Cryptocurrency

The top venture capital investors in cryptocurrency startups

December 12, 2017

Despite the ICO craze of 2017, cryptocurrency startups are still landing venture capital funding. Per the PitchBook Platform, global VC interest in the sector is increasing: 2017 has, unsurprisingly, brought a record amount of venture capital—more than $1 billion—to startups in the sector.

In the last two years, 179 US investors have participated in at least one VC deal for a crypto startup, according to PitchBook data. In the last week alone, Bitwise raised $4 million from Khosla Ventures, General Catalyst and others for its cryptocurrency index fund. BitGo, which helps businesses integrate cryptocurrencies into their financial systems, secured a $42.5 million Series B led by Valor Equity Partners. And bitcoin payments provider BitPay raised a $30 million Series B led by Aquiline Technology Growth.
 
The most active US-based investors in the space over the last two years are, for the most part, firms devoted to backing crypto startups, with the addition of a couple traditional VC investors who have undertaken their own forays into the bitcoin/blockchain universe.

Here's a look at the top eight, including investment count:
 
1. Digital Currency Group (40)
T-2. Pantera (8)
T-2. Hard Yaka (8)
T-2. Blockchain Capital (8)
T-3. Andreessen Horowitz (7)
T-3. Union Square Ventures (7)
T-3. Draper Associates (7)
T-3. Boost VC (7)
 

Read more of our crypto content here. Or view the full data on VC investors in crypto.

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