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Blockchain funding sees twofold spike in 2020

TL;DR

The year 2020 has been the year of the pandemic but if it taught the world one thing, digital innovation is inevitable. Blockchain funding, in turn, saw an almost twofold rise, i.e. about 79 percent rise during the year and for a good reason.

The technology that powered the king of cryptocurrency Bitcoin almost a decade ago now powers more than 2000 cryptocurrencies and digital currencies, but that is not the end of it. 

In the past decade, the technology grew out of Bitcoin’s shadow and into the limelight. The technology is now driving innovation in almost every other sector known to man including governance and food chain supply.

The most popular application of the technology has been in the voting systems where countries like Thailand initiated a blockchain-based voting system prototype.

Blockchain funding: Top Companies and Investors

In the year 2020 not just the new startups but some of the old whales also jumped on to the blockchain bandwagon, and of course rose to the top. 

Out of the top blockchain companies across the globe, Science Soft and Prolifics are the only two giants with $25 million and $34.77 million revenue that were founded before 2000. 

Most of the A lister blockchain bases startup companies including the Ripple Lab with $163.33 million revenue were founded after 2010.

The list includes LeewayHertz, Blockchangers, Techracers, Chromaway, OpenLedger ApS, Ezetech, LimeChain, Chain, and Intellectsoft. Where most work in blockchain development and application areas with the exception of Ripple and the two giants.

When it comes to the source of these blockchain funding, well pretty much every big institution and investor is on board the bandwagon. Besides the traditional venture capitalists, there are about 46 crypto-specific investors who poured in at least one million United States dollars in blockchain funding projects.

The 46 investors include:

Right Side Capital Management1 million dollars
Camp One Ventures2 million dollars
Streamlined Ventures2 million dollars
Compound2 million dollars
TechStars3 million dollars
Arbor Ventures4 million dollars
Greycroft4 million dollars
500 Startups5 million dollars
PreAngel5 million dollars
First Round Capital6 million dollars
8 Decimal Capital6 million dollars
Foundation Capital7 million dollars
Abstract Ventures9 million dollars
1confirmation10 million dollars
ZhenFund11 million dollars
Fenbushi Capital12 million dollars
AME Cloud Ventures12 million dollars
Sequoia Capital12million dollars
Google Ventures14 million dollars
Kindred Ventures15 million dollars
Future Perfect Ventures15 million dollars
Earlybird Venture Capital15 million dollars
InBlockchain18 million dollars
Node Capital20 million dollars
Danhua Capital20 million dollars
Hashed20 million dollars
Mosaic Ventures21 milliom
Galaxy Asset Management23 million dollars
Lightspeed Venture Partners24 million dollars
Mandra Capital24 million dollars
Draper Associates25 million dollars
Tusk Ventures26 million dollars
JAFCO Japan27 million dollars
Union Square Ventures28 million dollars
General Catalyst28 million dollars
Liberty City Ventures29 million dollars
FBG Capital30 million dollars
IDG Capital31 million dollars
RRE Ventures32 million dollars
Tally Capital35 million dollars
Ceyuan Ventures36 million dollars
Polychain Capital40 million dollars
FinLab50 million dollars
Catagonia50 million dollars
Andreessen Horowitz55 million dollars
Pantera Capital65 million dollars
 Binary Capital67 million dollars
Blockchain Capital71 million dollars
Limitless Crypto Investments77 million dollars
Digital Currency Group78 million dollars
Major blockchain funding providers in 2020

Besides these major funding options blockchain startups are also availing bank-driven blockchain funding, government funding, development funding from different blockchain associations, and fundings from individual investors.

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Saad B. Murtaza

Journalist, Writer, Editor, Researcher, and Strategist with over 10 years of experience in the digital, print and public relations industries, Saad has been working with the mantra, Creativity, Quality and Punctuality. In his waning years promises to build a self-sustaining institute that provides free education. Carrying a diverse portfolio he has studied and written on topics related to cyber crimes, scams, blockchain, and cryptocurrencies.

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