18.5B)
Custodian Services (Fireblocks)
(# Cos: 87 | $2.0B)
Fireblocks
(2018, United States, $1.0B)
BitGo
(2013, United States, $70.5M)
Anchorage
(2017, United States, $487M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Fireblocks (2018, United States)
$550M - Series E - Jan 2022
$310M - Series D - Jul 2021
Anchorage (2017, United States)
$350M - Series D - Dec 2021
Hex Trust (2018, China)
$88.0M - Series B - Mar 2022
Qredo (2012, United Kingdom)
$80.0M - Series A - Feb 2022
Copper (2018, United Kingdom)
$25.0M - Series B - Jun 2021
$50.0M - Series B - May 2021
View all 15 Funding Rounds on Tracxn Platform

13. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Fireblocks (2018, United States)
$550M - Series E - Jan 2022
$310M - Series D - Jul 2021
Secret Network (2020, United States)
$400M - Series C - Jan 2022
Chainalysis (2014, United States)
$100M - Series E - Jun 2021
$100M - Series D - Mar 2021
TRM (2018, United States)
$60.0M - Series B - Dec 2021
Elliptic (2014, United Kingdom)
$60.0M - Series C - Oct 2021
View all 29 Funding Rounds on Tracxn Platform
Blockchain Security
05
13
Back to index
Blockchain Infrastructure (Terra)
(# Cos: 2526 | $14.7B)
Enablers (Fireblocks)
(# Cos: 344 | $2.5B)
Security (Chainalysis)
(# Cos: 149 | $2.4B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.3B (▲641%)
29(▲123%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$2.4B
61
1
149
18
Chainalysis
(2014, United States, $367M)
Fireblocks
(2018, United States, $1.0B)
Elliptic
(2014, United Kingdom, $104M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

14. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Exchanges
06
14
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.2B (▲91.9%)
67(▲36.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
49
$3.2B
332
2
4097
64
Cryptocurrencies (Terra)
(# Cos: 18045 | $31.7B)
Financial Services (Uphold)
(# Cos: 12290 | $25.6B)
Investment Industry (Gemini)
(# Cos: 8993 | $18.5B)
Crypto Exchanges (Coinbase)
(# Cos: 4097 | $3.2B)
Coinbase
(2012, United States, $547M)
CoinSwitch
(2017, India, $302M)
Blockchain
(2011, Luxembourg, $590M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CoinSwitch (2017, India)
$260M - Series C - Oct 2021
1inch (2020, United Kingdom)
$175M - Series B - Dec 2021
Rain (2016, Bahrain)
$112M - Series B - Jan 2022
Blockchain (2011, Luxembourg)
$100M - Series C - Apr 2021
Serum (2020)
$100M - Series A - Jan 2022
CoinDCX (2018, India)
$90.0M - Series C - Jun 2021
Dunamu (2012, South Korea)
$85.3M - Series C - Sep 2021
View all 67 Funding Rounds on Tracxn Platform

15. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Paxos (2013, United States)
$300M - Series D - Apr 2021
Amber Group (2017, China)
$200M - Series B - Feb 2022
$100M - Series B - Jun 2021
Zero Hash (2017, United States)
$105M - Series D - Jan 2022
Matrixport (2019, Singapore)
$100M - Series C - Aug 2021
BCB (2017, United Kingdom)
$60.0M - Series A - Jan 2022
Abra (2014, United States)
$55.0M - Series C - Sep 2021
View all 64 Funding Rounds on Tracxn Platform
Crypto Financial Services
07
15
Back to index
Cryptocurrencies (Gemini)
(# Cos: 18045 | $31.7B)
Financial Services (Coinbase)
(# Cos: 12290 | $25.6B)
Diversified (Uphold)
(# Cos: 976 | $2.9B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$821M (▲67.1%)
64(▲137%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
13
$2.9B
224
5
976
39
Uphold
(2015, United Kingdom, $73.4M)
Coins.ph
(2014, Philippines, $10.0M)
Abra
(2014, United States, $90.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

16. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Crypto Based Personal Loans
08
16
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$786M (▲1823%)
27(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$1.3B
80
-
234
23
Cryptocurrencies (Gemini)
(# Cos: 18045 | $31.7B)
Financial Services (Coinbase)
(# Cos: 12290 | $25.6B)
Lending (Compound)
(# Cos: 310 | $1.4B)
Consumer Loans (Airfox)
(# Cos: 246 | $1.3B)
Personal Loans (Celsius Network)
(# Cos: 234 | $1.3B)
Celsius Network
(2017, United Kingdom, $780M)
Airfox
(2016, United States, $58.1M)
Compound
(2017, United States, $41.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Celsius Netw.. (2017, United Kingdom)
$750M - Series B - Oct 2021
Yuanbao (2014, China)
$156M - Series C - May 2021
Ledn (2018, Canada)
$70.0M - Series B - Dec 2021
$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
View all 27 Funding Rounds on Tracxn Platform

17. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Blockchain Development Services
09
17
Back to index
Blockchain Services (Framework Ventures)
(# Cos: 3325 | $882M)
Development (Nestcoin)
(# Cos: 2670 | $829M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$700M (▲4463%)
29(▲263%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
21
$829M
267
16
2670
2
Nestcoin
(2021, Nigeria, $6.5M)
Framework Ventures
(2019, United States)
HashKey
(2018, China)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Genesis Digi.. (2021, United Kingdom)
$431M - Series D - Sep 2021
$125M - Series D - Jul 2021
Blofin (2020, China)
$50.0M - Series B - Mar 2022
$12.0M - Series A - Sep 2021
$10.0M - Series A - Mar 2021
Colony (2021, Seychelles)
$18.5M - Seed - Nov 2021
Kyro Digital (2020, United States)
$10.0M - Series A - Feb 2022
View all 29 Funding Rounds on Tracxn Platform

18. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
2TM (2013, Brazil)
$50.3M - Series B - Nov 2021
$200M - Series B - Jul 2021
Qredo (2012, United Kingdom)
$80.0M - Series A - Feb 2022
Aligned (2020, Argentina)
$34.0M - Series C - Feb 2022
Anoma Foundation (2020, Switzerland)
$26.0M - Series B - Nov 2021
Anoma (2020, Switzerland)
$26.0M - Series B - Nov 2021
XMTP (2003, United States)
$25.5M - Series B - Aug 2021
View all 55 Funding Rounds on Tracxn Platform
Blockchain in Financial Services
10
18
Back to index
Blockchain Infrastructure (ConsenSys)
(# Cos: 2526 | $14.7B)
Blockchain Network (Algorand)
(# Cos: 791 | $4.0B)
Finance (Terra)
(# Cos: 274 | $1.5B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$486M (▲618%)
55(▲139%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$1.5B
143
3
274
32
Terra
(2018, South Korea, $125M)
Algorand
(2017, United States, $66.0M)
Ripple
(2012, United States, $295M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

19. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Blockchain Compliance and Risk
Management
11
19
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$437M (▲273%)
16(▲220%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$704M
28
-
58
8
Blockchain Infrastructure (Terra)
(# Cos: 2526 | $14.7B)
Enablers (Elliptic)
(# Cos: 344 | $2.5B)
Security (Fireblocks)
(# Cos: 149 | $2.4B)
Compliance and Risk
Management (Chainalysis)
(# Cos: 58 | $704M)
Chainalysis
(2014, United States, $367M)
Elliptic
(2014, United Kingdom, $104M)
Simplex
(2014, Israel, $19.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Chainalysis (2014, United States)
$100M - Series E - Jun 2021
$100M - Series D - Mar 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
View all 16 Funding Rounds on Tracxn Platform

20. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Sygnum (2018, Switzerland)
$120M - Series B - Jan 2022
SEBA Bank (2018, Switzerland)
$120M - Series C - Jan 2022
Dicalet (2018, Japan)
$61.6M - Series C - Mar 2021
Lemon (2019, Argentina)
$16.3M - Series A - Jul 2021
Multis (2018, United States)
$7.0M - Seed - Feb 2022
Flint (2021, Singapore)
$5.1M - Seed - Jan 2022
Fiat Republic (2021, United Kingdom)
$3.5M - Seed - Feb 2022
View all 10 Funding Rounds on Tracxn Platform
Cryptocurrency Banking
12
20
Back to index
Cryptocurrencies (Gemini)
(# Cos: 18045 | $31.7B)
Financial Services (Coinbase)
(# Cos: 12290 | $25.6B)
Banking (Sygnum)
(# Cos: 210 | $541M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$327M (▲462%)
10(▲42.9%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$541M
31
-
210
9
Sygnum
(2018, Switzerland, $120M)
SEBA Bank
(2018, Switzerland, $246M)
Lemon
(2019, Argentina, $17.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

21. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Masterworks (2017, United States)
$110M - Series A - Oct 2021
MobileCoin (2018, United States)
$66.4M - Series B - Aug 2021
$75.0M - Series B - Jul 2021
Eco (2018, United States)
$60.0M - Series C - Jul 2021
Siglo (2018, Gibraltar)
$125K - Seed - Sep 2021
Cryptocurrencies for Payments
13
21
Back to index
Cryptocurrencies (Coinbase)
(# Cos: 18045 | $31.7B)
Coins (Terra)
(# Cos: 2151 | $1.4B)
Payments (Dash)
(# Cos: 1124 | $573M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$312M (▲125%)
5( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$573M
66
3
1124
7
Dash
(2014, United States, $16.2M)
MobileCoin
(2018, United States, $183M)
Codex Protocol
(2017, United Kingdom, $5.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

22. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
P2P Crypto Loans
14
22
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$296M (▲485%)
14(▲75%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$368M
42
-
127
13
Cryptocurrencies (Gemini)
(# Cos: 18045 | $31.7B)
Financial Services (Coinbase)
(# Cos: 12290 | $25.6B)
Lending (Compound)
(# Cos: 310 | $1.4B)
Consumer Loans (Airfox)
(# Cos: 246 | $1.3B)
Personal Loans (Celsius Network)
(# Cos: 234 | $1.3B)
P2P (Ledn)
(# Cos: 127 | $368M)
Ledn
(2018, Canada, $104M)
Ripio protocol
(2016, Argentina, $2.9M)
Oxygen
(2001, Switzerland, $40.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Yuanbao (2014, China)
$156M - Series C - May 2021
Ledn (2018, Canada)
$70.0M - Series B - Dec 2021
$30.0M - Series A - May 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
NAOS (2020, Singapore)
$5.1M - Series A - Apr 2021
View all 14 Funding Rounds on Tracxn Platform

23. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Compliance
Management
15
23
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$261M (▲258%)
9(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$418M
14
-
32
7
Cryptocurrencies (Gemini)
(# Cos: 18045 | $31.7B)
Financial Services (Coinbase)
(# Cos: 12290 | $25.6B)
RegTech (Chainalysis)
(# Cos: 103 | $987M)
Compliance Management
(Securrency)
(# Cos: 32 | $418M)
Securrency
(2015, United States, $48.3M)
Unbound
(2014, United States, $40.0M)
TRM
(2018, United States, $79.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Lukka (2014, United States)
$110M - Series E - Jan 2022
$53.0M - Series D - Mar 2021
TRM (2018, United States)
$60.0M - Series B - Dec 2021
$14.0M - Series A - Jun 2021
Notabene (2020, United States)
$10.2M - Series A - Nov 2021
Coinfirm (2016, United Kingdom)
$8.0M - Series A - Sep 2021
Merkle Science (2018, Singapore)
$5.8M - Series A - Sep 2021
View all 9 Funding Rounds on Tracxn Platform

24. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Smart Contracts
16
24
Back to index
Blockchain Infrastructure (Terra)
(# Cos: 2526 | $14.7B)
Smart Contracts (Symbiont)
(# Cos: 235 | $360M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$188M (▲731%)
18(▲80%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$360M
88
-
235
13
Symbiont
(2013, United States, $31.0M)
Data Gumbo
(2016, United States, $14.8M)
Quantstamp
(2017, United States, $150K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Offchain Labs (2018, United States)
$100M - Series B - Aug 2021
$20.0M - Series A - Apr 2021
SIMBA Chain (2017, United States)
$25.0M - Series A - Aug 2021
Forta (2016, Switzerland)
$23.0M - Series B - Sep 2021
Eden Network (2021)
$17.4M - Seed - Sep 2021
Certora (2012, Israel)
$7.2M - Series A - May 2021
Moonbeam (2019, United States)
$6.0M - Series A - Apr 2021
View all 18 Funding Rounds on Tracxn Platform

25. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Stronghold Di.. (2021, United States)
$105M - Series D - May 2021
TeraWulf (2021, United States)
$76.5M - Series C - Dec 2021
Arkon Energy (2014, Australia)
$1.9M - Seed - Feb 2022
Sustainable Crypto Mining
17
25
Back to index
Cryptocurrencies (Coinbase)
(# Cos: 18045 | $31.7B)
Mining (Bitmain)
(# Cos: 2135 | $3.2B)
Sustainable Mining (Argo Blockchain)
(# Cos: 16 | $215M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$183M (▲489%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$215M
7
3
16
2
Argo Blockchain
(2017, United Kingdom)
TeraWulf
(2021, United States, $76.5M)
Stronghold Digital Min..
(2021, United States, $105M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

26. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Mobile Wallets
18
26
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$161M (▲49.5%)
21(▲5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
13
$427M
89
1
587
14
Cryptocurrencies (Coinbase)
(# Cos: 18045 | $31.7B)
Wallet (Ledger)
(# Cos: 1405 | $1.4B)
Hot Wallets (Argent)
(# Cos: 873 | $589M)
Mobile Wallets (Luno)
(# Cos: 587 | $427M)
Luno
(2013, United Kingdom, $13.0M)
Argent
(2017, United Kingdom, $16.0M)
imToken
(2016, Singapore, $40.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cobo (2017, Singapore)
$40.0M - Series B - Sep 2021
imToken (2016, Singapore)
$30.0M - Series B - Mar 2021
DeBank (2019, China)
$25.0M - Series B - Dec 2021
Valora (2020, Canada)
$20.0M - Series A - Jul 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
View all 21 Funding Rounds on Tracxn Platform

27. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Decentralized Cryptocurrency Exchanges
19
27
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$159M (▲208%)
26(▲73.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$424M
71
1
121
20
Cryptocurrencies (Terra)
(# Cos: 18045 | $31.7B)
Financial Services (Uphold)
(# Cos: 12290 | $25.6B)
Investment Industry (Gemini)
(# Cos: 8993 | $18.5B)
Crypto Exchanges (Coinbase)
(# Cos: 4097 | $3.2B)
Decentralized Exchanges (Kyber
Network)
(# Cos: 121 | $424M)
Kyber Network
(2017, Singapore)
dYdX
(2017, United States, $87.0M)
DeversiFi
(2019, United Kingdom, $5.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
1inch (2020, United Kingdom)
$175M - Series B - Dec 2021
dYdX (2017, United States)
$65.0M - Series C - Jun 2021
Orca (2020, Japan)
$18.0M - Series A - Sep 2021
Injective Pro.. (2018, United States)
$10.0M - Series A - Apr 2021
Portal (2020, United States)
$8.5M - Series A - Sep 2021
zkLink (2019, Singapore)
$8.5M - Series A - Oct 2021
Saber (2021, United States)
$7.7M - Seed - Jul 2021
View all 26 Funding Rounds on Tracxn Platform

28. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Trading Bots
20
28
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$143M (▲2657%)
7(▲75%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$152M
26
-
434
6
Cryptocurrencies (Terra)
(# Cos: 18045 | $31.7B)
Financial Services (Uphold)
(# Cos: 12290 | $25.6B)
Investment Industry (Coinbase)
(# Cos: 8993 | $18.5B)
Online Trading Platforms (Gemini)
(# Cos: 3254 | $12.1B)
Algo Trading (Mudrex)
(# Cos: 923 | $194M)
Trading Bots (Paradigm)
(# Cos: 434 | $152M)
Paradigm
(2010, United States, $39.5M)
Stacked
(2020, United States, $40.0M)
3Commas
(2017, Canada, $3.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zignaly (2018, Singapore)
$50.0M - Series B - Mar 2022
$3.0M - Series A - Mar 2021
Paradigm (2010, United States)
$39.5M - Series A - Dec 2021
Stacked (2020, United States)
$35.0M - Series A - Dec 2021
Hummingbot (2018, United States)
$8.0M - Series A - May 2021
NOBI (2020, Indonesia)
$4.0M - Seed - Feb 2022
Mizar (2019, United Kingdom)
$3.0M - Seed - Feb 2022

29. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Browser Based Crypto Wallets
21
29
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$134M (▲3754%)
8(▲300%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$143M
25
-
244
3
Cryptocurrencies (Coinbase)
(# Cos: 18045 | $31.7B)
Wallet (Argent)
(# Cos: 1405 | $1.4B)
Hot Wallets (Luno)
(# Cos: 873 | $589M)
Browser Based (Tokocrypto)
(# Cos: 244 | $143M)
Tokocrypto
(2017, Indonesia)
Liquidity
(2018, United States, $7.0M)
Phantom
(2020, United States, $118M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Phantom (2020, United States)
$109M - Series B - Jan 2022
$9.0M - Series A - Jul 2021
Liquidity (2018, United States)
$7.0M - Series A - Aug 2021
XDEFI (2020)
$6.0M - Series A - Sep 2021
Venly (2018, Belgium)
$1.8M - Seed - Apr 2021
Minke (2021)
$650K - Seed - Mar 2022
Get Safle (2019, India)
$170K - Angel - Mar 2021
View all 8 Funding Rounds on Tracxn Platform

30. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Circle (2013, United States)
$440M - Series F - May 2021
Compute North (2017, United States)
$85.0M - Series C - Feb 2022
Lido (2020, Finland)
$70.0M - Series A - Mar 2022
Stader Labs (2021, Singapore)
$12.5M - Series A - Jan 2022
BitDeer (2013, China)
$12.0M - Series B - Apr 2021
pSTAKE (2021)
$10.0M - Series A - Nov 2021
Titan (2018)
$6.0M - Series A - Nov 2021
View all 21 Funding Rounds on Tracxn Platform
Crypto Based Pool Mining
22
30
Back to index
Cryptocurrencies (Coinbase)
(# Cos: 18045 | $31.7B)
Mining (Bitmain)
(# Cos: 2135 | $3.2B)
Pool Mining (Circle)
(# Cos: 480 | $975M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$124M (▲1053%)
21(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$975M
71
2
480
10
Circle
(2013, United States, $686M)
Staked
(2018, United States, $4.5M)
ViaBTC
(2016, China, $2.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

31. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Research Platforms
23
31
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$110M (▲1051%)
11(▲83.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$232M
46
1
408
7
Cryptocurrencies (Terra)
(# Cos: 18045 | $31.7B)
Financial Services (Gemini)
(# Cos: 12290 | $25.6B)
Investment Industry (Coinbase)
(# Cos: 8993 | $18.5B)
Research Platforms (Messari)
(# Cos: 408 | $232M)
Messari
(2018, United States, $26.0M)
skew.
(2018, United Kingdom, $7.0M)
Dune Analytics
(2018, Norway, $79.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Nansen (2019)
$75.0M - Series B - Dec 2021
$12.0M - Series A - Jun 2021
Dune Analytics (2018, Norway)
$69.4M - Series B - Feb 2022
$8.0M - Series A - Aug 2021
Messari (2018, United States)
$21.0M - Series A - Aug 2021
Aurox (2018, United States)
$5.0M - Series A - Feb 2022
Hawksight.co (2021, Singapore)
$4.2M - Series A - Dec 2021
View all 11 Funding Rounds on Tracxn Platform

32. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Smart Contract Security
24
32
Back to index
Smart Contracts (AVA)
(# Cos: 358 | $830M)
Contract Security (AnChain.ai)
(# Cos: 45 | $98.8M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$72.7M (▲3535%)
6(▲500%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$98.8M
14
-
45
4
AnChain.ai
(2018, United States, $12.0M)
Quantstamp
(2017, United States, $150K)
Forta
(2016, Switzerland, $23.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
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

33. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Portfolio Management
25
33
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$64.8M (▲521%)
32(▲256%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$327M
85
-
420
20
Cryptocurrencies (Terra)
(# Cos: 18045 | $31.7B)
Financial Services (Gemini)
(# Cos: 12290 | $25.6B)
Investment Industry (Coinbase)
(# Cos: 8993 | $18.5B)
Trading Enablers (Talos)
(# Cos: 640 | $656M)
Portfolio Management (Zerion)
(# Cos: 420 | $327M)
Zerion
(2016, United States, $10.2M)
Blockpit
(2017, Austria, $10.0M)
Blockfolio
(2014, United States, $14.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CoinTracker (2017, United States)
$100M - Series A - Jan 2022
Sommelier (2020, United States)
$23.0M - Series A - Oct 2021
Treehouse (2021, Singapore)
$18.0M - Seed - Mar 2022
Zapper (2020, United States)
$17.2M - Series A - May 2021
TokenSets (2017, United States)
$14.0M - Series A - May 2021
Redefine (2021, Israel)
$11.0M - Seed - Jan 2022
InstaDApp (2018, India)
$10.0M - Series A - Jun 2021
View all 32 Funding Rounds on Tracxn Platform

34. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
FlyCoin (2021, United States)
$33.0M - Seed - Feb 2022
Worldcoin (2019, United States)
$25.0M - Series B - Oct 2021
Struct (2021, Finland)
$3.9M - Seed - Mar 2022
General Purpose Cryptocurrencies
26
34
Back to index
Cryptocurrencies (Coinbase)
(# Cos: 18045 | $31.7B)
Coins (Terra)
(# Cos: 2151 | $1.4B)
General Purpose (Worldcoin)
(# Cos: 440 | $69.0M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$61.9M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$69.0M
29
-
440
2
Worldcoin
(2019, United States, $25.0M)
Portion
(2016, United States, $5.5M)
Litecoin
(2011, Canada)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

35. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Data Providers
27
35
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$53.1M (▲ >10K%)
5(▲400%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$103M
32
-
291
5
Cryptocurrencies (Terra)
(# Cos: 18045 | $31.7B)
Financial Services (Gemini)
(# Cos: 12290 | $25.6B)
Investment Industry (Coinbase)
(# Cos: 8993 | $18.5B)
Data Providers (TradeBlock)
(# Cos: 291 | $103M)
TradeBlock
(2013, United States, $20.7M)
TokenInsight
(2017, United States)
BitKan
(2012, Singapore, $12.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Kaiko (2014, France)
$24.0M - Series A - Jun 2021
Amberdata (2017, United States)
$15.0M - Series A - Sep 2021
Oddup (2014, China)
$12.8M - Series C - Aug 2021
Kleoverse (2021, Finland)
$1.2M - Seed - Jan 2022
Pointer (2021, United States)
$125K - Seed - Jun 2021

36. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Blockmetrix (2017, United States)
$43.0M - Series B - Dec 2021
$7.0M - Series A - Jun 2021
HASHWATT (2018, United States)
$875K - Seed - Apr 2021
Solteir (2021)
Undisclosed - Seed - Oct 2021
BitFuFu (2020, China)
Undisclosed - Seed - Apr 2021
Crypto Cloud Mining
28
36
Back to index
Cryptocurrencies (Coinbase)
(# Cos: 18045 | $31.7B)
Mining (Bitmain)
(# Cos: 2135 | $3.2B)
Cloud Mining (Marathon)
(# Cos: 1234 | $119M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$50.9M (▲2323%)
5(▲150%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$119M
43
4
1234
2
Marathon
(2010, United States)
Cryptologic
(1996, Canada, $8.5M)
Bitfarms
(2017, Canada)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

37. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
White Label Cryptocurrency Exchanges
29
37
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$35.0M (▲714%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$101M
22
-
113
4
Cryptocurrencies (Terra)
(# Cos: 18045 | $31.7B)
Financial Services (Gemini)
(# Cos: 12290 | $25.6B)
Investment Industry (Coinbase)
(# Cos: 8993 | $18.5B)
Trading Enablers (Talos)
(# Cos: 640 | $656M)
Crypto Exchanges (Gem)
(# Cos: 113 | $101M)
Gem
(2013, United States, $10.4M)
Quoine
(2014, Japan, $22.0M)
AlphaPoint
(2013, United States, $23.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
XanPool (2018, China)
$27.0M - Series A - Oct 2021
X-Margin (2019, United States)
$8.0M - Series A - Sep 2021

38. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Crypto Payment Gateways
30
38
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$34.7M (▲130%)
11(▲83.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$184M
75
1
515
7
Cryptocurrencies (Gemini)
(# Cos: 18045 | $31.7B)
Financial Services (Coinbase)
(# Cos: 12290 | $25.6B)
Payments (BitPay)
(# Cos: 1133 | $523M)
Business Payments (GreenBox POS)
(# Cos: 760 | $256M)
Online Payments (Simplex)
(# Cos: 515 | $184M)
Simplex
(2014, Israel, $19.0M)
UTRUST
(2017, Switzerland)
nanoPay
(2013, Canada, $10.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
OpenNode (2018, United States)
$20.0M - Series A - Feb 2022
Voltage (2020, United States)
$6.0M - Seed - Jan 2022
Kado (2021, United States)
$5.4M - Seed - Mar 2022
Moon Technolo.. (2018, United States)
$2.1M - Series A - Sep 2021
MugglePay (2019, Singapore)
$1.0M - Seed - Apr 2021
Mazzuma (2015, Ghana)
$125K - Seed - Nov 2021
CityPay (2020, Georgia)
$100K - Angel - Nov 2021
View all 11 Funding Rounds on Tracxn Platform

39. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Crypto Based Business Loans
31
39
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$29.2M ( -- )
11( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$84.1M
23
-
45
4
Cryptocurrencies (Gemini)
(# Cos: 18045 | $31.7B)
Financial Services (Coinbase)
(# Cos: 12290 | $25.6B)
Lending (Celsius Network)
(# Cos: 310 | $1.4B)
Business Loans (Tesseract)
(# Cos: 45 | $84.1M)
Tesseract
(2017, Finland, $25.0M)
JellyFi
(2021, France, $4.4M)
Maple
(2019, Australia, $1.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Goldfinch (2020)
$25.0M - Series A - Jan 2022
$11.7M - Series A - May 2021
Tesseract (2017, Finland)
$25.0M - Series A - Jun 2021
JellyFi (2021, France)
$4.4M - Seed - Dec 2021
Clearpool (2021)
$3.0M - Seed - Sep 2021
Vee.Finance (2021)
$2.8M - Series B - Sep 2021
Credix (2021, Belgium)
$2.5M - Seed - Dec 2021
View all 11 Funding Rounds on Tracxn Platform

40. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Cryptocurrencny Algo Trading Platforms
32
40
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$28.4M (▲811%)
15(▲114%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$194M
68
-
923
9
Cryptocurrencies (Terra)
(# Cos: 18045 | $31.7B)
Financial Services (Uphold)
(# Cos: 12290 | $25.6B)
Investment Industry (Coinbase)
(# Cos: 8993 | $18.5B)
Online Trading Platforms (Gemini)
(# Cos: 3254 | $12.1B)
Algo Trading (Mudrex)
(# Cos: 923 | $194M)
Mudrex
(2018, United States, $9.9M)
Paradigm
(2010, United States, $39.5M)
Coinrule
(2017, United Kingdom, $2.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zignaly (2018, Singapore)
$50.0M - Series B - Mar 2022
Paradigm (2010, United States)
$39.5M - Series A - Dec 2021
Stacked (2020, United States)
$35.0M - Series A - Dec 2021
CoinRoutes (2017, United States)
$16.0M - Series B - Mar 2022
Hummingbot (2018, United States)
$8.0M - Series A - May 2021
Mudrex (2018, United States)
$6.5M - Seed - Feb 2022
NOBI (2020, Indonesia)
$4.0M - Seed - Feb 2022
View all 15 Funding Rounds on Tracxn Platform

41. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Blockchain Consulting Services
33
41
Back to index
Blockchain Services (Nestcoin)
(# Cos: 3325 | $882M)
Consulting (Papers)
(# Cos: 456 | $35.4M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$27.9M (▲ >10K%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$35.4M
53
2
456
0
Papers
(2009, Switzerland)
Genesis Block
(2017, United States)
Soramitsu
(2016, Japan)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Coinone (2014, South Korea)
$27.9M - Series B - Apr 2021

42. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Options Trading
Platform
34
42
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$27.5M (▼38.4%)
12(▼14.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$194M
34
-
52
11
Cryptocurrencies (Terra)
(# Cos: 18045 | $31.7B)
Financial Services (Uphold)
(# Cos: 12290 | $25.6B)
Investment Industry (Coinbase)
(# Cos: 8993 | $18.5B)
Online Trading Platforms (Gemini)
(# Cos: 3254 | $12.1B)
Futures & Options (Synthetix)
(# Cos: 52 | $194M)
Synthetix
(2017, Australia, $16.1M)
Bitnomial
(2014, United States, $19.1M)
Opyn
(2019, United States, $10.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
HXRO (2021)
$34.0M - Series C - Dec 2021
Globe.dx (2018, United Kingdom)
$18.0M - Series A - Apr 2021
Thetanuts Fin.. (2021, United States)
$18.0M - Seed - Mar 2022
Futureswap (2012, United States)
$12.0M - Series B - Oct 2021
Zeta Markets (2021)
$8.5M - Series A - Dec 2021
PlotX (2020, Singapore)
$5.0M - Seed - Jan 2022
Drift (2021, United States)
$3.8M - Series A - Oct 2021
View all 12 Funding Rounds on Tracxn Platform

43. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
DApps Development
35
43
Back to index
Smart Contracts (AVA)
(# Cos: 358 | $830M)
DApps Development (Blockstack)
(# Cos: 26 | $82.3M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$25.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$82.3M
14
-
26
2
Blockstack
(2014, United States, $35.9M)
Cartesi
(2017, Singapore)
SIMBA Chain
(2017, United States, $27.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SIMBA Chain (2017, United States)
$25.0M - Series A - Aug 2021

44. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Payments
36
44
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$22.6M (▲1404%)
6(▲500%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$179M
30
1
119
3
Cryptocurrencies (Gemini)
(# Cos: 18045 | $31.7B)
Financial Services (Coinbase)
(# Cos: 12290 | $25.6B)
Payments (Card for Coin)
(# Cos: 1133 | $523M)
Diversified (BitPay)
(# Cos: 119 | $179M)
BitPay
(2011, United States, $103M)
Coinify
(2014, Denmark, $17.0M)
Zebec
(2021, United States, $21.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zebec (2021, United States)
$15.0M - Series A - Feb 2022
Undisclosed - Seed - Jan 2022
$6.0M - Seed - Nov 2021
Superfluid (2002, United Kingdom)
$9.0M - Seed - Jul 2021
Diamante Bloc.. (2018, United States)
$1.3M - Seed - Nov 2021
$233K - Seed - May 2021

45. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Zhipu Huazhang (2018, China)
$15.5M - Series A - Sep 2021
Satoshi Energy (2018, United States)
$2.4M - Seed - Oct 2021
Navier (2018, United States)
$1.8M - Seed - Mar 2022
Elite Mining (2017, United States)
$109K - Series A - May 2021
Software for Cryptocurrency Mining
37
45
Back to index
Cryptocurrencies (Coinbase)
(# Cos: 18045 | $31.7B)
Mining (Bitmain)
(# Cos: 2135 | $3.2B)
Software (Hut 8 Mining)
(# Cos: 152 | $88.8M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$19.8M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$88.8M
17
4
152
2
Hut 8 Mining
(2011, Canada)
Electroneum
(2017, United Kingdom)
Hyperblock
(2017, Canada, $509K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

46. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
TrustToken (2017, United States)
$12.5M - Series A - Aug 2021
JPYC (2019, Japan)
$4.4M - Series A - Nov 2021
Digital Asset Markets (2018, Japan)
$3.1M - Series A - Feb 2022
BlockSwap Net.. (2020, United States)
$500K - Seed - Aug 2021
$2.5M - Seed - Mar 2021
CACHE Gold (2018, Singapore)
$1.4M - Seed - Jul 2021
Float Protocol (2021)
$1.2M - Seed - Sep 2021
View all 11 Funding Rounds on Tracxn Platform
Stable Cryptocurrencies
38
46
Back to index
Cryptocurrencies (Coinbase)
(# Cos: 18045 | $31.7B)
Coins (TrustToken)
(# Cos: 2151 | $1.4B)
Stable Coins (Terra)
(# Cos: 382 | $449M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$18.1M (▼67.5%)
11( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$449M
73
-
382
11
Terra
(2018, South Korea, $125M)
TrustToken
(2017, United States, $32.5M)
Celo
(2011, United States, $65.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

47. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Market Makers
39
47
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$10.5M (▼83.6%)
4(▼60%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$77.0M
13
-
19
3
Cryptocurrencies (Terra)
(# Cos: 18045 | $31.7B)
Financial Services (Gemini)
(# Cos: 12290 | $25.6B)
Investment Industry (Coinbase)
(# Cos: 8993 | $18.5B)
Crypto Market Makers
(Wintermute)
(# Cos: 19 | $77.0M)
Wintermute
(2008, United States, $22.8M)
Keyrock
(2017, Belgium, $7.4M)
B2C2
(2015, United Kingdom, $30.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Saddle (2020)
$7.5M - Series A - Nov 2021
Primitive (2020, United States)
$3.0M - Seed - May 2021
Charm (2019)
Undisclosed - Seed - Mar 2021
Byte Trading (2021, United Kingdom)
Undisclosed - Seed - Jan 2022

48. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
BitDAO (2021, United States)
$230M - Series D - Jun 2021
TaxBit (2017, United States)
$130M - Series B - Aug 2021
Bitwave (2019, United States)
$7.3M - Seed - Aug 2021
ZenLedger (2017, United States)
$6.0M - Series A - Aug 2021
CoinLedger (2018, United States)
$6.0M - Series A - Feb 2022
BearTax (2018, United States)
$3.2M - Seed - Mar 2022
crypto tax calcul.. (2019, Australia)
$2.9M - Seed - Mar 2022
View all 9 Funding Rounds on Tracxn Platform
Cryptocurrency Accounting Solutions
40
48
Back to index
Cryptocurrencies (Gemini)
(# Cos: 18045 | $31.7B)
Financial Services (Coinbase)
(# Cos: 12290 | $25.6B)
Finance & Accounting (TaxBit)
(# Cos: 63 | $505M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$7.3M ( -- )
9( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$505M
22
-
63
5
TaxBit
(2017, United States, $237M)
ZenLedger
(2017, United States, $11.5M)
BitDAO
(2021, United States, $230M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

49. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Smart Contract Development
41
49
Back to index
Smart Contracts (AVA)
(# Cos: 358 | $830M)
Contract Development (InfStones)
(# Cos: 116 | $119M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$7.0M (▼3%)
8( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$119M
32
-
116
4
InfStones
(2018, United States, $80.5M)
Stratis Platform
(2016, United Kingdom)
API3
(2020, Cayman Islands, $3.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
InfStones (2018, United States)
$37.5M - Series B - Mar 2022
$33.0M - Series B - Feb 2022
$10.0M - Series A - Aug 2021
Gelato (2020, Germany)
$11.0M - Series A - Sep 2021
ParaState (2020, Singapore)
$5.0M - Series A - Apr 2021
Esprezzo (2017, United States)
$2.0M - Seed - Mar 2021
Forward Protocol (2021, Panama)
$1.3M - Seed - Dec 2021
View all 8 Funding Rounds on Tracxn Platform

50. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Defined (2021, Finland)
$2.5M - Seed - May 2021
Covalent (2018, Canada)
$2.0M - Series A - Mar 2021
Footprint (2021, Singapore)
$1.5M - Seed - Jan 2022
Blockchain Explorers
42
50
Back to index
Blockchain Infrastructure (Terra)
(# Cos: 2526 | $14.7B)
Enablers (Chainalysis)
(# Cos: 344 | $2.5B)
Blockchain Explorer (TradeBlock)
(# Cos: 179 | $38.6M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$6.0M (▲25%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$38.6M
19
-
179
2
TradeBlock
(2013, United States, $20.7M)
Covalent
(2018, Canada, $5.1M)
Elementus
(2017, United States, $6.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

51. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Crypto Liquidity Pools
43
51
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$3.0M (▼90.2%)
4( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$79.5M
15
-
19
2
Cryptocurrencies (Gemini)
(# Cos: 18045 | $31.7B)
Financial Services (Coinbase)
(# Cos: 12290 | $25.6B)
Lending (Ledn)
(# Cos: 310 | $1.4B)
Consumer Loans (Airfox)
(# Cos: 246 | $1.3B)
Personal Loans (Celsius Network)
(# Cos: 234 | $1.3B)
Liquidity Pools (Compound)
(# Cos: 19 | $79.5M)
Compound
(2017, United States, $41.3M)
Aave
(2017, United Kingdom, $29.5M)
Folks Finance
(2021, Italy, $3.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Folks Finance (2021, Italy)
$3.0M - Seed - Jan 2022
Sublime (2020)
$2.5M - Seed - Oct 2021
Don-key (2020, United States)
$2.2M - Seed - Apr 2021
Mavryk (2021)
Undisclosed - Seed - Jan 2022

52. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Switchboard (2020)
$3.5M - Seed - Jun 2021
Moma (2020)
$2.3M - Seed - May 2021
Morphie (2021)
Undisclosed - Seed - Oct 2021
Decentralised Oracle Network
44
52
Back to index
Smart Contracts (AVA)
(# Cos: 358 | $830M)
Contract Integration (Band Protocol)
(# Cos: 30 | $29.9M)
Decentralised Oracle Network
(Chainlink)
(# Cos: 25 | $19.3M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$2.3M (▼65.4%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$19.3M
17
-
25
2
Chainlink
(2017, Cayman Islands)
Band Protocol
(2017, United Kingdom, $3.0M)
Chainlink Labs
(2014, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

53. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Mining
45
53
Back to index
Blockchain Infrastructure (Terra)
(# Cos: 2526 | $14.7B)
Mining (Bitmain)
(# Cos: 333 | $2.0B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.9M ( -- )
17( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$2.0B
54
12
333
16
Bitmain
(2013, China, $950M)
Helium
(2006, United States, $370M)
Bitfury
(2012, United States, $181M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Helium (2006, United States)
$200M - Series E - Feb 2022
$111M - Series D - Aug 2021
Rhodium (2021, United States)
$86.9M - Series C - Oct 2021
Compute North (2017, United States)
$85.0M - Series C - Feb 2022
Core Scientific (2017, United States)
$54.0M - Series C - Jul 2021
Blockware Min.. (2019, United States)
$25.0M - Series B - Jun 2021
zkTube (2021, Australia)
$15.0M - Series B - Sep 2021
View all 17 Funding Rounds on Tracxn Platform

54. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Bitwage (2013, United States)
$1.5M - Seed - Oct 2021
Pip (2017, United States)
Undisclosed - Seed - Jan 2022
P2P Crypto Based Money Transfer
46
54
Back to index
Cryptocurrencies (Gemini)
(# Cos: 18045 | $31.7B)
Financial Services (Coinbase)
(# Cos: 12290 | $25.6B)
P2P Money Transfer (Skrill)
(# Cos: 195 | $58.9M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.5M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$58.9M
38
-
195
3
Skrill
(2001, United Kingdom)
Bitwage
(2013, United States, $2.3M)
Metal Pay
(2016, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

55. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
AirWire (2018, United States)
$1.2M - Seed - Sep 2021
Cryptocurrencies for Money Transfer
47
55
Back to index
Cryptocurrencies (Coinbase)
(# Cos: 18045 | $31.7B)
Coins (Terra)
(# Cos: 2151 | $1.4B)
Money Transfer (Ripple)
(# Cos: 123 | $296M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.2M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$296M
9
-
123
1
Ripple
(2012, United States, $295M)
AirWire
(2018, United States, $1.2M)
Htmlcoin
(2014, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

56. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Regtech Solutions For Cryptocurrencies
48
56
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.1M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.1M
1
-
5
1
Cryptocurrencies (Gemini)
(# Cos: 18045 | $31.7B)
Financial Services (Coinbase)
(# Cos: 12290 | $25.6B)
RegTech (Chainalysis)
(# Cos: 103 | $987M)
Suite (10XTS)
(# Cos: 5 | $1.1M)
10XTS
(2017, United States, $1.1M)
Astra Procotol
(2021, United Kingdom)
Magic Circle
(2019, China)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
10XTS (2017, United States)
$1.1M - Seed - May 2021

57. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Blockchain Services
49
57
Back to index
Blockchain Services (Nestcoin)
(# Cos: 3325 | $882M)
Horizontal (Graph Blockchain)
(# Cos: 94 | $3.1M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$100K ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$3.1M
9
1
94
0
Graph Blockchain
(2017, Canada, $3.0M)
BTblock
(2018, United States)
Coinstreet
(2017, China)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Esatya (2018, Nepal)
$100K - Seed - Jun 2021
Technicorum (2020, Singapore)
Undisclosed - Seed - Jan 2022

58. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Blockchain Technology - Top Business Models Report
Recent Funding Rounds
Crypto Based Equity Crowdfunding
50
58
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$100K (▼96.7%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$11.0M
13
-
96
1
Cryptocurrencies (Gemini)
(# Cos: 18045 | $31.7B)
Financial Services (Coinbase)
(# Cos: 12290 | $25.6B)
Crowdfunding (Qingsongchou)
(# Cos: 242 | $61.8M)
Equity (Topl)
(# Cos: 96 | $11.0M)
Topl
(2016, United States, $4.4M)
Koinify
(2014, United States, $1.4M)
InvestoLand
(2018, Argentina, $2.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
InfinityPad (2021, Italy)
$100K - Seed - Oct 2021

59. Blockchain Technology - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
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60. Blockchain Technology - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
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