Outlier Ventures Study: Blockchain Startups Secured a Staggering $822 Million During H1 This Year


  • Over the past year and a half, ICOs have lost a lot of ground — with people now opting to go with other fundraising routes instead.
  • As per many studies, startups are now beginning to make more and more use of initial exchange offerings (IEOs), as well as other direct investment routes to raise capital for their ventures.

According to an all new research study released by Outlier Ventures yesterday, blockchain firms/startups were successful in raising a total of $822 million (via 279 separate venture capital deals) over the first half of this year.

The aforementioned study is titled “State of Blockchains Q2 2019,” and it contains a detailed breakdown of how all this money was sourced. For example, 159 out of total 279 deals were facilitated at the “seed stage” itself — which clearly signifies that the market at large is maturing and that more and more enterprises are now looking to release fully functional open-source projects instead of just presenting Proofs-of-Concept.

Additionally, the folks over at Outlier Ventures have also pointed out that a number of mainstream financial players (such as JPMorgan, Ernst & Young) have also entered the blockchain arena and are now making use of this technology to facilitate their internal transactions.

As per a recent statement issued by Lawrence Lundy-Bryan, Partner at Outlier Ventures, the number of major VC raises associated with the blockchain industry have gone down since the start of 2019.

To put things into perspective, we can see that traditional VC investments in blockchain saw firms raise a combined sum of $3.9 billion last year

Despite increased regulatory pressure, a large number of crypto exchanges have been able to lure in large amounts of investments during the first two quarters of 2019. For example, South Korean exchange Bithumb alone was able to raise a total of $200 M through the first six months of this year.

 

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide