{"id":6842,"date":"2019-07-03T15:10:30","date_gmt":"2019-07-03T12:10:30","guid":{"rendered":"https:\/\/forklog.media\/?p=6842"},"modified":"2019-07-03T15:10:30","modified_gmt":"2019-07-03T12:10:30","slug":"blockchain-startups-raised-822-million-in-h1-2019-report","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/blockchain-startups-raised-822-million-in-h1-2019-report\/","title":{"rendered":"Blockchain Startups Raised $822 Million in H1 2019 &#8211; Report"},"content":{"rendered":"<p>Blockchain and crypto startups have raised $822 million in 279 separate venture capital deals in H1 2019, writes <a href=\"https:\/\/cointelegraph.com\/news\/blockchain-startups-raised-822-million-in-h1-2019-new-report\" target=\"_blank\" rel=\"noopener noreferrer\">Cointelegraph<\/a> citing a report by Outlier Ventures released on July 2.<!--more--><\/p>\n<p>According to the research, titled <a href=\"https:\/\/outlierventures.io\/research\/state-of-blockchains-q2-2019-blockchain-founders-raise-over-822-million-by-q2\/\" target=\"_blank\" rel=\"noopener noreferrer\">State of Blockchains Q2 2019<\/a>, 159 deals out of total 279 were seed stage ones, which shows that a sufficient number of enterprises have moved from proof of concepts in the industry, launching \u201cfully developed open-source projects\u201d instead.<\/p>\n<p>In this regard, Outlier Ventures cited the United States&#8217; largest bank, JPMorgan, and Big Four auditor Ernst &amp; Young (EY), who open-sourced codes enabling transactions on Ethereum (ETH) blockchain earlier this year.<\/p>\n<p>At the same time, the dynamics of venture capital investment in the space has somewhat declined, according to Lawrence Lundy-Bryan, Partner and Head of Research at Outlier Ventures. According to him, the frequency of large VC raises in blockchain industry has \u201cdiminished\u201d so far, as compared with the \u201coutsized performance of the 2018 bull market.\u201d<\/p>\n<p>Traditional VC investment in blockchain and crypto saw a threefold increase in the first three quarters of 2018 as industry firms raised $3.9 billion by late September in 2018. To wit, three more billion would need to be raised over the next three months to match the figures seen in 2018.<\/p>\n<p>Still, crypto exchanges have continued to attract investment in the first half of 2019 despite increased regulatory activity, Lundy-Bryan noted, adding that South Korean exchange Bithumb has alone <a href=\"https:\/\/forklog.com\/en\/bithumb-crypto-exchange-to-expand-international-activities-after-raising-200-million-funding\/\" target=\"_blank\" rel=\"noopener noreferrer\">raised $200 million<\/a> in H1 2019.<\/p>\n<p>Also worth noting is the increasing popularity of exchange listings in the form of initial exchange offerings (IEOs), as well as another trend of direct investment into protocols in exchange for both tokens and equity.<\/p>\n<p>Founded in 2013, Outlier Ventures claims to be Europe\u2019s first venture firm focused on blockchain technology. In June 2019, the company launched <a href=\"https:\/\/outlierventures.io\/research\/introducing-the-convergence-alliance\/\" target=\"_blank\" rel=\"noopener noreferrer\">The Convergence Alliance<\/a>, aiming to bring together a network of enterprises, startups, governments and regulators to collaborate on raising industry standards and launching new projects. The alliance members include German tech company SAP, Deutsche Telekom and Land Rover Jaguar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blockchain and crypto startups have raised $822 million in 279 separate venture capital deals in H1 2019, writes Cointelegraph citing a report by Outlier Ventures released on July 2.<\/p>\n","protected":false},"author":1,"featured_media":6061,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"human_written","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[52,123,149,705],"class_list":["post-6842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-investments","tag-report","tag-startup","tag-venture-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"441","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/6842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=6842"}],"version-history":[{"count":2,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/6842\/revisions"}],"predecessor-version":[{"id":6844,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/6842\/revisions\/6844"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/6061"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=6842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=6842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=6842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}