Contenu connexe Similaire à Tracxn - Blockchain Infrastructure Startup Landscape Similaire à Tracxn - Blockchain Infrastructure Startup Landscape (20) Tracxn - Blockchain Infrastructure Startup Landscape2. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
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3. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
Summary of Key Markets
Notable Companies in the Sector
Recent News
4. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on July 17, 2019.
Blockchain Infrastructure Feed Summary
4
Blockchain Infrastructure > Feed Summary
Companies developing blockchain technologies such as blockchain network, smart contracts, etc to cater to enterprise
and consumer markets.
• Inclusions: Companies developing blockchain networks,
smart contracts, mining hardware/software, application
development platform to build applications based on
blockchains, middleware infrastructure solutions which
adding functionalities of an existing blockchain network,
and enabling solutions to maintain the ecosystem of
blockchain and its applications.
• Exclusions: Companies which develop blockchain
applications, payment services that accept
cryptocurrencies as a mode of payment but do not operate
on the blockchain, etc.
• Excludes funding information of Chinese companies
Feed in Numbers
Overview
$1.8B
Funding
12
Mega
Companies
2531131
FundedCovered on
Tracxn
3
Unicorns
7
Soonicorns
31
Minicorns
7
IPO’d Cos
53
Late Stage Cos
4
14
Acquisitions
41
DeadPooled
2
Acquihired
Series A+ Cos
Hedera Hashgraph
(2018, Richardson, $124M)
Waves Platform
(2016, Moscow, $120M)
Bitfury
(2012, San Francisco, $175M)
Top Companies
5. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Investment Trend Summary
Summary of Funding Activity in Blockchain Infrastructure
5
$120M - Series C
Waves Platform (2016, Moscow, $120M)
$40M - Series B
Fantom (2018, Gangnam, $40M)
$80M - Series D
Bitfury (2012, San Francisco, $175M)
$35M - Series A
Conflux (2018, Singapore, $35M)
$62M - Series A
Algorand (2017, Boston, $66M)
$32M - Series B
Axoni (2016, New York City, $59M)
$50M - Series B
ThunderCore (2017, Sunnyvale, $50M)
$32M - Seed
Terra (2018, Seoul, $32M)
$45M - Series B
Oasis Labs (2018, Berkeley, $45M)
$30M - Series B
Chainalysis (2014, Manhattan, $53.6M)
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
Blockchain Infrastructure > Feed Summary > Investment Trend Summary
Seed Digital Currency Group (#8), Kenetic (#4), Blockchain Capital (#3)
Series A/B Digital Currency Group (#4), Pantera Capital (#4), Accel (#3)
Series C+
Union Square Ventures (#1), Pantera Capital (#1), Armat Group
(#1)
Incubators 500 Startups (#6), Plug and Play Tech Center (#5), Boost VC (#5)
Other Notable
Investors
Arrington XRP Capital (#7), Polychain (#6), MetaStable Capital
(#6)
Debt Investors Galaxy Digital (#2), Macquarie Group (#1)
Most Active InvestorsRecent Investments
76 57
114
292
437
59
2014 2015 2016 2017 2018 2019*
Y-o-Y # of Companies Founded 26 15 17 29 67 36
$1.1B
$284M
$90.2M
$57.4M
$37.2M
US
Europe
South
Korea
Israel
SEA
$ Funding
$277M
$201M
$80M
$174M
$255M
$653M
$475M
62
2014 2015 2016 2017 2018 2019*
$ Funding # Rounds
6. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Summary of exit outlook in Blockchain Infrastructure
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
500 Startups 2
Chain (2014, San Francisco, $44M)
Chain (2014, San Francisco, $44M)
RRE Ventures 2
Ripple (2012, San Francisco, $94.6M)
Chain (2014, San Francisco, $44M)
2020 Ventures 2
Ripple (2012, San Francisco, $94.6M)
Chain (2014, San Francisco, $44M)
Blockchain Capital 2
Bitfury (2012, San Francisco, $175M)
Chain (2014, San Francisco, $44M)
Digital Currency
Group
2
Hedera Hashgraph (2018, Richardson, $124M)
Chain (2014, San Francisco, $44M)
Mar 2019 Coinplay Acq by TRON
Mar 2019 Firmo Acq by eToro
Feb 2019 Neutrino Acq by Coinbase for $13.5M
Nov 2018 RSK Labs Acq by rifos.org
Sep 2018 Chain Acq by Lightyear for $500M
Jul 2015 Penta Security Acq by Liberty for $163M
May 2015 Bitcoin Brains Acq by BitNational for $2.1M
Blockchain Infrastructure > Feed Summary > Exit Outlook Summary
Digital Asset
Holdings
2 Hyperledger Project (Jun 2015), Blockstack (Oct 2015)
Synopsys 1 Elliptic (Jun 2015)
Coinbase 1 Neutrino (Feb 2019, $13.5M)
Entrust Datacard 1 nCipher (Feb 2019)
eToro 1 Firmo (Mar 2019)
Recent IPOs Top Acquisitions
Hancom Secure Nov 2001
Security solution for enterprises
IPO MCap: $45.2M
Blockchain Holding Jun 1998
Cryptocurrency mining hardware solutions
IPO MCap: $425k
SkyChain Technologies Aug 1996
Mining service provider
IPO MCap: -
BlockMint Feb 2019
Cryptocurrency mining software provider
IPO MCap: -
Tymlez Nov 2018
Blockchain-based enterprise solutions.
IPO MCap: $20.6M
InterBit Nov 2015
Blockchain-based application development
IPO MCap: $352k
Marathon Patent Group Jun 2015
Cryptocurrency mining company
IPO MCap: -
7. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Key Sub Sectors in Blockchain Infrastructure Sector
Summary of Key Markets
7
Other Notable Markets
# Cos on
Platform
Last 2 Years
$ Invested # Round
Mining >
Software 60 $15.1M 2
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Blockchain Network
166 $325M 29
Application Development Platforms
324 $251M 31
Blockchain Network >
Finance 74 $257M 15
Middleware >
Sidechain 38 $384M 10
Enablers > Security >
Compliance and Risk Management 42 $69.6M 11
Mining >
Hardware 124 $186M 5
Enablers >
Security 43 $53.6M 11
Smart Contracts
109 $54.2M 9
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Blockchain Network
Companies offering protocols for building blockchain-
based solutions
240 73 $698M
Application Development Platforms
Companies which offer application development
platform on top of third-party blockchains
324 83 $407M
Mining
Companies that provide services & solutions for
mining in the blockchain ecosystem
185 17 $287M
Enablers
Companies offering solutions to maintain the
ecosystem of blockchain and its applications
196 39 $230M
Middleware
Companies offering infrastructure solutions which
adding functionalities of an existing...
77 23 $166M
Smart Contracts
Companies enabling digitized agreements on a public
ledger using blockchain technology
109 18 $24.7M
Blockchain Infrastructure > Feed Summary > Summary of Key Markets
8. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
List of Notable Companies in Blockchain Infrastructure
Notable Companies in the Sector
8
Note: *(Founded Year, Location, Total Funding)
Blockchain Infrastructure > Feed Summary > Notable Companies in the Sector
Public
Hancom Secure
(1999, Seongnam-si)*
Tymlez
(2016, The Hague)
Blockchain Holding
(2016)
InterBit
(2015, London)
Marathon Patent Group
(2013, Las Vegas)
BlockMint
(2018, Portland)
SkyChain Technologies
(1977, Vancouver)
Acquired
Chain
(2014, San Francisco, $44M)
Penta Security
(1997, Seoul, $8M)
Unicorns
Bitfury
(2012, San Francisco, $175M)
Hedera Hashgraph
(2018, Richardson, $124M)
Ripple
(2012, San Francisco, $94.6M)
10. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
List of Notable Companies by Market in Blockchain Infrastructure
Notable Companies by Market (1/3)
10
Blockchain Infrastructure > Feed Summary > Notable Companies by Market
Blockchain Network
Blockchain Network
R3 (2013, New York City, $112M)
Consortium of financial enterprises aiming to
create digital ledger technology
Soonicorn. Stage: Series A
YES BANK, TIS, CLS Group and 12 Other Investors
Tymlez (2016, The Hague)
Blockchain-based enterprise solutions.
Stage: Public
Dominet Digital Corporation
Finance
Waves Platform (2016, Moscow, $120M)
Decentralized protocol for application development
& token management
Soonicorn. Stage: Series C
Dolfin, Blockchain R&I, BlockGrounds
Ripple (2012, San Francisco, $94.6M)
Open source payment protocol for cross border
money transfer.
