Blockchain Technology Funding in 2019 Projected to Dip After Blockbuster 2018

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How is the funding environment shaping up for blockchain technology in 2019? As we pass the mid-year mark, let's see how the year-to-date metrics compare to the historical trends. The graph below shows blockchain technology total funding by year, stacked by quarters.

Blockchain Technology Funding Over Time

As the graphic demonstrates, blockchain technology has amassed $3.7B through Q1 and Q2 of this year. This amount represents 44% of the total funding in 2018, and 62% of the funding through Q2 in 2018. The top three funding events in Q2 2019 include a $1B round into Bitfinex, a $1B round into Figure, and a $700M round into Voatz.

A straight-line projection of the completed funding this year would result in $7.4B, which is 88% of the total 2018 funding. By the same token, a weighted quarterly average projection of 2019 funding would result in $5.2B, which falls short of the total 2018 funding by 38%. Therefore, based on the mid-year data, blockchain technology funding in 2019 is projected to dwindle from the funding in 2018. However, it should be noted that 2018 was a breakout year for blockchain funding. 2019 has already exceeded the funding total for 2017, so the overall funding environment for blockchain technology is still healthy by historical standards.

To learn more about our complete blockchain technology dynamic report, visit us at www.venturescanner.com or contact us at [email protected].

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