Bitcoin Venture Capital Funding on Pace for $1 Billion in 2015
NEW YORK (InsideBitcoins) – With the recent venture funding announcement from secretive bitcoin startup 21 Inc., the bitcoin industry is now on pace to eclipse the $1 billion mark for 2015. This would be a massive improvement over the final numbers from 2014, and each passing year has shown exceptional growth in funding for bitcoin companies since 2012. In addition to the $116 million raised by 21, Coinbase also announced a funding round of $75 million in January, which included investments from the New York Stock Exchange, BBVA, USAA Bank, and many other respected institutions in the financial industry.
21 breaks Coinbase’s record
21′s $116 million in venture capital funding is the most ever by a company in the digital currency space, and it breaks a record set by Coinbase earlier this year. There is a steep drop off in funding totals when compared the rest of the rounds that have been in announced in 2015, although KnCMiner was able to raise $15 million for their mining-centric business model. Although 21 has been able to raise a remarkable amount of money for their upcoming commercial operations, the exact nature of their business is still unknown to the general public at this point in time.
This post was published at Inside Bitcoins on Mar 10, 2015.