Top 13 Venture Capital Firms Are Investing In Blockchain Technology

Top 13 Venture Capital Firms Are Investing In Blockchain Technology

Blockchain
August 5, 2022 by Diana Ambolis
304
A new reality has evolved for blockchain and cryptocurrency businesses and venture capital investors due to recent market volatility and the dramatic price decrease of cryptocurrencies. Since their respective all-time highs in November 2021, Bitcoin and Ethereum have witnessed a fifty percent decrease. In addition, the overall market value of all cryptocurrencies decreased by 63
Top 13 VC Firms Are Investing In Blockchain Technology

A new reality has evolved for blockchain and cryptocurrency businesses and venture capital investors due to recent market volatility and the dramatic price decrease of cryptocurrencies. Since their respective all-time highs in November 2021, Bitcoin and Ethereum have witnessed a fifty percent decrease. In addition, the overall market value of all cryptocurrencies decreased by 63 percent in June, dropping from its November high of $3 trillion to a figure below $1 trillion. As a direct result, many industry participants realize another crypto winter will occur.

Beginning in June, the famous bitcoin lending platform Celsius temporarily prohibited withdrawals from its website, citing volatile market conditions. Since the beginning of July, the lending firm has repaid $300 million in debt to various platforms in an attempt to liberate collateral housed in decentralized financial applications. And Celsius is just one of several crypto players now trying to sustain economic viability.

Three Arrows Capital, a cryptocurrency hedge fund, filed for bankruptcy after failing to make margin calls from its lenders. This initiated a downward cycle of solvency concerns for other cryptocurrency firms, including Voyager Capital and BlockFi. Until recently, Three Arrows Capital handled $10 billion in assets. Sam Bankman-Fried, a billionaire entrepreneur in the cryptocurrency industry, issued lines of credit via his enterprises to salvage a handful of struggling cryptocurrency organizations. The companies of Bankman-trading Fried, Alameda Research, and FTX have recently extended credit to BlockFi and Voyager Capital, the former in the amount of $250 million and the latter in the amount of $500 million.

In conclusion, the second half of 2022 is expected to be a different story for cryptocurrencies and blockchain technology compared to their epics in 2021, which were marked by enormous values and transaction quantities. The current business environment is riddled with layoffs, hiring freezes, and general uncertainty because of the perfect storm generated by an excessive quantity of debt and an insufficient amount of liquidity. However, it should not be a surprise that crypto enthusiast entrepreneurs and investors continue to exist, with many prepared to play the long game for the values and technology they hold dear.

In this article, we examine some of the most successful investors in blockchain and cryptocurrencies and some of their recent transactions in light of the current macroeconomic environment.

We have ranked the top Venture Capital firms invested in Blockchain technology by the number of transactions, and investments.

COINBASE VENTURES

HQ: San Francisco, CA

Blockchain and cryptocurrency transactions: 254

In June 2022, all bitcoin and blockchain transactions will cease to exist.

In 2018, the bitcoin trading platform Coinbase founded the venture capital firm Coinbase Ventures. It operates exclusively in the blockchain and cryptocurrency business, emphasizing early-stage venture capital investments. Despite Coinbase’s rough start to 2022, its venture arm remains the industry’s most prominent venture capital investor, as seen by its recent investments in the DeFi platform Mohash and the Samurai DAO platform.

DIGITAL CURRENCY GROUP

New York is the location of the Digital Currency Group’s headquarters.

223 transactions using blockchain and cryptocurrency

In June of 2022, cryptocurrencies and blockchains will cease operations.

Digital Currency Group is a venture capital firm founded in 2015 that primarily invests in cryptocurrency, fintech, and blockchain companies. The business has a cash reserve of $72 million and is evaluating investments in the venture capital industry’s seed stage, early stage, and later stage. Their most recent acquisitions include Streami, a blockchain software company, and Ballet, a bitcoin wallet.

AU21 CAPITAL

HQ: San Francisco, CA

Transactions on the blockchain and cryptocurrencies: 212

In July 2022, all bitcoin and blockchain transactions will cease to exist.

AU21 Capital is a venture capital firm that invests in seed, early-stage, and later-stage blockchain technology companies pushing the technological envelope. Enjinstarter and Awkay Technologies are two instances of blockchain-based gaming companies in which the corporation recently invested.

NGC VENTURES

Singapore is the headquarters of NGC Ventures.

Transactions using blockchain and cryptocurrencies: 211

July 2022 marks the conclusion of all transactions.

Since its inception in 2017, NGC Ventures has served as both an investor and an incubator for various blockchain and cryptocurrency firms worldwide. Many firms they aid, such as Para mi Protocol and Resource Finance, focus on using blockchain’s decentralization potential, with use cases such as decentralized finance and computing. Currently, they handle $400 million in assets.