Unicorn. Stage: Series B
Standard Chartered, SBI Holdings, Digital Ventures
and 36 Other Investors
Mining
Hardware
Bitfury (2012, San Francisco, $175M)
Provider for Bitcoin mining hardware
Unicorn. Stage: Series D
Korelya Capital, NAVER Corp, Macquarie Group and
23 Other Investors
Blockchain Holding (2016)
Cryptocurrency mining hardware solutions
Editor's Pick. Stage: Public
Marathon Patent Group (2013, Las Vegas)
Cryptocurrency mining company
Editor's Pick. Stage: Public
SkyChain Technologies (1977, Vancouver)
Mining service provider
Stage: Public
11. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
List of Notable Companies by Market in Blockchain Infrastructure
Notable Companies by Market (2/3)
11
Blockchain Infrastructure > Feed Summary > Notable Companies by Market
Mining
Software
Helium (2006, San Francisco, $53.8M)
Gateway for cryptocurrency mining
Soonicorn. Stage: Series C
Union Square Ventures, Multicoin Capital, Khosla
Ventures and 12 Other Investors
BlockMint (2018, Portland)
Cryptocurrency mining software provider
Stage: Public
Application Development Platforms
Application Development Platforms
Hedera Hashgraph (2018, Richardson, $124M)
Application development platform
Unicorn. Stage: Funded
Digital Currency Group, BlockTower, Team In
Residence and 7 Other Investors
Chain (2014, San Francisco, $44M)
Application development platform for financial
services industry
Soonicorn. Stage: Acquired
Fiserv, Nasdaq, Visa and 23 Other Investors
Origin Protocol (2017, San Francisco, $31.5M)
Blockchain platform for building decentralized
marketplaces
Soonicorn. Stage: Series A
Blockasset Ventures, Foundation Capital,
BlockTower and 26 Other Investors
InterBit (2015, London)
Blockchain-based application development
Stage: Public
Middleware
Sidechain
Blockstream (2014, San Francisco, $101M)
Blockchain development focused on sidechains
innovation
Soonicorn. Stage: Series B
G Lab, Horizons Ventures, Digital Garage and 22
Other Investors
12. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
List of Notable Companies by Market in Blockchain Infrastructure
Notable Companies by Market (3/3)
12
Blockchain Infrastructure > Feed Summary > Notable Companies by Market
Enablers
Security
Chainalysis (2014, Manhattan, $53.6M)
Blockchain based payment fraud prevention &
compliance solutions
Soonicorn. Stage: Series B
Mitsubishi UFJ Financial Group, Sozo Ventures,
Accel and 8 Other Investors
Penta Security (1997, Seoul, $8M)
Web application firewall, database security and
IAM solution
Minicorn. Stage: Acquired
H&Q Asia Pacific, POSCO Capital, Hyundai Venture
Investment
Hancom Secure (1999, Seongnam-si)
Security solution for enterprises
Editor's Pick. Stage: Public
Lindeman Asia Investment
13. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
List of Notable Companies in Blockchain Infrastructure in China
Notable Companies in the Sector in China
13
Blockchain Infrastructure > Feed Summary > Notable Companies in the Sector in China
Acquired
Canaan
(2013, Beijing, $43.5M)
Unicorns
Bitmain
(2013, Beijing, $950M)
Jianan
(2013, Hangzhou)
14. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Recent News in Blockchain Infrastructure Sector
Recent News
14
Blockchain Infrastructure > Feed Summary > Recent News
Jul 2019
R3 launches blockchain developer toolkit for business tokens on
Corda, SiliconAngle
Jul 2019
YAO Network: An Outlier Set to Disrupt the Blockchain Status Quo,
AiThority
Jul 2019
Crypto Exchange CoinFLEX to Launch Its First Initial Futures
Offering for Polkadot’s DOT Tokens, Coinspeaker
Jul 2019
Wall Street-Backed Blockchain Consortium R3 on Its IPO
Consideration, Coinspeaker
Jul 2019
Dapp Devs Can Now Pay Users’ Fees in Icon Network’s New Fee
Model, Finance Magnates
Jul 2019 YAO Network Makes BaaS 3.0 a Reality, PR Newswire
Jul 2019
CasperLabs Announces Node 0.5 and Gets Ready for Public DevNet,
TechStartups.com
Jul 2019
Blockpass Announces First-Use KYC Services to Hong Kong Brokers
in Partnership with 2GoTrade, ACN Newswire
Jul 2019
REPEAT - Interbit™ Announces a Product Strategy Update and
Contract Signed With Xinova, LLC, GlobeNewswire
Jul 2019
Coinsilium inks agreement to promote RSK network in Southeast
Asia, Proactive Investors
Jul 2019
YES Bank brings blockchain efficiency to Indian corporate debt
market, Finextra
Jul 2019
US-Based Provident Bank To Integrate BitFury’s Blockchain
Investigation Tool, BlockTribune
Key Recent News Key Recent News
Jul 2019
SEC Approves First Blockchain Firm for Regulation A+ Funding,
Finance Magnates
Jul 2019
Blockpass to Service Ultra IEO on New Tokinex Platform, ACN
Newswire
Jul 2019
Prime Factors Partners with nCipher Security to Deliver Simple,
Fast, Secure Data Protection Solution, PRWeb
Jul 2019 Near Raises $12.1M in Funding, FinSMEs
Jul 2019 Nebulous Raises $3.25M in Seed Funding, FinSMEs
Jul 2019
R3 and GoldGram Partner to Develop GGC GoldGramCoin Token for
R3’s Corda Blockchain Platform, Financial IT
Jul 2019
Nervos Begins Mainnet Preparation with Crypto Wallet Partnership,
AiThority
Jul 2019
Blox.io Becomes First Crypto Accounting Platform To Integrate
Zilliqa Blockchain, Fintech Finance
Jul 2019
Bitcoin Daily: Hyundai-Backed Co. Teams With CasperLabs For
Blockchain Project; Blockchain Marketplace Launches For DTC
Brands, pymnts.com
Jul 2019
BTG Pactual and Dalma Capital: Adopt Tezos for STOs,
FinTechInShorts
Jul 2019
TRON Launches ‘BitTorrent Speed’ With Native Token
Functionality, Coinspeaker
Jul 2019
Former Enercare Ceo John Macdonald Joins Parity As Chair Of The
Board, BetaKit
15. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
15
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club
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17. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Investments ($M) and number of rounds in Blockchain Infrastructure; 2012-2019
Global Funding Trends (1/2)
17
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Blockchain Infrastructure > Investment Trends > Global Funding Trends
#Rounds
$Funding
3 Year CAGR
6 Year CAGR 65% # of Rounds100% $ Funding
50% # of Rounds
101% $ Funding
$277M
$10M
$201M
$80M
$174M
$255M
$653M
$475M
0
10
20
30
40
50
60
70
80
$0k
$100M
$200M
$300M
$400M
$500M
$600M
$700M
2012 2013 2014 2015 2016 2017 2018 2019*
$ Funding Predicted $ Funding # Rounds Predicted # Rounds
18. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
$0K $2M $37M $9M $4M $16M $77M $27M
$0K
$8M $163M
$71M
$170M
$208M
$377M
$235M
$0K
$0K $0K $0K $0K $30M $200M $15M
2012 2013 2014 2015 2016 2017 2018 2019 YTD
Seed Early Stage Late Stage
3 14 10 9 20 39 20
3 12
5
8
8
25 15
1 3 1
2012 2013 2014 2015 2016 2017 2018 2019 YTD
Seed Early Stage Late Stage
-
36
Total # of Rounds
18
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded Club
Global Funding Trends (2/2)
Investments ($M) and number of rounds in Blockchain Infrastructure; 2012-2019
Blockchain Infrastructure > Investment Trends > Global Funding Trends
5
17
7
8
19
41
26 123
$1.4M
$4.1M
$0.0M
$1.0M
$2.0M
$3.0M
$4.0M
$5.0M
$6.0M
$7.0M
$8.0M
0
20
40
60
80
100
120
140
2013 2014 2015 2016 2017 2018 2019 YTD Total
Entrants in Funding Club Avg. Ticket Size
$1.4M $6M $0.6M $0.3M $7.5M $5.5M $7.3M $4.1M
$0K
$277M
Total $ Invested
$120M
$123M
$50M
$130M
$224M
$495M
$206M
7
0
2
4
6
8
10
12
0
100000000
200000000
300000000
400000000
500000000
600000000
2012 2013 2014 2015 2016 2017 2018 2019 YTD
$ Funding Predicted $ Funding # of Rounds Predicted # Rounds
Mega Rounds
- - 5 2 3 5 10 4
19. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201919
Blockchain Infrastructure > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in Blockchain Infrastructure
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
Bay Area 734M 63
New York City 227M 28
Moscow 120M 1
London 92M 9
Boston 70.3M 6
Manhattan 53.6M 5
Seoul 40M 4
Gangnam 40M 2
Tel Aviv 37.4M 7
Singapore 36.9M 9
Total Funding
66
33
9
10
12
5
4
2
# Rounds
$1.1B
$284M
$90.2M
$57.4M
$37.2M
$25.6M
$20M
$20M
US
Europe
South Korea
Israel
SEA
Canada
Cayman
Islands
Taiwan
Note: Excludes funding information of China companies
20. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201920
Trend of Average Deal Size ($M)
$1.1
$3.1
$1.0 $1.1 $1.2
$3.2
2012 2013 2014 2015 2016 2017 2018
Blockchain Infrastructure > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in Blockchain Infrastructure; 2012-2018
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$20K* $32M
$1.2M $107M
$1.5M $55.2M
$15M $120M
$55M
$20M
$11.1M
$1.4M
Series C+
Series B
Series A
Seed
Stage
$5.3
$16.6
$23.9
$29.0 $26.0
$30.0
$100.0
$2.7
$17.0
$4.0
$24.8 $30.3
$16.4
21. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Note: 189 companies with undisclosed funding amount are not included
21
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
22
40
27
7
5
No. of Companies
Blockchain Infrastructure > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in Blockchain Infrastructure; as of Jul 2019
Distribution of companies by Funding Range
$9M
$147M
$578M
$447M
$632M
$ Investment
22. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Stage No. of Companies
Funding
Funnel
100%
22%
5%
2%
0%
22
Note: Numbers in the brackets show the count of companies
Time to raise
next round
4
20
53
253
1131
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
22% 2%
(18)
1%
(10)
0%
(2)
4%
(40)
74%
(836)
21% 6%
(14)
2%
(6)
0%
(1)
2%
(6)
76%
(193)
38% 19%
(10)
6%
(3)
- 4%
(2)
58%
(31)
20% 35%
(7)
5%
(1)
- - 80%
(16)
- 75%
(3)
- - - 50%
(2)
Blockchain Infrastructure > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in Blockchain Infrastructure
Funding Funnel
12 Months
13 Months
29 Months
Investment backedBootstrapped
7
3
9
3
5
4
Soonicorns
Unicorns
Acquisitions
IPOs
23. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201923
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Blockchain Infrastructure > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Blockchain Infrastructure; Jul 2017-Jul 2019
Notable Investments in last 24 months (1/5)
LATE STAGE
$120M - Series C Dec 2018
Waves Platform (2016, Moscow, $120M)
Decentralized protocol for application development
& token management
Dolfin
$80M - Series D Nov 2018
Bitfury (2012, San Francisco, $175M)
Provider for Bitcoin mining hardware
Korelya Capital, NAVER Corp, Macquarie Group,
Armat Group, Jabre Capital, Foyer, Itech Capital,
MACSF, LIANGroup, Dentsu Innovation Partners,
Galaxy Capital Partners
$15M - Series C Jun 2019
Helium (2006, San Francisco, $53.8M)
Gateway for cryptocurrency mining
Union Square Ventures, Multicoin Capital, Khosla
Ventures, GV, FirstMark, Munich Re
EARLY STAGE
$62M - Series A Oct 2018
Algorand (2017, Boston, $66M)
PoS Blockchain protocol
Union Square Ventures, Pillar, China Merchants
Bank, Slow Ventures, Eterna Capital
$50M - Series B Feb 2019
ThunderCore (2017, Sunnyvale, $50M)
Decentralized platform for the deployment of dApps
Electric Capital, ZhenFund, Arrington XRP Capital,
SV Angel, Pantera Capital, Hashed, Huobi Global,
MetaStable Capital, FBG Capital
$45M - Series B Jul 2018
Oasis Labs (2018, Berkeley, $45M)
Decentralized cloud computing platform
Andreessen Horowitz, Accel, Binance, Data
Collective, Gaorong Capital, Electric Capital,
Foundation Capital, Polychain
EARLY STAGE
$40M - Series B Jun 2018
Fantom (2018, Gangnam, $40M)
DAG-based smart contracts
Signum Capital, 8 Decimal Capital, Arrington XRP
Capital, LinkVC, Nirvana Capital, JRR Crypto
$35M - Series A Dec 2018
Conflux (2018, Singapore, $35M)
Blockchain Protocol Layer
IMO Ventures, Sequoia Capital, F2Pool, Huobi,
Nirvana, Frees Fund, Shunwei Capital, Naval
Ravikant, Baidu Ventures, MetaStable Capital
$32M - Series B Aug 2018
Axoni (2016, New York City, $59M)
Blockchain solutions for capital markets
Andreessen Horowitz, Coatue, Y Combinator, Wells
Fargo, NEX, Digital Currency Group, JPMorgan,
Citigroup, FPrime Capital Partners, Franklin
Templeton Investments, Goldman Sachs Investment
Partners, Nyca, Goldman Sachs
24. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201924
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Blockchain Infrastructure > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Blockchain Infrastructure; Jul 2017-Jul 2019
Notable Investments in last 24 months (2/5)
EARLY STAGE
$30M - Series B Feb 2019
Chainalysis (2014, Manhattan, $53.6M)
