Startup Market Quarterly Highlights

BLOCKCHAIN TECHNOLOGY

August 2017

Blockchain technology snapshot outline

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This snapshot provides an overview of the blockchain technology sector and is broken down into three sections

Sector Description

High-level sector metrics, innovation quadrant, and

category definitions

Trends & Insights

Infographics and data points for the blockchain technology

sector

Quarterly Activity

Major funding and exit events from the previous

90 days

Venture Scanner reports are built by analysts utilizing our startup database and research platform

Sector Summary

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Blockchain technology startups are creating new businesses in 12 categories

The full Venture Scanner market report and database tracks 945 companies with

$3.5B in funding

BLOCKCHAIN TECHNOLOGY

The graphic above shows a random sampling of companies in each category, data cumulative as of August 2017

Exchanges Mining Wallets

Payments Financial Services

Infrastructure Blockchain Innovations Big Data

Trust

Gambling

News

Services

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Innovation quadrant for blockchain technology

This quadrant shows a relative segmentation of the categories with respect to one another, data cumulative as of August 2017

Average Funding

ESTABLISHED HEAVYWEIGHTS

PIONEERS DISRUPTORS

Ave

rage

Age

Blockchain Innovations

Payments

Exchanges Wallets

Mining

Trust

Financial Services

Infrastructure

Big Data

News/Data

Gambling

Services

Blockchain technology startups play in many different categories (1 of 2)

6Category stats cumulative as of Augusts 2017

Big Data8 Startups, $47M Total FundingCompanies that develop tools to analyze activity on the public ledger to increase transparency

Financial Services148 Startups, $227M Total FundingCompanies that provide typical banking services using blockchain technology

Infrastructure74 Startups, $131M Total FundingCompanies that build the technology that supports the continued development of blockchain ecosystems

News and Data Services58 Startups, $6M Total FundingCompanies that provide news and raw data services around blockchain ecosystems

Exchanges230 Startups, $572M Total FundingCompanies that allow users to buy and sell crypto-currencies and implement trading strategies

Gambling37 Startups, $4M Total FundingCompanies that offer gambling opportunities using digital currencies as the stakes

Mining71 Startups, $342M Total FundingCompanies that develop the computer hardware associated with processing blockchain transactions

Payments107 Startups, $626M Total FundingCompanies that enable consumers to pay for real world goods and services using digital currencies and for merchants to accept those payments

Blockchain technology startups play in many different categories (2 of 2)

7Category stats cumulative as of Augusts 2017

Services32 Startups, $3M Total FundingCompanies that provide business services such as recruiting and tax prep, but with a digital currency focus

Wallets112 Startups, $564M Total FundingCompanies that offer consumers a place to securely store their digital currencies

Trust & Verification Services21 Startups, $239M Total FundingCompanies that help verify a digital currency user’s identity for regulatory purposes

Innovations196 Startups, $2.2B Total FundingCompanies that are working on blockchain distributed ledger technologies

Sector Trends & Insights

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Investing into the sector is occurring across a variety of categories

The Blockchain Innovations category accounts for 43% of venture funding and 18% of total companies in the blockchain technology sector

Venture Investing in Blockchain Technology

Companies are categorized by function, and therefore can exist in multiple categories. Data cumulative through August 2017

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VC Funding Count

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VC funding into blockchain tech has grown in recent years

Overall blockchain technology funding grew at a CAGR of 153% from 2011-2016, and 2017 is currently at 157% of 2016 funding

Blockchain Technology Funding Over Time

Data cumulative through August 2017

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Blockchain technology funding amounts are focused on early stage events

Blockchain Technology Funding Amount By Round

Series A financings accounted for 48% of total 2016 sector VC funding

Graphs shows only the funding rounds listed therein, data cumulative through August 2017

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Late Stage Series D Series C Series B Series A Seed

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Blockchain technology startups founded in 2014 lead in VC funding

Startups founded in 2014 account for 35% of the sector funding over the last decade, and include companies like Protocol Labs, Blockstream, and R3

Blockchain Technology Funding By Vintage Year

Data cumulative through August 2017

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Blockchain technology startups are a global phenomenon

Blockchain Technology Startup Count by Country

Data cumulative through August 2017

3500

Companies

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A variety of top investors are making bets into blockchain technology

Selected Investor Activity in Blockchain Technology

The above count represents a subset of overall investor activity, data cumulative through August 2017

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Number of Investments Number of Companies Backed

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Exits within the space have been dominated by acquisitions

Exit events within the sector has grown 14 times from 2012 to 2016, and 2017 is currently at 33% of the 2016 total

Blockchain Technology M&A and IPO Events By Year

Data cumulative through August 2017

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Public Acquired

Quarterly Notable Events

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Recent blockchain technology funding statistics

There have been 29 funding events from April 2017 through June 2017

Recent Blockchain Technology Funding Round Counts

Graph shows only the funding types listed therein

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Seed Series A Series B Series C Series D Series E Late Stage

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Recent blockchain technology funding events

Notable Recent Blockchain Technology Funding Events

Company Funding Type Amount Date

Venture $107,000,000 May 23, 2017

Initial Coin Offering $80,000,000 June 27, 2017

Series A $44,000,000 May 8, 2017

Series B $40,000,000 June 22, 2017

Post IPO Debt $25,000,000 May 11, 2017

Blockchain technology startups raised $414 million from April 2017 through June 2017

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