Bitcoin Q2 Update in 15 Visuals

Venture Scanner

We at Venture Scanner are tracking 815 Bitcoin companies across 11 categories, with a combined funding amount of $1.3 Billion. The 15 visuals below summarize the current state of Bitcoin.

1. Bitcoin Market Overview

We organize Bitcoin into the 11 categories listed below:

Bitcoin Big Data: Companies that develop tools to review, parse, and analyze activity on the public ledger to increase transparency. Examples include monitoring wallets, advanced search filtering, and trend analysis.

Bitcoin Exchanges: Companies that allow users to buy and sell crypto-currencies, provide market analytics, and allow for the implementation of sophisticated trading strategies. Examples include simple consumer-oriented solutions, marketplaces to match buyers and sellers, and broker/dealers that make their own market and trade on their own inventory.

Bitcoin Financial Services: Companies that provide typical banking services using bitcoin technology. Examples include offering financial investment advice on how to manage your portfolio of crypto-currencies, providing remittance payments, and providing loans denominated in bitcoin.

Bitcoin Gambling: Companies that offer gambling opportunities using bitcoin. Examples include online casinos, and white-label game developers.

Bitcoin Infrastructure: Companies that are building the functionality that supports the continued development and expansion of the bitcoin ecosystem. Examples includes organizations responsible for maintaining the open-source code, offering white-label solutions for common bitcoin functions (such as wallets or exchanges), and the physical-world bitcoin Automated Teller Machines (ATMs).

Bitcoin Mining: Companies that develop and operate the computer hardware associated with processing bitcoin transactions (known as “mining”). Examples include the production of bespoke ASIC computers, large scale mining rig operators, and cloud mining pool software.

Bitcoin News and Data Services: Companies that provide news and data around the bitcoin ecosystem. Examples include organizations that offer up-to-date pricing information, original content, and aggregated sources of bitcoin-related news.

Bitcoin Payments: Companies that enable merchants and consumers to pay for real world goods and services using bitcoin as the medium of exchange. Examples include mobile payments via apps, Point-of-Sale terminals pre-built with bitcoin options, and developers of enterprise-level solutions.

Bitcoin Trust and Verification Services: Companies that help verify a bitcoin user’s identity for regulatory purposes. Examples include identity verification for anti-fraud, anti-money laundering, and anti-terror financing laws.

Bitcoin Wallets: Companies that offer consumers a place to securely store their bitcoins. Examples include cold storage solutions, multi-step authentication, and insuring the deposits.

Blockchain Innovations: Companies that are working on blockchain distributed ledger technologies. Examples include increased settlement speed for financial transactions between banks, smart self-enforcing contracts, and cross-blockchain interoperability.

2. Company Count by Bitcoin Category

 

The above graph summarizes the number of companies in each Bitcoin category to show which categories are dominating the current market. The Bitcoin Exchanges category is leading the way with 210 companies, followed by the Bitcoin Financial Services category with 128 companies.

3. Funding by Bitcoin Category

 

The above graph summarizes the total amount of funding in each Bitcoin category. The Blockchain Innovations category is leading the market with over $500M in total funding, which is 1.5X the total funding of the second highest category, Bitcoin Payments with $328M.

4. Venture Investing In Bitcoin

 

The above graph compares the total venture funding in each Bitcoin category to the number of companies in the category. The Blockchain Innovations category is leading in the Total Funding stat with over $500M, whereas the Bitcoin Exchanges category is leading in the Company Count stat with 210 companies.

5. Bitcoin Total Funding by Year

 

The above graph summarizes the total funding raised by Bitcoin companies each year. 2015 was the best year in Bitcoin funding thus far with over $563M raised.

6. Average Funding by Bitcoin Category

 

The above graph summarizes the average company funding in each Bitcoin category. The Bitcoin Mining category leads the market with over $25M in funding per company, followed by the Bitcoin Big Data category with about $23M in funding per company.

7. Average Age by Bitcoin Category

 

The above graph summarizes the average age of companies in each Bitcoin category. Bitcoin Infrastructure ranks as the most mature Bitcoin category with an average age of 4.5 years per company, followed by the Bitcoin Gambling category with an average age of 3.6 years per company.

8. Median Age by Bitcoin Category

 

The above graph summarizes the median age of companies in each Bitcoin category. Most Bitcoin categories have a median age of about 3.2 years around the time Bitcoin started gaining traction.

9. Bitcoin Company Count by Country

The above map shows the number of Bitcoin companies located in different countries. The United States ranks as the top country with 283 Bitcoin companies, with the United Kingdom at a distant second with 59 companies.

10. Bitcoin VC Funding by Country

The above map shows the amount of Bitcoin venture capital funding in different countries. The United States has the most Bitcoin VC funding at $885M, which is almost 5X the VC funding of the runner-up, the United Kingdom at $182M.

11. Bitcoin Companies Founded by Year

 

The above graph summarizes the number of Bitcoin companies founded in a certain year. 2014 ranks as the top year with 108 Bitcoin companies founded, with 2013 at a close second with 107 Bitcoin companies founded.

12. Bitcoin Funding by Vintage Year

 

The above graph summarizes the total amount of funding raised by the Bitcoin companies founded in a certain year. Bitcoin companies founded in 2013 have raised the most funding at $376M, with those founded in 2014 coming in at second place with $332M.

13. Bitcoin Headcount Distribution

 

The above graph summarizes the percentage of Bitcoin companies with a certain employee headcount range. Companies with 1–50 employees make up over 95% of the market.

14. Number of Bitcoin Investments by Selected Investors

 

The above graph summarizes the total number of investment rounds Bitcoin investors participated in. The Digital Currency Group outperformed all of its peers, having made 46 investments into Bitcoin companies. Blockchain Capital is the runner-up with 30 investments.

15. Number of Bitcoin Companies Backed by Selected Investors

 

The above graph summarizes the number of unique Bitcoin companies funded by selected investors. The Digital Currency Group takes the top spot by having invested in a total of 41 unique Bitcoin companies, which is over 2X the number of companies invested by the runner-up, Blockchain Capital (18 companies).

Note: If you missed it, you can also read our FinTech Q1 Update in 15 Visuals, Artificial Intelligence Q1 Update in 15 Visuals, and Health Technology Q1 Update in 15 Visuals.

Venture Scanner is your platform for startup landscapes, data, and research. If you would like access to the full Bitcoin landscape and dataset, visit www.venturescanner.com/bitcoin or reach out to [email protected].

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