Blockchain based payment fraud prevention &
compliance solutions
Accel, Benchmark
$28.5M - Series A Apr 2018
Origin Protocol (2017, San Francisco, $31.5M)
Blockchain platform for building decentralized
marketplaces
Blockasset Ventures, Foundation Capital,
BlockTower, Smart Contract, FBG Capital, Kenetic,
Hashed, Kamal Ravikant, Danhua Capital, Alexis
Ohanian, Gil Penchina, Steve Jang, Turing, Continue
Capital, 1kx, Spartan Group, PreAngel Fund, Beyond
Blocks, Garry Tan, Alexis Ohanian, Randall Kaplan,
Sora Ventures, Kindred Ventures, Cypher Capital
$25M - Series B Nov 2017
Blockstream (2014, San Francisco, $101M)
Blockchain development focused on sidechains
innovation
G Lab
EARLY STAGE
$22M - Series B Oct 2017
AION (2017, Toronto, $22M)
Inter-blockchain operability network
Nuco
$20M - Series B Apr 2019
Provenance (2018, San Francisco, $20M)
Public & distributed stakeholder blockchain for the
financial services industry
$20M - Series A Jan 2019
CasperLabs (2017, $20M)
Blockchain based platform for sidechain
development
$20M - Series A Aug 2018
DEXON (2018, Taipei, $20M)
Application development platform
IDG Capital
$18.9M - Series B May 2019
Alchemy (2018, San Francisco, $18.9M)
Platform for blockchain and DApps development
EARLY STAGE
$16M - Series A Apr 2018
Chainalysis (2014, Manhattan, $53.6M)
Blockchain based payment fraud prevention &
compliance solutions
Benchmark
$16M - Series A Apr 2019
Coda (2018, San Francisco, $16M)
Blockchain protocol for application development
Accomplice, Coinbase Ventures, Paradigm, General
Catalyst Partners, Polychain, Electric Capital
$16M - Series A Jun 2019
Fireblocks (2018, New York City, $16M)
Digital asset security platform
CyberStarts, Tenaya Capital, Eight Roads Ventures,
Swisscom, MState
25. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201925
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Blockchain Infrastructure > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Blockchain Infrastructure; Jul 2017-Jul 2019
Notable Investments in last 24 months (3/5)
EARLY STAGE
$15M - Series A Sep 2018
Spacemesh (2017, Herzliya, $18M)
Proof-of-Space-Time consensus protocol
cryptocurrency
Polychain, Paradigm Capital, MetaStable Capital,
Arrington XRP Capital, Danhua Capital, Jack Herrick,
Bain Capital, 1KX, Electric Capital, Collaborative
Fund, Slow Ventures, Dekrypt Capital, BRM Group,
gumi Cryptos, Gigi Levy-Weiss, IAngels, Coinbase
Ventures
$15M - Series A Feb 2019
CipherTrace (2016, Menlo Park, $18M)
Forensics and investigation tools for
Cryptocurrencies
Aspect Ventures, Galaxy Digital, WestWave Capital,
Neotribe
EARLY STAGE
$12.1M - Series A Jul 2019
NEAR (2018, San Francisco, $12.1M)
Application development platform
Accomplice, Electric Capital, MetaStable Capital,
Pantera Capital, A Capital Venture, Coinbase
Ventures, Xpring, Amplify Partners, Andrew Keys,
Multicoin Capital, IDEO CoLab, Scalar Capital, Naval
Ravikant
$10M - Series A May 2019
QED-it (2016, Tel Aviv, $10M)
Security platform for distributed ledgers
MizMaa Ventures, RGAX, Meron, Collider, Jovono,
Target Global, Ant Financial
$9.8M - Series A Mar 2019
Tendermint (2015, San Francisco, $9.8M)
Application development platform
Bain Capital, 1confirmation, Paradigm Capital
EARLY STAGE
$8.9M - Series B May 2018
Blocko (2014, Seongnam-si, $14M)
Blockchain development platform on cloud
Samsung Venture Investment, Daesung Venture
Investment, Wonik Investment Partners, Premier
Partners, POSCO Capital, POSCO, SparkLabs
$6M - Series B Apr 2019
Chainalysis (2014, Manhattan, $53.6M)
Blockchain based payment fraud prevention &
compliance solutions
Mitsubishi UFJ Financial Group, Sozo Ventures
$6M - Series A May 2019
Data Gumbo (2016, Houston, $9.3M)
Blockchain as a service platform
Saudi Aramco Energy Ventures, Equinor
$5.5M - Series A Jun 2019
Clause (2015, New York City, $10.5M)
Contract management solutions
Galaxy Digital, DocuSign, Seedcamp, Raptor Group,
Zach Weinberg, Nat Turner, Tom Gonser, Jonathan
Summers
26. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201926
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Blockchain Infrastructure > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Blockchain Infrastructure; Jul 2017-Jul 2019
Notable Investments in last 24 months (4/5)
EARLY STAGE
$5M - Series A May 2018
R3 (2013, New York City, $112M)
Consortium of financial enterprises aiming to create
digital ledger technology
CLS Group
$5M - Series A Jan 2018
Elliptic (2014, London, $11M)
Bitcoin's blockchain intelligence & risk management
company
Paladin Capital, Santander InnoVentures, KRW
Schindler, Digital Currency Group, Octopus Ventures
$4.2M - Series A Dec 2018
Clause (2015, New York City, $10.5M)
Contract management solutions
$4M - Series A Jan 2018
Elliptic (2014, London, $11M)
Bitcoin's blockchain intelligence & risk management
company
EARLY STAGE
$4M - Series B Nov 2018
Axoni (2016, New York City, $59M)
Blockchain solutions for capital markets
Hsbc
Series A Jun 2018
R3 (2013, New York City, $112M)
Consortium of financial enterprises aiming to create
digital ledger technology
TIS
SEED STAGE
$32M - Seed Aug 2018
Terra (2018, Seoul, $32M)
Decentralized financial infrastructure for payments
OKEX, Huobi, TransLink Capital, Polychain, Hashed,
FBG Capital, Kenetic, Arrington XRP Capital, 1kx,
Dunamu & Partners, Binance
$3M - Seed May 2018
Spacemesh (2017, Herzliya, $18M)
Proof-of-Space-Time consensus protocol
cryptocurrency
BRM Group, IAngels, Bancor Protocol
$3M - Seed May 2018
Witnet (2017, Madrid, $4.1M)
Decentralized oracle network for smart contracts
CounterPointe Ventures
$3M - Seed Mar 2018
CipherTrace (2016, Menlo Park, $18M)
Forensics and investigation tools for
Cryptocurrencies
Neotribe
27. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201927
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Blockchain Infrastructure > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Blockchain Infrastructure; Jul 2017-Jul 2019
Notable Investments in last 24 months (5/5)
SEED STAGE
$1.7M - Seed Jan 2019
TRM (2018, San Francisco, $1.7M)
Risk and compliance management solution for
crypto companies
Blockchain Capital, Tapas, Alumni Ventures Group,
The MBA Fund, Green D Ventures
$1.4M - Seed Dec 2017
Data Gumbo (2016, Houston, $9.3M)
Blockchain as a service platform
$1.1M - Seed Mar 2018
Witnet (2017, Madrid, $4.1M)
Decentralized oracle network for smart contracts
$220k - Seed Jan 2018
Dash (2015, Mexico City, $220k)
Anonymous transaction service provider
Seed May 2019
Terra (2018, Seoul, $32M)
Decentralized financial infrastructure for payments
LuneX
SEED STAGE
Seed Feb 2019
Terra (2018, Seoul, $32M)
Decentralized financial infrastructure for payments
Kakao Investment, Kakao Ventures
Seed Jun 2018
QED-it (2016, Tel Aviv, $10M)
Security platform for distributed ledgers
MizMaa Ventures
Seed Jun 2018
BlockRe (2017, New York City)
Risk and compliance management for crypto-assets
Plug and Play Tech Center
Seed Mar 2018
Zilliqa (2017, Singapore)
Public blockchain based on sharding technology
NGC
28. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201928
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Blockchain Infrastructure > Investment Trends > Notable Investments in last 24 months in China
Major funding rounds by Stage in Blockchain Infrastructure; Jul 2017-Jul 2019
Notable Investments in last 24 months in China
LATE STAGE
$560M - Series C Aug 2018
Bitmain (2013, Beijing, $950M)
Bitcoin miner manufacturer specializing in ASICs
EARLY STAGE
$340M - Series B Jul 2018
Bitmain (2013, Beijing, $950M)
Bitcoin miner manufacturer specializing in ASICs
Sequoia Capital, Coatue, EDBI
$234M - Series B Jun 2018
Fun Chain Technology (2016, Hangzhou,
$234M)
Blockchain-based solutions for enterprises
Xinhu Zhongbao, SDIC
$50M - Series A Sep 2017
Bitmain (2013, Beijing, $950M)
Bitcoin miner manufacturer specializing in ASICs
Sequoia Capital, IDG Capital, ING
$40M - Series A Sep 2018
Cocos-BCX (2017, Beijing, $40M)
App development platform for building
decentralized games
NGC, 500 Startups, Binance
EARLY STAGE
$30M - Series B Nov 2018
AERGO (2018, Hong Kong, $38.9M)
SQL-based smart contract protocol
Sequoia Capital, GBIC, NGC, Dekrypt Capital, JRR
Crypto, FBG Capital, Arrington XRP Capital, Block
Crafters Capital, Rockaway Capital
$28M - Series A Jul 2018
Nervos Network (2018, Hangzhou, $28M)
Suite of interoperable protocols for dApps
Polychain, Sequoia Capital, Bixin, imToken,
Blockchain Capital, Matrix Partners China, Ceyuan
Investment Consulting, FBG Capital, Multicoin
Capital, Dekrypt Capital, 1confirmation
29. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Most Active Investors (VC, PE) by Stage in Blockchain Infrastructure; Last 5 years (Jul 2014-Jul 2019)
Most Active VC & PE Investors
29
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Blockchain Infrastructure > Investment Trends > Most Active VC & PE Investors
SEED STAGE
Digital Currency Group (8 Investments)
Chainalysis, Blockstack, Horizen Labs
1
Kenetic(4 Investments)
Terra, TransitNet, Merkle Science
2
Blockchain Capital (3 Investments)
Blockstream, BlockCypher, TRM
3
KR1(3 Investments)
Enigma, Cosmos, Ethereum
4
Dunamu & Partners (3 Investments)
Terra, Band Protocol, CodeChain
5
Andreessen Horowitz (2 Investments)
dYdX, Chia Network
6
Canaan Partners(2 Investments)
SKALE Labs, Tari
7
Union Square Ventures(2 Investments)
Algorand, Blockstack
8
SV Angel (2 Investments)
Blockstack, Nebulous
9
AME Cloud Ventures(2 Investments)
Blockstream, BlockCypher
10
EARLY STAGE
Digital Currency Group (4 Investments)
Blockchain, Axoni, Elliptic
1
Pantera Capital(4 Investments)
ThunderCore, Chain, NEAR
2
Accel (3 Investments)
Chainalysis, Oasis Labs, KnCMiner
3
Andreessen Horowitz (3 Investments)
Axoni, Oasis Labs, TradeBlock
4
Khosla Ventures(3 Investments)
Helium, Chain, Synthetic Minds
5
Coinbase Ventures (3 Investments)
Spacemesh, Coda, NEAR
6
GV (2 Investments)
Blockchain, Helium
7
Foundation Capital (2 Investments)
Oasis Labs, Origin Protocol
8
SV Angel (2 Investments)
ThunderCore, Chain
9
RRE Ventures(2 Investments)
Ripple, Chain
10
LATE STAGE
Union Square Ventures
Helium
1
Pantera Capital
Cypherium
2
Armat Group
Bitfury
3
Korelya Capital
Bitfury
4
30. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201930
Blockchain Infrastructure > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in Blockchain Infrastructure; Last 5 years (Jul 2014-Jul 2019)
Most Active Ecosystem Investors
INCUBATOR/ACCELERATOR
500 Startups(6 Investments)
Chain, BlockCypher, Skry
1
Plug and Play Tech Center(5 Investments)
QED-it, Blockdaemon, Stellar
2
Boost VC(5 Investments)
Witnet, BlockCypher, SKALE Labs
3
Techstars(4 Investments)
Chainalysis, Loom Network, Transmute
4
The Hive(4 Investments)
Blockstream, Lightning Labs, Skry
5
Y Combinator(3 Investments)
Axoni, TradeBlock, Synthetic Minds
6
Entrepreneur First(2 Investments)
AZTEC protocol, Merkle Science
7
MState(2 Investments)
Fireblocks, Blockdaemon
8
Jerusalem Venture Partners
Valid Network
9
Fifth Era
Zcash Electric Coin Company
10
OTHER NOTABLE INVESTORS
Arrington XRP Capital(7 Investments)
ThunderCore, Fantom, Terra
1
Polychain(6 Investments)
Oasis Labs, Terra, Spacemesh
2
MetaStable Capital(6 Investments)
ThunderCore, Oasis Labs, Conflux
3
Electric Capital(5 Investments)
ThunderCore, Oasis Labs, Spacemesh
4
Multicoin Capital(5 Investments)
Helium, NEAR, dfuse
5
Danhua Capital(4 Investments)
Origin Protocol, Spacemesh, Chia Network
6
FBG Capital(4 Investments)
ThunderCore, Terra, Origin Protocol
7
INBlockchain(4 Investments)
Nebulous, Logos Network, Adrealm
8
CoinFund(3 Investments)
Kadena, The Graph, GEO Protocol
9
Wells Fargo(2 Investments)
R3, Axoni
10
DEBT INVESTORS
Galaxy Digital(2 Investments)
CipherTrace, Clause
1
Macquarie Group
Bitfury
2
31. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201931
Blockchain Infrastructure > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/3)
32. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201932
Blockchain Infrastructure > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (2/3)
33. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201933
Blockchain Infrastructure > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (3/3)
34. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201934
