Bitcoin and blockchain technology company Blockchain has raised $40 million in its second round of institutional funding.
Cryptoindustry is rapidly developing, which includes its part that seeks to replace venture investment and public capital markets altogether. Even projects that have nothing to do with blockchainsometimes use ICO as a way to raise funds via issuing their own token.
Over the first three months of 2017, overall investment in bitcoin and blockchain-related startups comprised $120 million spanning 21 deals. The officially announced funding of blockchain companies comprised $119.29 million with one more deal involving Tezos remaining officially undisclosed.
Overall amount of declared investment in bitcoin and blockchain startups comprised $42,63 million in January 2017, most of which accrues to blockchain infrastructure provider BitBury.Â
This year, Ethereum has been one of the most talked-about cryptocurrencies. The year 2016 started with a series of wins for the ambitious project, yet shortly afterwards it faced a series of problems. However, notwithstanding the hardfork after The DAO’s collapse, and the subsequent emergence of Ethereum Classic, many experts.
Venture fund Life.Sreda has recently launched a project dubbed Banking on Blockchain Fund (BB Find) to attract investments to blockchain-related startups. According to BB Fund’s managers, the fund will give grants to blockchain projects focused on banking.
One of bitcoin industry’s leading investment companies Digital Currency Group has announced it raised funds from Western Union, and simultaneously announced it hired Larry Summers, former U.S. Treasury Secretary, and bitcoin developer Gavin Andresen as advisors.
One of the world’s leading bitcoin exchanges Kraken has announced it raised significant funds during Series B investment round from a Japan-based currency brokerage company Money Partners Group. Parties did not disclose details of the deal, so the exact amount of the investment is unknown. Kraken’s CEO Jesse Powell said.