VC Investments In Blockchain Companies On Track To Exceed 2017’s Numbers

March 4, 2018

The amount of venture capital fundraising for Blockchain-based companies so far in 2018 has already reached more than 40 percent of last year’s total, according to a report released by Crunchbase News on Feb. 27.

Crunchbase News determined the companies to include in their data analysis by making a list of all organizations already categorized on their site as related to






Virtual Currency,

as well as adding the key words

digital currency


utility token

to their search.

The list also includes all companies in Crunchbase data that have led Initial Coin Offerings (ICO) this year, bringing the total number of companies included in the analysis to around 2,900.

By looking at a graph of all of the venture investments this year in

Blockchain and Blockchain-Adjacent Startups,

excluding ICOs, Crunchbase found that the spikes and drops of Bitcoin’s price since Jan. 2018 had not prevented venture investment from steadily increasing.

Crunchbase mentioned some of the largest venture rounds that have taken place this year with crypto wallet Ledger, Russian Blockchain-cargo tracking platform QUASA, and the Blockchain tech firm Harbor Platform.

Crunchbase data shows that there are a mix of both mainstream investors as well as more


venture firms like Digital Currency Group taking place in these Blockchain-oriented rounds. Just last week, the Digital Currency Group announced that they had recently invested in the crypto-friendly Silvergate Bank.

Crunchbase data showed that the countries that participated in venture fundraising for Blockchain and Blockchain-adjacent companies was concentrated to a handful, with the US in the lead and the United Kingdom, Singapore, and Switzerland as notable standouts.

Cointelegraph recently published an Expert Take on how Switzerland is becoming a


due to its financial authority’s

balanced approach

to handling ICO regulation, as well as Swiss tax laws making the country into an


crypto tax haven.

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