Blockchain Infrastructure > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector
35. Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
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Jul 2019
Vernacular Platforms
Jun 2019
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Jun 2019
36. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
36
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Investment Activity
Top Markets of Early Stage Investors
Other Notable Markets
Market Deep Dive
37. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Key Sub Sectors
37
Key Sub Sectors in Blockchain Infrastructure
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Blockchain Network
Companies offering protocols for building blockchain-based solutions
Waves Platform (2016, Moscow, $120M)
R3 (2013, New York City, $112M)
240 73 $698M
Application Development Platforms
Companies which offer application development platform on top of third-party blockchains
Hedera Hashgraph (2018, Richardson,
$124M)
ThunderCore (2017, Sunnyvale, $50M)
324 83 $407M
Mining
Companies that provide services & solutions for mining in the blockchain ecosystem
Bitfury (2012, San Francisco, $175M)
Helium (2006, San Francisco, $53.8M)
185 17 $287M
Enablers
Companies offering solutions to maintain the ecosystem of blockchain and its applications
Blockchain (2011, London, $70M)
Chainalysis (2014, Manhattan, $53.6M)
196 39 $230M
Middleware
Companies offering infrastructure solutions which adding functionalities of an existing
blockchain network
Blockstream (2014, San Francisco, $101M)
CasperLabs (2017, $20M)
77 23 $166M
Smart Contracts
Companies enabling digitized agreements on a public ledger using blockchain technology
Clause (2015, New York City, $10.5M)
Data Gumbo (2016, Houston, $9.3M)
109 18 $24.7M
Blockchain Infrastructure > Market Details > Key Sub Sectors
38. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Detailed Sector Taxonomy (1/2)
38
Blockchain Infrastructure > Market Details > Detailed Sector Taxonomy
39. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Detailed Sector Taxonomy (2/2)
39
Blockchain Infrastructure > Market Details > Detailed Sector Taxonomy
40. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(-)
Application Development Platforms
Companies which offer application development platform on top of third-party blockchains
(Companies covered 324 | Funded 83 | Total Funding $407M)
$199M
(+$149M)
30
(+20)
ThunderCore
(2017, Sunnyvale, $50M)
2
(-)
Blockchain Network
Companies offering protocols for building blockchain-based solutions
(Companies covered 166 | Funded 52 | Total Funding $379M)
$251M
(+$137M)
25
(+16)
Algorand
(2017, Boston, $66M)
3
(-)
Blockchain Network > Finance
Companies offering blockchain protocols for the finance industry
(Companies covered 74 | Funded 21 | Total Funding $319M)
$198M
(+$121M)
14
(+10)
Waves Platform
(2016, Moscow, $120M)
4
(+3)
Enablers > Security > Compliance and Risk Management
Companies providing solutions for maintaining risk and compliance management for Blockchain
infrastructure
(Companies covered 42 | Funded 15 | Total Funding $75.5M)
$69.6M
(+$65.9M)
11
(+7)
Chainalysis
(2014, Manhattan, $53.6M)
5
(+4)
Enablers > Security
Companies which offer security solutions to the blockchain infrastructure
(Companies covered 43 | Funded 16 | Total Funding $61.8M)
$53.6M
(+$53.6M)
11
(+11)
Fireblocks
(2018, New York City, $16M)
6
(-1)
Mining > Hardware
Companies that provide blockchain mining hardware such as FPGA and ASIC machines
(Companies covered 124 | Funded 15 | Total Funding $233M)
$86M
(+$53M)
4
(+2)
Bitfury
(2012, San Francisco, $175M)
7
(-1)
Middleware > Sidechain
Companies enabling sidechain innovation for the blockchain protocols
(Companies covered 38 | Funded 14 | Total Funding $140M)
$64.4M
(+$9.4M)
7
(+6)
Blockstream
(2014, San Francisco, $101M)
40
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/2)
Top Markets by Funding in Blockchain Infrastructure in last 2 years (July 2017 - June 2019)
Blockchain Infrastructure > Market Details > Top Markets of Investment Activity
41. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201941
Top Markets of Investment Activity (2/2)
Blockchain Infrastructure > Market Details > Top Markets of Investment Activity
42. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Rank Market # Investments Key Investments
1
Blockchain Network
Companies offering protocols for building blockchain-based solutions
(Companies created 166 | Funded 52 | Total Funding $379M )
2
Oasis Labs (2018, Berkeley, $45M)
Conflux (2018, Singapore, $35M)
2
Application Development Platforms
Companies which offer application development platform on top of third-party blockchains
(Companies created 324 | Funded 83 | Total Funding $407M )
2
ThunderCore (2017, Sunnyvale, $50M)
Coda (2018, San Francisco, $16M)
3
Enablers > Security > Compliance and Risk Management
Companies providing solutions for maintaining risk and compliance management for Blockchain
infrastructure
(Companies created 42 | Funded 15 | Total Funding $75.5M )
2 Chainalysis (2014, Manhattan, $53.6M)
4
Enablers > Security
Companies which offer security solutions to the blockchain infrastructure
(Companies created 43 | Funded 16 | Total Funding $61.8M )
1 Synthetic Minds (2018, San Francisco,
$5.6M)
Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer
Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures
42
Top Markets of Early Stage Investors
Top Markets where Early Stage Investors are investing in last 2 years (July 2017 - June 2019)
Blockchain Infrastructure > Market Details > Top Markets of Early Stage Investors
43. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Rank Market
Last 2 Years
# of Comp Founded $ Invested # Round Top Funded Company
1
Enablers > Blockchain Explorer
Companies providing information and analysis related to the blocks which are mined
or added in the blockchain
(Companies covered 111 | Funded 8 | Total Funding $92.7M)
72 $0
(0)
0
(-)
Skry
(2014, Palo Alto, $1.3M)
43
Other Notable Markets
Other Notable Markets with high Entrepreneurial Activity in Blockchain Infrastructure in last 2 years (July 2017 - June 2019)
Blockchain Infrastructure > Market Details > Other Notable Markets
44. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Incubators Techstars (#2), 500 Startups (#2)
Seed Digital Currency Group (#2), INBlockchain (#2)
Series A/B Pantera Capital (#3), Electric Capital (#3)
Series C+
Coinplay Mar - 2019
Acq by TRON
Chain Sep - 2018
Acq by Lightyear for $500M
$12.1M - Series A
NEAR (2018, San Francisco, $12.1M)
Series A
Finboot (2016, Barcelona)
$18.9M - Series B
Alchemy (2018, San Francisco, $18.9M)
$16M - Series A
Coda (2018, San Francisco, $16M)
Seed
Blockdaemon (2017, Brooklyn, $3.8M)
$9.8M - Series A
Tendermint (2015, San Francisco,
$9.8M)
Seed
Computable Labs (2017, San
Francisco)
$50M - Series B
ThunderCore (2017, Sunnyvale,
$50M)
$750k - Seed
Pocket Network (2018, Tampa,
$750k)
Jul 2019
REPEAT - Interbit™ Announces a Product Strategy Update
and Contract Signed With Xinova, LLC, GlobeNewswire
Jul 2019
SEC Approves First Blockchain Firm for Regulation A+
Funding, Finance Magnates
Jul 2019 Near Raises $12.1M in Funding, FinSMEs
Jul 2019
Former Enercare Ceo John Macdonald Joins Parity As Chair
Of The Board, BetaKit
Jul 2019
Crowd Machine Celebrates Growth of Crowd Academy with
New Enhancements, PR Newswire
Jul 2019
YGGDRASH TestNet Beta Release Creates Movements in the
Crypto Market, Newswire
Jul 2019
Finboot Secured an Investment from Repsol and Blockchain
Solution Contract, Financial IT
Jun 2019
LG Uses Kakao’s Enterprise-based Blockchain dApp
Ecosystem, Coinspeaker
Jun 2019
Kakao launches blockchain platform for enterprise service,
Korea Herald
Jun 2019
Celer and Wyre Partner for Zero Fee Mobile dApps with
Liquidity, Business Wire
Jun 2019
Metaverse Capital set to play leading role in Elixxir's
payment and communications network, Proactive Investors
Jun 2019
EOS Blockchain Developer Block.one Purchased Voice.com
Domain Name For $30M USD, BlockTribune
Apr 2019
Coda Protocol raises $16M to build out its tiny blockchain,
SiliconAngle
News
4
4
18
83
324
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Application Development Platforms: Market Factsheet
44
Exits
Most Active Investors
Recent InvestmentsCompanies which offer
application development platform
on top of third-party blockchains
Hedera Hashgraph
(2018, Richardson, $124M)
ThunderCore
(2017, Sunnyvale, $50M)
Chain
(2014, San Francisco, $44M)
Origin Protocol
(2017, San Francisco, $31.5M)
DEXON
(2018, Taipei, $20M)
Top Companies
#1 Top Markets of Investment Activity
Blockchain Infrastructure > Market Details > Market: Application Development Platforms
Companies Created 324 | Funded 83 | Total Funding $407M
0
20
40
$0k
$100M
$200M
2014 2015 2016 2017 2018
Predicted Funding YoY Funding
Rounds Predicted Rounds
YoY Funding and Rounds
Market: Application Development Platforms
45. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201945
Application Development Platforms: Top Companies
Blockchain Infrastructure > Market Details > Market: Application Development Platforms
#1 Top Markets of Investment Activity
Market: Application Development Platforms (1/4)
Analyst’s Pick
Hedera Hashgraph (2018, Richardson, $124M)
Application development platform
Unicorn. Stage: Funded
Digital Currency Group, BlockTower, Team In
Residence and 7 Other Investors
ThunderCore (2017, Sunnyvale, $50M)
Decentralized platform for the deployment of
dApps
Minicorn. Stage: Series B
Electric Capital, ZhenFund, Arrington XRP Capital
and 17 Other Investors
Chain (2014, San Francisco, $44M)
Application development platform for financial
services industry
Soonicorn. Stage: Acquired
Fiserv, Nasdaq, Visa and 23 Other Investors
Origin Protocol (2017, San Francisco, $31.5M)
Blockchain platform for building decentralized
marketplaces
Soonicorn. Stage: Series A
Blockasset Ventures, Foundation Capital,
BlockTower and 26 Other Investors
Analyst’s Pick
DEXON (2018, Taipei, $20M)
Application development platform
Minicorn. Stage: Series A
IDG Capital
Alchemy (2018, San Francisco, $18.9M)
Platform for blockchain and DApps development
Minicorn. Stage: Series B
Coda (2018, San Francisco, $16M)
Blockchain protocol for application development
Minicorn. Stage: Series A
Accomplice, Coinbase Ventures, Paradigm and 3
Other Investors
Blocko (2014, Seongnam-si, $14M)
Blockchain development platform on cloud
Minicorn. Stage: Series B
Samsung Venture Investment, Daesung Venture
Investment, Wonik Investment Partners and 5
Other Investors
Analyst’s Pick
NEAR (2018, San Francisco, $12.1M)
Application development platform
Minicorn. Stage: Series A
Accomplice, Electric Capital, MetaStable Capital and
11 Other Investors
Tendermint (2015, San Francisco, $9.8M)
Application development platform
Minicorn. Stage: Series A
Bain Capital, 1confirmation, Paradigm Capital
Blockstack (2015, New York City, $6.8M)
blockchain application development platform
Editor's Pick. Stage: Series A
Union Square Ventures, SV Angel, High Line
Venture Partners and 19 Other Investors
PDX Blockchain (2015, $4.4M)
Application development platform
Editor's Pick. Stage: Seed
Lenovo Venture Capital, Kunzhong Capital
46. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201946
Application Development Platforms: Top Companies
Blockchain Infrastructure > Market Details > Market: Application Development Platforms
#1 Top Markets of Investment Activity
Market: Application Development Platforms (2/4)
Analyst’s Pick
Blockdaemon (2017, Brooklyn, $3.8M)
Blockchain deployment solution
Editor's Pick. Stage: Seed
Lerer Hippeau Ventures, BoldStart Ventures,
MState and 7 Other Investors
BlockCypher (2013, Redwood City, $3.5M)
Cloud-optimized full blockchain nodes
Minicorn. Stage: Seed
Fenox Venture Capital, Upside Partnership, AME
Cloud Ventures and 14 Other Investors
Band Protocol (2017, Tortola, $3M)
Application development platform for building
token-curated communities
Editor's Pick. Stage: Seed
Sequoia Capital, Dunamu & Partners
Orb (2014, Tokyo, $2.3M)
Community cryptocurrency platform for businesses
Editor's Pick. Stage: Seed
SBI Holdings, Adways, Monex Ventures and 2 Other
Investors
Analyst’s Pick
Userfeeds.io (2016, Warsaw, $450k)
The Content Ranking System for Blockchain
Communities.
