The 2015 level of VC investment in bitcoin companies exceeded investment in 2014

The 2015 level of VC investment in bitcoin companies exceeded investment in 2014
17.07.2015 01:00 am

The 2015 level of VC investment in bitcoin companies exceeded investment in 2014

Cryptocurrencies , Investment

The recent deal that saw $20 million of venture capital invested in Amsterdam-based bitcoin mining company BitFury pushed the 2015 total to $357 million thereby overtaking the $350 million raised during 2014. 

The cryptocurrency has enjoyed a steep rise in capital investment in recent years. But despite the fact that investment continues to grow, figures suggest that the growth is decelerating. 

In 2012 it exceeded $2 million for the first time and then hit its highest level of growth to date in 2013 when bitcoin companies attracted $99.5 million of investment. This figure was trebled in 2014 despite the high profile collapse of bitcoin exchange MtGox and the 2015 levels could be set to double the previous years.

The biggest venture capital deal in 2015 thus far has been the $116 million raised by the US-based bitcoin startup 21 Inc which plans to distribute bitcoin mining chips embedded in hardware devices.

Related News

World’s Largest Crypto Payments Processor, CoinPayments, Adopts Sumsub’s KYC Solution

The world’s largest cryptocurrency payments processor, CoinPayments, announces its collaboration with Sumsub, an identity verification... Read more »

The USA to simplify the procedure for issuing licenses to cryptocurrency and fintech companies

The Conference of State Banking Regulators (CSBS) on Tuesday announced a new regulatory regime for monetary services companies that would allow businesses to pass a one-time... Read more »

bitFlyer Europe Launches PayPal Integration

Leading cryptocurrency exchange ... Read more »

"Facebook and Twitter need to do more to prevent cryptocurrency scams", says CoinCorner CEO

Online scams are a huge problem in many industries and the emerging Bitcoin space is no exception.

Read more »

AlgoTrader and Blockfills Partner to Deepen Crypto and Digital Asset Liquidity

AlgoTrader partners with Blockfills to provide financial institutions with a secure gateway to the deepest crypto and digital asset liquidity... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel