Analysis of Blockchain Venture Activity and Bitcoin Relation

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Autonomous Research has analysed the Venture Activity relating to Blockchain and Bitcoin in the period 2011-2016. Our findings show a strong growth in venture funding and deals made, starting in 2013 with $75 million (75 deals). Peak investment in this period occurred in 2016 at $525 million (142 deals) with deals made declining from 195 in 2015. This suggests higher funding per deal and new start-ups are increasingly supported by venture activity, primarily in North America.

Our second chart shows a decline in the share of funding targeted at Bitcoin entrepreneurs with 42% of venture funding not focused on the currency. This is a sharp decrease from 3% in 2014 and implies a shift in interest away from Bitcoin and towards other cryptocurrency and digital ledger technology.