Editor's Pick. Stage: Seed
Adrealm (2018, Singapore)
Application development platform for the
advertising industry
Editor's Pick. Stage: Seed
INBlockchain, Bo Shen, Jian Sun, Block Crafters
Capital
AI Crypto (2018, Singapore)
AI-based decentralized economy for the
development of the AI industries
Editor's Pick. Stage: Unfunded
Alpha Fintech (2011, Dublin)
Omnichannel payment solution access platform
Editor's Pick. Stage: Unfunded
Bcoin (2015, San Francisco)
Application development platform
Editor's Pick. Stage: Funded
Digital Finance Group
Analyst’s Pick
BetProtocol (2018, Sintra)
Blockchain-based betting solutions
Editor's Pick. Stage: Funded
Shilling Capital
Blk Technologies (2017, London)
Enterprise blockchain Middleware
Editor's Pick. Stage: Unfunded
BlockCluster (2018, San Mateo)
Application development platform
Editor's Pick. Stage: Unfunded
Blocknative (2018, San Francisco)
DApp development platform
Editor's Pick. Stage: Funded
Foundry Group, Overtly Covert
Cartesi (2018, Taipei)
Application development platform
Editor's Pick. Stage: Seed
Chinaccelerator
Catalyst Protocol (2018, London)
Decentralized app development layer focused on
distribution of content
Editor's Pick. Stage: Unfunded
47. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201947
Application Development Platforms: Top Companies
Blockchain Infrastructure > Market Details > Market: Application Development Platforms
#1 Top Markets of Investment Activity
Market: Application Development Platforms (3/4)
Analyst’s Pick
Celer Network (2018, Mountain View)
Application development platform
Editor's Pick. Stage: Funded
Pantera Capital, NGC, 500 Startups and 4 Other
Investors
Chainstack (2018, Singapore)
Application developement platform
Editor's Pick. Stage: Unfunded
Circularise (2016, The Hague)
Blockchain-based solution to trace raw materials
Editor's Pick. Stage: Unfunded
Clovyr (2018, New York City)
Application development platform
Editor's Pick. Stage: Unfunded
Coinweb (2018, London)
Platform for connecting multiple blockchains
Editor's Pick. Stage: Unfunded
CSE30 (2018, Singapore)
Blockchain based application development platform
Editor's Pick. Stage: Unfunded
Analyst’s Pick
DNotes Global (2014, Chicago)
Application development platform
Editor's Pick. Stage: Unfunded
EOS42 (2018, London)
Blockchain based EOS mainnet
Editor's Pick. Stage: Unfunded
Fintech Server (2017, Braga)
Application development platform
Editor's Pick. Stage: Funded
Cloud Money Ventures
Huobi Cloud (2018, Singapore)
Development platform for digital asset exchange
Editor's Pick. Stage: Unfunded
Hydrogen (2018, New York City)
APIs for building fintech applications
Editor's Pick. Stage: Seed
SixThirty, AlphaCoin Fund, MiddleGame Ventures,
Route 66 Ventures
Jelurida (2016, Lugano)
Application development platform
Editor's Pick. Stage: Unfunded
Analyst’s Pick
Kaleido (2017, Raleigh)
Blockchain business cloud to create blockchain
networks
Editor's Pick. Stage: Unfunded
Katallassos (2018, Zug)
Application development platform
Editor's Pick. Stage: Unfunded
Komodo (2016, Wakefield)
Decentralized platform for blockchain development
and ICO launch
Editor's Pick. Stage: Funded
Blockchain R&I
KrypC Technologies (2016, Bangalore)
Full stack Blockchain solution
Editor's Pick. Stage: Unfunded
LedgerDomain (2016, Las Vegas)
Application development platform
Editor's Pick. Stage: Unfunded
Mobilechain (2018, Netanya)
Blockchain platform for mobile apps
Editor's Pick. Stage: Funded
Blocore
48. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201948
Application Development Platforms: Top Companies
Blockchain Infrastructure > Market Details > Market: Application Development Platforms
#1 Top Markets of Investment Activity
Market: Application Development Platforms (4/4)
Analyst’s Pick
nOS (2018, Amsterdam)
Virtual operating system
Editor's Pick. Stage: Funded
Ledger Capital
PDX (2015)
Blockchain infrastructure as a service
Editor's Pick. Stage: Series A
Lenovo Venture Capital, Kunzhong Capital, Pagoda
Investment and 9 Other Investors
Portis (2018, Tel Aviv)
Application development platform
Editor's Pick. Stage: Funded
F2 Capital
Slingr (2011, Denver)
App Builder Platform
Editor's Pick. Stage: Funded
SpaceChain (2017, Singapore)
Decentralized satellite network
Editor's Pick. Stage: Unfunded
Splend (2016, Palo Alto)
Application development platform
Editor's Pick. Stage: Unfunded
Analyst’s Pick
Stratis Platform (2016, London)
Blockchain development platform
Editor's Pick. Stage: Funded
BlockGrounds, Blockchain R&I
Swipe (2018, Sao Paulo)
Financial application development platform
Editor's Pick. Stage: Unfunded
Tari (2017, Oakland)
Blockchain protocol for digital assets built on
Monero
Editor's Pick. Stage: Seed
Canaan Partners, Applied Crypto Ventures, Bee
Partners and 8 Other Investors
49. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
49
Application Development Platforms: Leaderboard
Blockchain Infrastructure > Market Details > Market: Application Development Platforms
#1 Top Markets of Investment Activity
Better than Market Average
Market: Application Development Platforms
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0 Fetch.AI 2017 Cambridge Series A $15M 2 - - - 4 9.6k - - - - - 7.5k 359%
4.7 Chain 2014
San
Francisco
Acquired $44M 4 - - - - 280 - - - - - 74 36%
4.6
Origin
Protocol
2017
San
Francisco
Series A $31.5M 2 5 5 - 4 14.5k 300 2 - - - 521 4%
4.3
Hedera
Hashgraph
2018 Richardson Funded $124M - 5 5 - 4 30.4k 3k 27 - - - 2.3k 8%
4.1 BlockCypher 2013
Redwood
City
Seed $3.5M 2 - - - - 7.3k - - - - - 170 2%
4.1
Stratis
Platform
2016 London Funded - 1 5 5 - - 138k 11k 185 1 4 2% 752 1%
4.1 Blockstack 2015
New York
City
Series A $6.8M 3 - - - - 301 - - 1 - - 8 3%
4.0
Parity
Technologies
2015 London Funded - 1 5 - - 3 30.3k - - 1 - - 1.6k 5%
4.0 Stratumn 2015 Paris Series A $9.7M 3 - - - - 1.8k - - - - - 42 2%
3.8
Blockdaemo
n
2017 Brooklyn Seed $3.8M 3 - - - 3 1.1k - - - - - 196 23%
3.8
ThunderCor
e
2017 Sunnyvale Series B $50M 1 5 - - 3 7.8k - - - - - - -
3.7 Komodo 2016 Wakefield Funded - 1 - 4 - 2 98.1k 3k 77 1 - - 3.3k 3%
3.7 BlockMason 2016
George
Town
Unfunded - - - 5 - 4 11k 8k 123 - 6 5% 993 10%
50. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Incubators Pillar (#1), Fintech71 (#1)
Seed KR1 (#3), Multicoin Capital (#2)
Series A/B MetaStable Capital (#2), Arrington XRP Capital (#2)
Series C+
Tymlez Nov - 2018
IPO'd on ASX
RSK Labs Nov - 2018
Acq by rifos.org
$3.5M - Seed
dfuse (2018, Montreal, $3.5M)
$2.5M - Seed
The Graph (2004, San Francisco,
$2.5M)
$35M - Series A
Conflux (2018, Singapore, $35M)
$6M - Series A
Dispatch (2017, San Francisco, $18M)
$62M - Series A
Algorand (2017, Boston, $66M)
Seed
NULS (2017, San Jose)
$15M - Series A
Spacemesh (2017, Herzliya, $18M)
Seed
XCHNG (2017, George Town)
Seed
DREP Foundation (2017, Singapore)
$45M - Series B
Oasis Labs (2018, Berkeley, $45M)
Jul 2019
R3 launches blockchain developer toolkit for business tokens
on Corda, SiliconAngle
Jul 2019
YAO Network: An Outlier Set to Disrupt the Blockchain
Status Quo, AiThority
Jul 2019
Wall Street-Backed Blockchain Consortium R3 on Its IPO
Consideration, Coinspeaker
Jul 2019
Dapp Devs Can Now Pay Users’ Fees in Icon Network’s New
Fee Model, Finance Magnates
Jul 2019 YAO Network Makes BaaS 3.0 a Reality, PR Newswire
Jul 2019
Coinsilium inks agreement to promote RSK network in
Southeast Asia, Proactive Investors
Jul 2019
YES Bank brings blockchain efficiency to Indian corporate
debt market, Finextra
Jul 2019
R3 and GoldGram Partner to Develop GGC GoldGramCoin
Token for R3’s Corda Blockchain Platform, Financial IT
Jul 2019
Blox.io Becomes First Crypto Accounting Platform To
Integrate Zilliqa Blockchain, Fintech Finance
Jul 2019
BTG Pactual and Dalma Capital: Adopt Tezos for STOs,
FinTechInShorts
Jul 2019
Tokensoft Platform Now Supporting Security Tokens on the
Tezos Blockchain, Crowdfund Insider
Jul 2019
Breaking Blockchain: NULS Codes Blockchains So Developers
Don’t Have To, Business Wire
Jul 2019 Raw Technology joins RSK Group, Private Equity Wire
Jun 2019 dfuse Secures US$3.5M in Seed Funding, FinSMEs
News
3
-
10
52
166
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Blockchain Network: Market Factsheet
50
Exits
Most Active Investors
Recent InvestmentsCompanies offering protocols for
building blockchain-based
solutions
R3
(2013, New York City, $112M)
Algorand
(2017, Boston, $66M)
Oasis Labs
(2018, Berkeley, $45M)
Fantom
(2018, Gangnam, $40M)
Conflux
(2018, Singapore, $35M)
Top Companies
#2 Top Markets of Investment Activity
Blockchain Infrastructure > Market Details > Market: Blockchain Network
Companies Created 166 | Funded 52 | Total Funding $379M
0
20
40
$0k
$200M
$400M
2014 2015 2016 2017 2018
Predicted Funding YoY Funding
Rounds Predicted Rounds
YoY Funding and Rounds
Market: Blockchain Network
51. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201951
Blockchain Network: Top Companies
Blockchain Infrastructure > Market Details > Market: Blockchain Network
#2 Top Markets of Investment Activity
Market: Blockchain Network (1/4)
Analyst’s Pick
R3 (2013, New York City, $112M)
Consortium of financial enterprises aiming to
create digital ledger technology
Soonicorn. Stage: Series A
YES BANK, TIS, CLS Group and 12 Other Investors
Algorand (2017, Boston, $66M)
PoS Blockchain protocol
Editor's Pick. Stage: Series A
Union Square Ventures, Pillar, China Merchants
Bank and 9 Other Investors
Oasis Labs (2018, Berkeley, $45M)
Decentralized cloud computing platform
Editor's Pick. Stage: Series B
Andreessen Horowitz, Accel, Binance and 17 Other
Investors
Fantom (2018, Gangnam, $40M)
DAG-based smart contracts
Minicorn. Stage: Series B
Signum Capital, 8 Decimal Capital, Arrington XRP
Capital and 6 Other Investors
Analyst’s Pick
Conflux (2018, Singapore, $35M)
Blockchain Protocol Layer
Editor's Pick. Stage: Series A
IMO Ventures, Sequoia Capital, F2Pool and 7 Other
Investors
AION (2017, Toronto, $22M)
Inter-blockchain operability network
Editor's Pick. Stage: Series B
Nuco, BlockGrounds, Youbi Capital and 8 Other
Investors
Spacemesh (2017, Herzliya, $18M)
Proof-of-Space-Time consensus protocol
cryptocurrency
Minicorn. Stage: Series A
Polychain, Paradigm Capital, MetaStable Capital
and 17 Other Investors
Dispatch (2017, San Francisco, $18M)
Protocol blockchain based on delegated
asynchronous proof of stake consensus mechanism
Editor's Pick. Stage: Series A
Fenbushi Digital
Analyst’s Pick
Chia Network (2017, San Francisco, $3.4M)
Blockchain based on proofs of space & time
Editor's Pick. Stage: Seed
Naval Ravikant, Greylock Partners, DCM Ventures
and 5 Other Investors
Kadena (2016, New York City, $2.9M)
Private distributed ledger technology solutions for
enterprises
Editor's Pick. Stage: Seed
CoinFund, Asimov Ventures, Youbi Capital and 3
Other Investors
The Graph (2004, San Francisco, $2.5M)
Query protocol for blockchains
Editor's Pick. Stage: Seed
Multicoin Capital, Compound, CoinFund and 2
Other Investors
Enigma (2016, San Francisco, $1.4M)
Privacy focused blockchain
Editor's Pick. Stage: Seed
Floodgate Fund, KR1, Pantera Capital and 5 Other
Investors
52. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201952
Blockchain Network: Top Companies
Blockchain Infrastructure > Market Details > Market: Blockchain Network
#2 Top Markets of Investment Activity
Market: Blockchain Network (2/4)
Analyst’s Pick
Integrity (2018, Toronto)
Blockchain protocol layer
Minicorn. Stage: Unfunded
Tezos (2014, Zug)
Distributed consensus platform with meta-
consensus capability
Minicorn. Stage: Funded
Boost VC, Hashchain Capital, Draper Associates and
4 Other Investors
Zilliqa (2017, Singapore)
Public blockchain based on sharding technology
Minicorn. Stage: Seed
NGC, Jubilee Capital Management, SEED Venture
Capital and 12 Other Investors
AI-BlockChain (2014, New York City)
AI enhanced blockchain solution provider.
