Bitcoin Venture Capital Funding

Bitcoin Venture Capital Funding

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


Market Disruption


Financial Services


Date Last Updated

May 16, 2017

Leave a comment