Blockchain Enterprise Capital Funding Reaches $822 Million in 2019

Main blockchain and Net 3.zero enterprise capital agency Outlier Ventures in the present day printed its State of Blockchains Q2 report offering an outline of blockchain funding and market developments in 2019. Based on the report, blockchain start-ups raised $822 Million from 279 separate VC offers through the first half of this yr (1). 159 of the overall 279 offers associated to blockchains, had been seed stage ones. This means that entrepreneurial zeal within the ecosystem has not declined regardless of the bear market
Enterprises are not constructing proofs of ideas for the trade. They’re more and more embracing the ethos of the trade by rolling out totally developed open-source tasks and contributing to the group’s total traction and development. EY, JP Morgan and Goal have every launched open-source code over the previous six months, highlighting blockchain use instances within the monetary companies and retail sectors
Lawrence Lundy-Bryan, Associate and Head of Analysis at Outlier Ventures feedback:
“In comparison with the outsized efficiency of the 2018 bull market, giant enterprise capital raises inside the blockchain area have diminished in frequency. Nevertheless, cryptocurrency exchanges regardless of elevated regulatory exercise proceed to be a robust favorite for buyers – Bithumb trade alone raised $200 million.
“One other macro-trend we’re witnessing is direct investments into protocols in trade for each tokens and fairness. Change Listings within the type of Preliminary Change Choices (IEOs) have begun capturing public consideration over the primary half of this yr. They’re a resurgence of the ICO mannequin, with exchanges providing fast liquidity to digital asset holders by way of an inventory.”
Trying Forward…
The inflection level for blockchain and crypto property extra usually could also be right here with the announcement of Fb’s Libra. Over 100 totally different enterprises, every contributing $10 million to again the undertaking, are reported to be collaborating on bringing its personal native cryptocurrency, which some check with as a extra restricted type of digital forex, to the worldwide lots. While issues about misuse of person knowledge and lack of privateness proceed, Fb’s very public dedication guarantees some a lot wanted legitimacy to the area.
Jamie Burke, CEO at Outlier Ventures feedback:
‘’The Fb Libra initiative has polarised the crypto trade. On the one hand they and their companions convey some a lot wanted legitimacy to the area after the craziness of ICOs and naturally the promise of billions of customers. Nevertheless, many really feel what’s being proposed is extra of a Net 2.5 incremental innovation which stops in need of the true potential of cryptocurrencies. Moreover, there’s a deep distrust of Fb’s intentions and their capacity to withstand the holy grail of connecting the monetary knowledge of Libra with the social knowledge of their media platforms.”
The lately printed State of Blockchains 2019 Q2 report from Outlier Ventures is on the market to obtain at https://outlierventures.io/research/state-of-blockchains-q2-2019-blockchain-founders-raise-over-822-million-by-q2/
- Blockchain Venture Capital Funding Reaches $822 Million in 2019 – July 1, 2019
- Toronto’s Creative Destruction Lab Joins Facebook’s Libra Association – June 19, 2019
- Australia’s Power Ledger to bring P2P Energy Trading to Austria – June 19, 2019
- Litecoin Foundation Teams Up With Bibox And Ternio On Special Edition Litecoin Debitcard – June 19, 2019
- US Legislators Call for Halt to Facebook’s Cryptocurrency Plans – And to Face Congress – June 19, 2019
- Hyperledger Welcomes Diverse Line-up of New Members for Identity Project – June 18, 2019
- Facebook Announces Calibra Digital Wallet and Libra Cryptocurrency – June 18, 2019
- MIT Professor Silvio Micali’s Algorand Project Announces Date for First Auction – June 6, 2019
- SEC sues Canadian Messaging Service Kik Selling Unregistered Securities in its $100 million ICO – June 4, 2019
- CrowdEngine Teams Up With Polymath Adding Security Token Issuance to List of Crowdfunding Services – June 3, 2019
- Bitcoin Inc. CEO Morgan Rockcoon Busted – 21 Months in Prison and Fines – June 3, 2019
- Reshaping a Nation’s Logistics Sector: Singaporean Blockchain Company PLMP Cuts Multimillion Dollar Deal With Indonesia – June 3, 2019
- Swisscom TV Opens Blockchain-based Art Gallery – June 3, 2019
- Canadian Messaging Service Kik Burns $5 Million Fighting SEC Over Utility Tokens, Now Raising $5 Million More to Continue Battle – June 3, 2019
- Salesforce Introduces CRM Blockchain Platform For Selected Clients – June 3, 2019
- Block.one Plans to Tackle Pitfalls of Social Media With New Blockchain Community Called “Voice” – June 3, 2019
- CasperLabs and Ethereum on Proof of Stake Protocol at CryptoChicks in Toronto, family ran Hack-A-Thon for blockchain family – June 3, 2019
- World Economic Forum Inaugurates Global Blockchain Council to Address Lack of Well-Defined Rules for Working with Blockchain – Might 29, 2019
- India’s First Blockchain Powered VoD Platform ‘myNK’ Launches At Cannes Film Festival – Might 27, 2019
- New Zealand’s Cryptopia Exchange Packs It In – Announces Liquidation – Might 15, 2019
Additionally printed on Medium.