Editor's Pick. Stage: Unfunded
ATUMprotocol (2017, Menlo Park)
Cross-chain swap platform
Editor's Pick. Stage: Unfunded
Analyst’s Pick
Auxledger (2017, Mumbai)
Enterprise Grade Blockchain Infrastructure
Editor's Pick. Stage: Unfunded
Belrium (2017, Kuala Lumpur)
KYC-compliant blockchain
Editor's Pick. Stage: Unfunded
Bitcoin Cash (2017, Los Angeles)
Peer-to-Peer Electronic Cash
Editor's Pick. Stage: Unfunded
Blaze (2018, Indore)
Block-lattice protocol for development of DApps
Editor's Pick. Stage: Unfunded
Cardano (2017, Zug)
Permissioned blockchain with smart contract
facility
Editor's Pick. Stage: Funded
Blockchain R&I, Ledger Capital, Rhapsody Ventures,
NTechPro
Constellation (2017, San Francisco)
Enterprise software protocol for data provenance
Editor's Pick. Stage: Unfunded
Analyst’s Pick
Devvio (2018, Albuquerque)
Open source protocol for transfer of value
Editor's Pick. Stage: Unfunded
DREP Foundation (2017, Singapore)
Decentralized reputation ecosystem
Editor's Pick. Stage: Seed
KuCoin, Blockox Fund, 08 Capital and 2 Other
Investors
Eleven01 (2018, St. Julians)
Blockchain protocol layer
Editor's Pick. Stage: Unfunded
Ethereum (2013, Toronto)
Blockchain protocol supporting smart contracts
Editor's Pick. Stage: Series A
DJ Yakisoba Capital Partners, KR1, Hooklabs and 23
Other Investors
Fleta (2018)
Blockchain based infrastructure platform
Editor's Pick. Stage: Unfunded
53. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201953
Blockchain Network: Top Companies
Blockchain Infrastructure > Market Details > Market: Blockchain Network
#2 Top Markets of Investment Activity
Market: Blockchain Network (3/4)
Analyst’s Pick
Icon Foundation (2017, Yeongdeungpo)
Proprietary blockchain to connect multiple
governance bodies
Editor's Pick. Stage: Funded
Hooklabs, The Ventures, 08 Capital and 11 Other
Investors
ICONLOOP (2016, Seoul)
Distributed ledger for hyperconnected society
Editor's Pick. Stage: Unfunded
Insolar (2017, Tortola)
Enterprise-grade blockchain platform for
interactions between companies
Editor's Pick. Stage: Unfunded
IOST (2017, Singapore)
Enterprise-grade blockchain infrastructure for
online services
Editor's Pick. Stage: Funded
Metropolis VC, Blockchain R&I, AlphaCoin Fund,
BitBlock Group
Ixian DLT (2017, Ljubljana)
Blockchain-based protocol layer
Editor's Pick. Stage: Unfunded
Analyst’s Pick
Lisk (2016, London)
Platform for decentralized applications and
sidechains
Editor's Pick. Stage: Funded
Whales Capital, Blockchain R&I, CV VC
Marconi (2017, San Francisco)
Blockchain based ethernet protocol
Editor's Pick. Stage: Funded
NGC
mijin (2015, Tokyo)
Blockchain-based protocol layer
Editor's Pick. Stage: Unfunded
MOAC (2017, Menlo Park)
Multi-blockchain software for development of
smart contracts and dApps
Editor's Pick. Stage: Funded
Blockchain R&I, Outpost Capital
Nebl (2017, Washington D.C.)
Blockchain network
Editor's Pick. Stage: Funded
ValueNet Capital
Analyst’s Pick
Neurochain (2017, Neuilly-sur-seine)
Blockchain powered by Machine Learning
Editor's Pick. Stage: Unfunded
NULS (2017, San Jose)
Protocol blockchain for enterprise solutions
Editor's Pick. Stage: Seed
Ulysses Capital, Hach Capital
Onai (2001, San Francisco)
Blockchain-based solution for distributed
computation
Editor's Pick. Stage: Seed
Resolute Ventures, Social Starts
Quadrant (2018, Singapore)
Blockchain-based data protocol
Editor's Pick. Stage: Unfunded
RChain (2017, Seattle)
Protocol blockchain powered by Rho Virtual
Machine
Editor's Pick. Stage: Funded
DNA, Blockchain R&I, Block0 and 3 Other Investors
54. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201954
Blockchain Network: Top Companies
Blockchain Infrastructure > Market Details > Market: Blockchain Network
#2 Top Markets of Investment Activity
Market: Blockchain Network (4/4)
Analyst’s Pick
Sumcoin (2018)
P2P digital currency
Editor's Pick. Stage: Unfunded
SymVerse (2018, Gimpo-si)
Decentralized peer-to-peer blockchain network
Editor's Pick. Stage: Unfunded
Telegram ICO (2017)
Protocol blockchain for social networking
Editor's Pick. Stage: Unfunded
Truebit (2017, Brooklyn)
Verification solution for blockchain
Editor's Pick. Stage: Unfunded
55. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
55
Blockchain Network: Leaderboard
Blockchain Infrastructure > Market Details > Market: Blockchain Network
#2 Top Markets of Investment Activity
Better than Market Average
Market: Blockchain Network
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0 Algorand 2017 Boston Series A $66M 2 - - - 4 10.4k - - 1 - - 5.2k 101%
4.8 Oasis Labs 2018 Berkeley Series B $45M 1 5 - - 4 6.8k - - 1 - - 841 14%
4.4 billon 2012 Warsaw Series A $5M 4 - - - 4 536 - - - - - 62 13%
4.3 Fantom 2018 Gangnam Series B $40M 1 - - - 3 17.2k - - - - - 6.7k 63%
4.2 RSK Labs 2015
Buenos
Aires
Acquired $3.5M 1 - - - - 3.7k - - 3 - - 219 6%
4.1 Spacemesh 2017 Herzliya Series A $18M 2 - - - 3 1.2k - - - - - 252 28%
4.0 R3 2013
New York
City
Series A $112M 4 - - - 4 162 - - 3 - - -1 -1%
4.0 Zilliqa 2017 Singapore Seed - 2 4 - - 3 65.5k - - 3 - - 10.8k 20%
3.9
Chia
Network
2017
San
Francisco
Seed $3.4M 2 5 - - 4 3.7k - - - - - 308 9%
3.9 Bloq 2015 Chicago Seed - 1 - - - - 6.6k - - - - - 339 5%
3.8 Enigma 2016
San
Francisco
Seed $1.4M 3 - - - 4 61.9k - - - - - 465 1%
3.8 Tezos 2014 Zug Funded - 1 - - - - 544 - - 3 - - 52 11%
3.7 Cosmos 2016
San
Francisco
Seed - 1 - - - - 7.2k - - - - - 395 6%
3.7 Dispatch 2017
San
Francisco
Series A $18M 1 5 5 3 4 15.1k 300 8 - - - - -
56. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Incubators Y Combinator (#1), Fifth Era (#1)
Seed Andreessen Horowitz (#1), Polychain (#2)
Series A/B Digital Currency Group (#1), IDG Capital (#1)
Series C+ Dolfin (#1)
None
$87k - Seed
TradeLayer (2017, San Francisco,
$87k)
Seed
Terra (2018, Seoul, $32M)
Seed
GEO Protocol (2018, Tallinn)
Seed
Terra (2018, Seoul, $32M)
$120M - Series C
Waves Platform (2016, Moscow,
$120M)
$4M - Series B
Axoni (2016, New York City, $59M)
$10M - Series A
dYdX (2017, San Francisco, $10M)
$32M - Seed
Terra (2018, Seoul, $32M)
$32M - Series B
Axoni (2016, New York City, $59M)
$125k - Seed
Dapix (2018, Denver, $125k)
Jun 2019
RegTech Company Coinfirm To Investigate Ripple XRP’s
Compliance With FATF AML Rules, BlockTribune
Jun 2019
Dash Teams Up With Blox to Crypto Accounting Services &
Solutions, Crowdfund Insider
Jun 2019
Waves Breaks into dApps Market, Launching Smart
Contracts Functionality, Medianet
Jun 2019
NEM Launches Development Studio Ahead of Major
Blockchain Upgrade, CoinDesk
Jun 2019
Latitude Blockchain Services Partners Up With Ferrum
Network, Newswire
Jun 2019
Ripple Takes $50 Million Stake in MoneyGram in Push to
Deploy XRP, Fortune
Jun 2019
Dash And Aircoins Join Forces To Power Cryptocurrency
Treasure Hunt In Augmented Reality, iCrowdNewswire
News
-
3
5
21
74
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Blockchain Network > Finance: Market Factsheet
56
Exits
Most Active Investors
Recent InvestmentsCompanies offering blockchain
protocols for the finance industry
Waves Platform
(2016, Moscow, $120M)
Ripple
(2012, San Francisco, $94.6M)
Axoni
(2016, New York City, $59M)
Terra
(2018, Seoul, $32M)
dYdX
(2017, San Francisco, $10M)
Top Companies
#3 Top Markets of Investment Activity
Blockchain Infrastructure > Market Details > Market: Finance
Companies Created 74 | Funded 21 | Total Funding $319M
0
5
10
15
$0k
$200M
$400M
2014 2015 2016 2017 2018
Predicted Funding YoY Funding
Rounds Predicted Rounds
YoY Funding and Rounds
Market: Finance
57. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201957
Blockchain Network > Finance: Top Companies
Blockchain Infrastructure > Market Details > Market: Finance
#3 Top Markets of Investment Activity
Market: Finance (1/2)
Analyst’s Pick
Waves Platform (2016, Moscow, $120M)
Decentralized protocol for application development
& token management
Soonicorn. Stage: Series C
Dolfin, Blockchain R&I, BlockGrounds
Ripple (2012, San Francisco, $94.6M)
Open source payment protocol for cross border
money transfer.
