US, WASHINGTON (ORDO NEWS) — According to a new report by CB Insights, the volume of venture financing in the blockchain company last year decreased by a third from $ 4.2 billion to $ 2.8 billion, while the number of transactions decreased only from 822 to 807.
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— CB Insights (@CBinsights) March 19, 2020
The company explains the revealed difference with the high base of 2018. That year, several concluded agreements at the last stage of venture financing were closed at once. For example, selling $ 400 million in Bitmain shares, raising $ 300 million for Coinbase following the results of the Series E funding round, and getting Hyperchain $ 234 million for Series B.
In this regard, 2019 was rich only in Ripple and Figure deals , which raised $ 200 million and $ 103 million in Series C financing rounds, respectively.
Geographically, the share of transactions with companies from China increased. In 2019, their number increased by 22%, while with the participation of companies from the United States it decreased by 31%. A similar trend has been observed over the past five years.
Investments in corporate solutions on the blockchain still account for a smaller amount of the total – out of $ 2.8 billion, they accounted for only $ 434 million. Cryptocurrency companies received $ 2.35 billion.
Recall that according to Pitchbook since the beginning of 2020, the total amount of venture investments in the crypto industry has decreased by about 40%.
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