Proof Point
Bitcoin venture capital funding grew annually by 292% between 2012 and 2016, from $2.1 million in 2012 to $497 million in 2016
Bitcoin Venture Capital Funding
2012 – 2016 (US$ billions)
Proof Point Findings
- Bitcoin Venture Capital Funding – Includes investment on companies involved in bitcoin-related applications, such as wallets, trading platforms, infrastructure, and mining technologies
- Significant Annual Funding Growth – Grew drastically from $2.1 million in 2012 to $497.3 million in 2016, an annual growth of 292%
- Largest VC Funding – 21 Inc. raised most funding from VC firms, having closed first funding round with $116 million in 2015, followed by Coinbase with $75 million in funding, also in 2015, and Digital Asset Holdings and Circle Internet Financial, receiving $60 million each in 2016
- Key Drivers – Include growing public interest on bitcoin as alternative to traditional currencies, increasing number of merchants accepting bitcoin as payments, and expanding bitcoin applications, particularly in developing nations
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Accelerator |
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Market Disruption |
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Sector |
Financial Services
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Source |
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Date Last Updated |
May 16, 2017
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