Unicorn. Stage: Series B
Standard Chartered, SBI Holdings, Digital Ventures
and 36 Other Investors
Axoni (2016, New York City, $59M)
Blockchain solutions for capital markets
Minicorn. Stage: Series B
Hsbc, Andreessen Horowitz, Coatue and 15 Other
Investors
Terra (2018, Seoul, $32M)
Decentralized financial infrastructure for payments
Minicorn. Stage: Seed
LuneX, Kakao Investment, Kakao Ventures and 13
Other Investors
Analyst’s Pick
dYdX (2017, San Francisco, $10M)
Open source protocols for decentralized margin
trading and derivatives trading
Editor's Pick. Stage: Series A
Polychain, Abstract Ventures, Kindred Ventures
and 13 Other Investors
Stellar (2014, San Francisco, $3M)
Decentralized protocol for sending and receiving
money in any pair of currencies
Editor's Pick. Stage: Seed
SEED Venture Capital, Proof of Capital, Nobu
Network and 4 Other Investors
Dash (2015, Mexico City, $220k)
Anonymous transaction service provider
Minicorn. Stage: Seed
Rhapsody Ventures, Rockshield Capital, All Blue
Capital, Blockchain R&I
Dapix (2018, Denver, $125k)
FIO Protocol for interwallet operability
Editor's Pick. Stage: Seed
PV Ventures, Service Provider Capital, Dundee
Venture Capital, FirstMile Ventures
Analyst’s Pick
Bitcoin (2009, London)
P2P digital currency
Editor's Pick. Stage: Funded
a16z crypto, Victory Square Technologies, Pantera
Capital and 16 Other Investors
Elrond (2017)
Blockchain-based protocol layer to enhance intra-
shard communication
Editor's Pick. Stage: Funded
NGC
Ethereum Classic (2016, Curitiba)
Open source protocol featuring smart contracts
functionality
Editor's Pick. Stage: Funded
Blockchain R&I, Digital Finance Group
Litecoin (2011, Toronto)
Open source P2P digital currency
Editor's Pick. Stage: Funded
Blockchain R&I, Planet Ventures, Victory Square
Technologies
58. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201958
Blockchain Network > Finance: Top Companies
Blockchain Infrastructure > Market Details > Market: Finance
#3 Top Markets of Investment Activity
Market: Finance (2/2)
Analyst’s Pick
Nem (2014, Daegu)
P2P crypto platform for blockchain-based solutions.
Editor's Pick. Stage: Funded
Blockchain R&I, Rhapsody Ventures
Olympus Labs (2017, New York City)
Protocol blockchain for building decentralized
financial products
Editor's Pick. Stage: Funded
Platon Finance (2017, Prague)
Cryptocurrency based on ethereum blockchain
Editor's Pick. Stage: Unfunded
SpectreCoin (2016, London)
Privacy-focused cryptocurrency
Editor's Pick. Stage: Funded
The Monero Project (2014, Cape Town)
Monera alternative cryptocurrency for private
transactions
Editor's Pick. Stage: Funded
Blockchain R&I, Tyr Capital, Victory Square
Technologies
Analyst’s Pick
ZAGG Protocol (2018, Singapore)
Protocol blockchain for building B2B2C payment
applications
Editor's Pick. Stage: Unfunded
Zcash Electric Coin Company (2016,
Boulder)
Alternative currency and payment system
Editor's Pick. Stage: Seed
Winklevoss Capital, Fifth Era, Fenbushi Capital and
4 Other Investors
59. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
59
Blockchain Network > Finance: Leaderboard
Blockchain Infrastructure > Market Details > Market: Finance
#3 Top Markets of Investment Activity
Better than Market Average
Market: Finance
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0
Waves
Platform
2016 Moscow Series C $120M 2 - 4 - - - 300k 2k 1 614 47% 7.6k
-
100%
5.0 Ripple 2012
San
Francisco
Series B $94.6M 5 4 - - - 924.6k - - 3 - - 18.3k 2%
4.8 Stellar 2014
San
Francisco
Seed $3M 1 - - - - 274.8k - - - - - 14k 5%
4.4 Terra 2018 Seoul Seed $32M 3 4 - - 4 1.9k - - - - - 990 121%
4.1 dYdX 2017
San
Francisco
Series A $10M 2 4 - - 4 6.2k - - - - - 1.1k 20%
4.0 Dash 2015 Mexico City Seed $220k 1 2 4 - - 204 300k 798 2 99 14% -5 -2%
4.0 Nem 2014 Daegu Funded - - - 3 - - 216.4k 75k 554 1 44 9% 2k 1%
3.9 Axoni 2016
New York
City
Series B $59M 4 - - - - - - - - - - - -
3.7 Bitcoin 2009 London Funded - - - - - 3 941.9k - - - - - 19.8k 2%
3.5
Ethereum
Classic
2016 Curitiba Funded - - 5 - - 3 227.9k - - - - - 1.4k 1%
3.5
Zcash
Electric Coin
Company
2016 Boulder Seed - 3 - - - - 79 - - - - - - -
3.1
Graft
Blockchain
2017 Dallas Unfunded - - - 4 - 3 3.8k 36k 243 - 30 14% 404 12%
60. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201960
#4 Top Markets of Investment Activity
Blockchain Infrastructure > Market Details > Market: Compliance and Risk Management
Companies Created 42 | Funded 15 | Total Funding $75.5M
Market: Compliance and Risk Management
61. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201961
Blockchain Infrastructure > Market Details > Market: Compliance and Risk Management
#4 Top Markets of Investment Activity
Market: Compliance and Risk Management (1/2)
62. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201962
Blockchain Infrastructure > Market Details > Market: Compliance and Risk Management
#4 Top Markets of Investment Activity
Market: Compliance and Risk Management (2/2)
63. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201963
Blockchain Infrastructure > Market Details > Market: Compliance and Risk Management
#4 Top Markets of Investment Activity
Better than Market Average
Market: Compliance and Risk Management
64. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201964
#5 Top Markets of Investment Activity
Blockchain Infrastructure > Market Details > Market: Security
Companies Created 43 | Funded 16 | Total Funding $61.8M
Market: Security
65. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201965
Blockchain Infrastructure > Market Details > Market: Security
#5 Top Markets of Investment Activity
Market: Security
66. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201966
Blockchain Infrastructure > Market Details > Market: Security
#5 Top Markets of Investment Activity
Better than Market Average
Market: Security
67. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201967
#6 Top Markets of Investment Activity
Blockchain Infrastructure > Market Details > Market: Hardware
Companies Created 124 | Funded 15 | Total Funding $233M
Market: Hardware
68. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201968
Blockchain Infrastructure > Market Details > Market: Hardware
#6 Top Markets of Investment Activity
Market: Hardware
69. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201969
Blockchain Infrastructure > Market Details > Market: Hardware
#6 Top Markets of Investment Activity
Better than Market Average
Market: Hardware
70. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201970
#7 Top Markets of Investment Activity
Blockchain Infrastructure > Market Details > Market: Sidechain
Companies Created 38 | Funded 14 | Total Funding $140M
Market: Sidechain
71. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201971
Blockchain Infrastructure > Market Details > Market: Sidechain
#7 Top Markets of Investment Activity
Market: Sidechain
72. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201972
Blockchain Infrastructure > Market Details > Market: Sidechain
#7 Top Markets of Investment Activity
Better than Market Average
Market: Sidechain
73. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201973
#8 Top Markets of Investment Activity
Blockchain Infrastructure > Market Details > Market: Smart Contracts
Companies Created 109 | Funded 18 | Total Funding $24.7M
Market: Smart Contracts
74. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201974
Blockchain Infrastructure > Market Details > Market: Smart Contracts
#8 Top Markets of Investment Activity
Market: Smart Contracts
75. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201975
Blockchain Infrastructure > Market Details > Market: Smart Contracts
#8 Top Markets of Investment Activity
Better than Market Average
Market: Smart Contracts
76. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201976
#9 Top Markets of Investment Activity
Blockchain Infrastructure > Market Details > Market: Software
Companies Created 60 | Funded 2 | Total Funding $53.9M
Market: Software
77. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201977
Blockchain Infrastructure > Market Details > Market: Software
#9 Top Markets of Investment Activity
Market: Software
78. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201978
Blockchain Infrastructure > Market Details > Market: Software
#9 Top Markets of Investment Activity
Better than Market Average
Market: Software
79. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201979
#10 Top Markets of Investment Activity
Blockchain Infrastructure > Market Details > Market: Middleware
Companies Created 1 | Funded 1 | Total Funding $20M
Market: Middleware
80. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201980
Blockchain Infrastructure > Market Details > Market: Middleware
#10 Top Markets of Investment Activity
Market: Middleware
81. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201981
#1 Other Notable Markets
Blockchain Infrastructure > Market Details > Market: Blockchain Explorer
Companies Created 111 | Funded 8 | Total Funding $92.7M
Market: Blockchain Explorer
82. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201982
Blockchain Infrastructure > Market Details > Market: Blockchain Explorer
#1 Other Notable Markets
Market: Blockchain Explorer
83. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201983
Blockchain Infrastructure > Market Details > Market: Blockchain Explorer
#1 Other Notable Markets
Better than Market Average
Market: Blockchain Explorer
84. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Public Companies
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
84
Notable Acquisitions
Top Acquirers
Acqui-hires
85. Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Auto IT
Jun 2019
Tech for Traditional Advertising
Jun 2019
Diabetes
Jun 2019
86. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Public companies
86
List of Public Companies in Blockchain Infrastructure
IPO Date Company
IPO
Mcap
Exchange
Ticker
Feb 2019
BlockMint (2018, Portland)
Cryptocurrency mining software provider
CVE:BKMT
Nov 2018
Tymlez (2016, The Hague)
Blockchain-based enterprise solutions.