PANTERA CAPITAL

HQ: Menlo Park, CA

171 transactions involving blockchain technology and cryptocurrency

Last transaction date: June 2022

The hedge fund Pantera Capital was created in 2013. The company is interested in blockchain-based enterprises and other cryptocurrencies and digital currencies. It focuses primarily on early-stage venture capital and seed round enterprises, with an average financing size of ten million dollars each round. The company’s recent investments include the bitcoin mobile application Pintu and the blockchain game developer Oxalis Games.

LD CAPITAL

HQ: Beijing, China

Transactions using blockchain and cryptocurrencies: 166

In May 2022, all bitcoin and blockchain transactions will cease to exist.

LD Capital focuses primarily on seed, early-stage, and later-stage investments in blockchain securities, equity investing, and trading companies. The company’s current assets include the non-traditional media venture VAST and the decentralized sports betting platform UBET.

FENBUSHI CAPITAL

HQ: Shanghai, China

Transactions using blockchain and cryptocurrencies: 113

In July 2021, all bitcoin and blockchain transactions will cease to exist.

Fenbushi Capital is a 2015-founded venture capital firm investing in blockchain-based businesses. Among their investments are companies like Fold and Multiverse Labs, which use blockchain technology to encourage resource sharing and app integration, respectively. The fold is a startup that develops innovative Bitcoin apps, whereas Multiverse Labs does the same using blockchain technology.

BINANCE LABS

HQ: Hong Kong, China

Transactions using blockchain and cryptocurrencies: 144

In June 2022, all bitcoin and blockchain transactions will cease to exist.

Binance Labs is an accelerator that invests in and empowers blockchain and cryptocurrency startups and communities. It accomplishes so through funding efforts that contribute to expanding the broader blockchain ecosystem. ApolloX, a platform for trading cryptocurrencies, and Zecrey, a protocol for chain-crossing, are two examples of more recent investments made by the accelerator.

ANDREESSEN HOROWITZ

HQ: Menlo Park, CA

Transactions using blockchain and cryptocurrencies: 141

In July 2022, all bitcoin and blockchain transactions will cease to exist.

Andreessen Horowitz was founded in 2009 as a venture capital investment company. The organization invests in startups at different stages and areas, such as fintech, blockchain, SaaS, and cybersecurity. Among the company’s recent cryptocurrency and blockchain investments are Flowcarbon, a distributor of carbon tokens to provide more transparency to the voluntary carbon market, and Linera, a blockchain protocol to bring Web2 scalability to Web3.

GENBLOCK CAPITAL

HQ: San Francisco, CA

One hundred thirty-nine transactions involving blockchain and cryptocurrency.

In June 2022, all bitcoin and blockchain transactions will cease to exist.

Unblock Capital is exclusive blockchain technology and cryptocurrency venture capital business. The company specializes in seed and early-stage investments within the decentralized finance and metaverse sectors. Recent developments saw the industry participate in the Astaria NFT lending platform seed round.

SIGNUM CAPITAL

HQ: Singapore

137 transactions utilizing blockchain technology and cryptocurrency

In July 2022, all bitcoin and blockchain transactions will cease to exist.

Signum Capital is a venture capital firm that invests in Web3, blockchain, and decentralized financial businesses. The company was founded in 2017 by a group of individuals interested in cryptocurrency. Sonarverse is a Web3 data source and analytics platform that provides crypto insights via customized product offerings for institutions, retail, and apps. The business has recently contributed to Sonarverse’s first investment round.

GENESIS BLOCK VENTURES

The Cayman Islands is the location of Genesis Block Ventures’ headquarters.

One hundred thirty-five transactions involving blockchain and cryptocurrency.

In May 2022, all bitcoin and blockchain transactions will cease to exist.

Genesis Block Ventures is a venture capital firm that invests in, produces, and develops blockchain technology to promote positive change and create meaningful solutions. In May, the business participated in financing rounds for the bitcoin gaming platforms Time Shuffle and AFKDAO.

PLUG AND PLAY TECH CENTRE

The Plug and Play Tech Centre’s main headquarters is in Sunnyvale, California.

134 transactions utilizing blockchain technology and cryptocurrency

In May 2022, all bitcoin and blockchain transactions will cease to exist.

Since its founding in 2006, the Plug and Play Tech Centre has served as an accelerator responsible for over 3,500 investments. In contrast to the great majority of other investors on our list, Plug & Play is active in various industries outside blockchain and cryptocurrencies. This category includes supply chain, healthcare, retail, and insurance. Their recent investments in cryptocurrencies and blockchain technologies include the fintech platforms Bitstack and Piggy Capital.