Blockchain Technology
Our blog contains short snippets from our full research coverage. We release new content regularly, so check back often for the latest insights.
The State of Bitcoin in Six Visuals
We cover many emerging markets in the startup ecosystem. Previously, we published posts that summarized Financial Technology and the Internet of Things in six visuals. This week, we do the same with Bitcoin. At this time, we are tracking 729 Bitcoin companies across 13 categories, with a combined funding amount of $881 million. To see the full list of 729 Bitcoin startups, contact us using the form on www.venturescanner.com/bitcoin.
Where Are Bitcoin Innovations Happening?
The following infographic is an updated heat map indicating where Bitcoin startups exist across 68 countries along with some key companies in each region. Currently, the United States is leading the way with 264 companies. The United Kingdom is in second with 42 companies, and Canada is in third with 36. We are currently tracking 729 Bitcoin companies in 13 categories, with a total of $881 Million in funding. To see the full list of Bitcoin companies, contact us using the form on www.venturescanner.com.
Which Bitcoin Category is Most Mature?
The following infographic summarizes the Bitcoin sector by median age of each category. Bitcoin is a relatively young sector; the categories with the oldest median age (3 years) are Blockchain Innovations, Wallets, and Infrastructure. Each category in our Bitcoin scan was created by our dedicated team of analysts who specialize in helping you understand the complex startup ecosystem.
Average Funding Per Bitcoin Category
The following infographic summarizes the average funding for each bitcoin category to show which bitcoin categories are the best funded. Looking at the data, it makes sense that bitcoin mining companies are the best funded because bitcoins need to be mined before being used for other purposes. Please note that this data is based only on bitcoin companies that have publicly available funding data. We are currently tracking over 693 companies in 13 categories across 66 countries, with a total of $875 Million in funding. To see the full list of 693 bitcoin companies, contact us using the form on www.venturescanner.com.
Venture Investing in Bitcoin
The following infographic summarizes the number of companies in each bitcoin category along with the amount of funding in the category to help show which bitcoin categories have the most traction. Which category do you think has the most potential for growth? We are currently tracking over 677 companies in 13 categories across 52 countries, with a total of $835 Million in funding. To see the full list of 677 bitcoin companies, contact us using the form on www.venturescanner.com.
Which Bitcoin Categories Are Seeing the Most Innovation?
The following infographic summarizes the number of companies in each bitcoin category to show which bitcoin categories are seeing the most innovation. We are currently tracking over 667 companies in 13 categories across 52 countries, with a total of $835 Million in funding. To see the full list of 667 bitcoin companies, contact us using the form on www.venturescanner.com.
Bitcoin Startups Starting to Focus on Blockchain Innovations
Since bitcoin hit the mainstream, most people have understood it only as a new currency, some sort of a "digital gold". But for those who took the time to understand the fundamentals of blockchain technologies, they saw a whole new system to create trust in a trustless system. Put another way, what the internet did for sharing information, blockchains can do for sharing value. To see the full list of 725 companies in our Bitcoin category, contact us using the form on www.venturescanner.com.
Company Player Card - Hedgy
Today we are updating our Hedgy Player Card from our Bitcoin category. Hedgy has created a new way to manage Bitcoin price risk using self-enforcing, programmable derivative contracts on the Bitcoin block chain. On April 30, 2015, Hedgy received a $1.2 Million seed round lead by Tim Draper. To see the full list of 689 companies in our Bitcoin category, contact us using the form on www.venturescanner.com.
Updated Bitcoin Market Map
As part of our continuing coverage of the bitcoin startup landscape, we felt it was time to update our simple one-page visual map. We're now tracking 688 companies across 13 categories. The image below shows just a sampling of the companies within each category. To see the full list of 688 Bitcoin companies, contact us using the form on www.venturescanner.com.
Top 5 Bitcoin Exchanges
The largest and busiest category of bitcoin companies Venture Scanner is tracking is by far bitcoin exchanges (152 companies out of a total of 549). This makes sense, since the first thing bitcoin needs to do in order to get market acceptance is to make it easy for people to buy bitcoin.