$20.6M ASX:TYM
Nov 2015
InterBit (2015, London)
Blockchain-based application development
$352k IBIT
Jun 2015
Marathon Patent Group (2013, Las Vegas)
Cryptocurrency mining company
NASDAQ:MARA
Nov 2001
Hancom Secure (1999, Seongnam-si)
Security solution for enterprises
$45.2M KOSDAQ:54920
Jun 1998
Blockchain Holding (2016)
Cryptocurrency mining hardware solutions
$425k CNSX:BCX
Aug 1996
SkyChain Technologies (1977, Vancouver)
Mining service provider
CVE:SCT
Blockchain Infrastructure > Exit Outlook > Public Companies
87. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Notable Acquisitions
87
Notable Acquisitions in Blockchain Infrastructure
Blockchain Infrastructure > Exit Outlook > Notable Acquisitions
Acq. Date Company Acquirer Deal Size
Sep 2018
Chain (2014, San Francisco)
Application development platform for financial services
industry
Lightyear $500M
Jul 2015
Penta Security (1997, Seoul)
Web application firewall, database security and IAM
solution
Liberty $163M
88. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Most Active Acquirers
88
Blockchain Infrastructure > Exit Outlook > Most Active Acquirers
89. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Acqui-hires
89
List of Acqui-hires in Blockchain Infrastructure
Excludes all details for Chinese companies
Date Target
Feb-19 Chainspace Acq by Facebook
Feb-17 Skry Acq by Bloq
Blockchain Infrastructure > Exit Outlook > Acqui-hires
View all 2 Acqui-hired companies on Tracxn Platform
90. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
90
Details on VC & PE Investors
Seed Stage
Early Stage
Late Stage
Details on Top Ecosystem Players
91. Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Marketplaces - India
Jul 2019
Vernacular Platforms
Jun 2019
Productivity Software
Jun 2019
92. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 201992
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Blockchain Infrastructure > Investors > Index of Most Active VC & PE Investors
Index of Top Investors (VC, PE) by Stage in Blockchain Infrastructure; Last 5 years (Jul 2014 - Jun 2019)
Index of Most Active VC & PE Investors
SEED STAGE
Digital Currency Group (8 Investments)
Kenetic (4 Investments)
Blockchain Capital (3 Investments)
KR1 (3 Investments)
Dunamu & Partners (3 Investments)
Andreessen Horowitz (2 Investments)
Canaan Partners (2 Investments)
Union Square Ventures (2 Investments)
SV Angel (2 Investments)
AME Cloud Ventures (2 Investments)
Fenbushi Capital (2 Investments)
Hashed (2 Investments)
Kakao Ventures (2 Investments)
1kx (2 Investments)
Coinbase Ventures (2 Investments)
EARLY STAGE
Digital Currency Group (4 Investments)
Pantera Capital (4 Investments)
Accel (3 Investments)
Andreessen Horowitz (3 Investments)
Khosla Ventures (3 Investments)
Coinbase Ventures (3 Investments)
GV (2 Investments)
Foundation Capital (2 Investments)
SV Angel (2 Investments)
RRE Ventures (2 Investments)
FPrime Capital Partners (2 Investments)
Accomplice (2 Investments)
Data Collective (2 Investments)
Slow Ventures (2 Investments)
Santander InnoVentures (2 Investments)
LATE STAGE
Union Square Ventures
Pantera Capital
Armat Group
Korelya Capital
93. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Digital Currency Group
93
Portfolio in Blockchain Infrastructure | Exits | Funds Link | Website | LinkedIn | Twitter
Blockchain Infrastructure > Investors > Digital Currency Group
People
Investments
[Unicorn] Hedera Hashgraph (2018, Richardson, $124M,
Funded)
Application development platform
[Soonicorn] Blockstream (2014, San Francisco, $101M, Series B)
Blockchain development focused on sidechains innovation
[Soonicorn] Chainalysis (2014, Manhattan, $53.6M, Series B)
Blockchain based payment fraud prevention & compliance solutions
[Minicorn] Blockchain (2011, London, $70M, Series B)
Bitcoin wallet service and blockchain navigation
[Minicorn] Axoni (2016, New York City, $59M, Series B)
Blockchain solutions for capital markets
[Minicorn] TradeBlock (2013, New York City, $20.7M, Series B)
Online cryptocurrency data and research
[Editor's Pick] Blockstack (2015, New York City, $6.8M, Series A)
blockchain application development platform
[Editor's Pick] Horizen Labs (2018, Austin, $4M, Seed)
Blockchain-based infrastructure for sidechain application
[Editor's Pick] Lightning Labs (2016, San Francisco, $2.5M, Seed)
Lightning network protocol developer
[Editor's Pick] Enigma (2016, San Francisco, $1.4M, Seed)
Privacy focused blockchain
[Editor's Pick] Merkle Science (2018, Singapore, $804k, Seed)
Risk management solution for the blockchain ecosystem
[Editor's Pick] Zcash Electric Coin Company (2016, Boulder,
Seed)
Alternative currency and payment system
Blockchain Infrastructure Notable Portfolio
Top Exits
Recent News on Fund & Portfolio
Barry Silbert
Founder & CEO
Geographical Spread Stage of Entry
Jul 2019
Coinsilium inks agreement to promote RSK network in
Southeast Asia, Proactive Investors
Jul 2019
SEC Approves First Blockchain Firm for Regulation A+
Funding, Finance Magnates
Jul 2019
Blockstream Launches Atomic Swaps on Liquid Bitcoin
Sidechain, CoinDesk
Jul 2019 Raw Technology joins RSK Group, Private Equity Wire
Jun 2019
Partnership between Swarm and RSK Infrastructure
Framework (RIF) to develop a breakthrough storage
solution, Fintech Finance
Jun 2019
Chainalysis Hires FinCEN Vet to Tackle Crypto’s New
‘Travel Rule’ Challenge, CoinDesk
Chain
(2014, San Francisco, $44M)
Acq by Lightyear - Sep 2018
Elliptic
(2014, London, $11M)
Acq by Synopsys - Jun 2015
RSK Labs
(2015, Buenos Aires, $3.5M)
Acq by rifos.org - Nov 2018
1 11
1
2
3
3
2
2014 2015 2016 2017 2018 2019
Follow On New Investments
10
-
1
3
8
Undisclosed
Series C+
Series B
Series A
Seed15
4
2
1
-
US
Europe
SEA
Latam
94. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Kenetic
94
Portfolio in Blockchain Infrastructure | Exits | Funds Link | Website | LinkedIn | Twitter
Blockchain Infrastructure > Investors > Kenetic
People
Investments
[Soonicorn] Origin Protocol (2017, San Francisco, $31.5M,
Series A)
Blockchain platform for building decentralized marketplaces
[Minicorn] Terra (2018, Seoul, $32M, Seed)
Decentralized financial infrastructure for payments
[Editor's Pick] TransitNet (2018, Redondo Beach, $2.5M, Seed)
Reporting and compliance solution for token issuers
[Editor's Pick] Merkle Science (2018, Singapore, $804k, Seed)
Risk management solution for the blockchain ecosystem
Blockchain Infrastructure Notable Portfolio
[Soonicorn] BlockFi (2017, New York City, $60.4M, Series B)
Crypto-assets collateralized fiat loans
[Minicorn] SharesPost (2009, San Francisco, $18M, Series C)
Platform for private security investments
Other Notable Portfolio
Top Exits
Recent News on Fund & Portfolio
Jehan Chu
Co-Founder &
Managing Partner
Lawrence Chu
Co-Founder
Daniel Weinberg
CEO
Geographical Spread Stage of Entry
Jun 2019
TransitNet Announces Product Launch, Cohen &
Company Among Clients, PRWeb
None
4
1
2014 2015 2016 2017 2018 2019
Follow On New Investments
-
-
-
1
4
Undisclosed
Series C+
Series B
Series A
Seed3
1
1
-
-
US
SEA
South Korea
95. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Blockchain Capital
95
Portfolio in Blockchain Infrastructure | Exits | Funds Link | Website | LinkedIn | Twitter
Blockchain Infrastructure > Investors > Blockchain Capital
People
Investments
[Unicorn] Bitfury (2012, San Francisco, $175M, Series D)
Provider for Bitcoin mining hardware
[Soonicorn] Blockstream (2014, San Francisco, $101M, Series B)
Blockchain development focused on sidechains innovation
[Minicorn] Nervos Network (2018, Hangzhou, $28M, Series A)
Suite of interoperable protocols for dApps
[Minicorn] BlockCypher (2013, Redwood City, $3.5M, Seed)
Cloud-optimized full blockchain nodes
[Minicorn] TRM (2018, San Francisco, $1.7M, Seed)
Risk and compliance management solution for crypto companies
[Editor's Pick] Blockstack (2015, New York City, $6.8M, Series A)
blockchain application development platform
Blockchain Infrastructure Notable Portfolio
[Unicorn] Coinbase (2012, San Francisco, $547M, Series E)
Digital currency exchange & wallet provider
[Unicorn] Circle (2013, Boston, $246M, Series E)
Digital currency wallet for global money transfers
[Soonicorn] High Fidelity (2013, San Francisco, $85M, Series D)
Open-source social virtual reality platform to create, share and explore
virtual worlds
[Soonicorn] Anchorage (2017, San Francisco, $57M, Series B)
Cryptocurrency custodian service provider
[Soonicorn] Xapo (2012, Palo Alto, $40M, Series A)
Cold Storage Vault & Bitcoin Wallet
[Soonicorn] itBit (2012, Tower, $28.3M, Series A)
Provider of Trading & Settlement platforms
Other Notable Portfolio
Top Exits
Recent News on Fund & Portfolio
Brock Pierce
Co-Founder
Bart Stephens
Co-Founder &
Managing Partner
Bradford
Stephens
Co-Founder &
Managing Partner
Geographical Spread Stage of Entry
Jul 2019
SEC Approves First Blockchain Firm for Regulation A+
Funding, Finance Magnates
Jul 2019
US-Based Provident Bank To Integrate BitFury’s
Blockchain Investigation Tool, BlockTribune
Jul 2019
Nervos Begins Mainnet Preparation with Crypto Wallet
Partnership, AiThority
Jul 2019
Blockstream Launches Atomic Swaps on Liquid Bitcoin
Sidechain, CoinDesk
Jun 2019
ITI Funds to build a solution for cryptocurrency
transactions compliance for fund managers, Institutional
Asset Manager
Jun 2019
EOS Blockchain Developer Block.one Purchased
Voice.com Domain Name For $30M USD, BlockTribune
Chain
(2014, San Francisco, $44M)
Acq by Lightyear - Sep 2018
11 1 1 1
2014 2015 2016 2017 2018 2019
Follow On New Investments
4
-
-
1
3
Undisclosed
Series C+
Series B
Series A
Seed6
1
1
-
-
US
China
Cayman Islands
96. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
KR1
96
Portfolio in Blockchain Infrastructure | Exits | Funds Link | Website | LinkedIn | Twitter
Blockchain Infrastructure > Investors > KR1
97. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Dunamu & Partners
97
Portfolio in Blockchain Infrastructure | Exits | Funds Link | Website | LinkedIn | Twitter
Blockchain Infrastructure > Investors > Dunamu & Partners
98. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Andreessen Horowitz
98
Portfolio in Blockchain Infrastructure | Exits | Funds Link | Website | LinkedIn | Twitter
Blockchain Infrastructure > Investors > Andreessen Horowitz
99. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Union Square Ventures
99
Portfolio in Blockchain Infrastructure | Exits | Funds Link | Website | LinkedIn | Twitter
Blockchain Infrastructure > Investors > Union Square Ventures
100. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
SV Angel
100
Portfolio in Blockchain Infrastructure | Exits | Funds Link | Website | LinkedIn | Twitter
Blockchain Infrastructure > Investors > SV Angel
101. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
AME Cloud Ventures
101
Portfolio in Blockchain Infrastructure | Exits | Funds Link | Website | LinkedIn | Twitter
Blockchain Infrastructure > Investors > AME Cloud Ventures
102. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Fenbushi Capital
102
Portfolio in Blockchain Infrastructure | Exits | Funds Link | Website | LinkedIn | Twitter
Blockchain Infrastructure > Investors > Fenbushi Capital
103. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Hashed
103
Portfolio in Blockchain Infrastructure | Exits | Funds Link | Website | LinkedIn | Twitter
Blockchain Infrastructure > Investors > Hashed
104. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
1kx
104
Portfolio in Blockchain Infrastructure | Exits | Funds Link | Website | LinkedIn | Twitter
Blockchain Infrastructure > Investors > 1kx
105. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Coinbase Ventures
105
Portfolio in Blockchain Infrastructure | Exits | Funds Link | Website | LinkedIn | Twitter
Blockchain Infrastructure > Investors > Coinbase Ventures
106. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
106
Details on VC & PE Investors
Seed Stage
Early Stage
Late Stage
Details on Top Ecosystem Players
107. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Blockchain Infrastructure - Jul 2019
Digital Currency Group
107
Portfolio in Blockchain Infrastructure | Exits | Funds Link | Website | LinkedIn | Twitter
Blockchain Infrastructure > Investors > Digital Currency Group