July 21, 2018

In profile — The Top 10 VC firms investing in blockchain » Brave New Coin

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#1 Digital Currency Group

Description: Digital Currency Group is clearly the most influential venture capital investor in the blockchain space. Based in New York, Digital Currency Group has made more investments in blockchain companies, and for more money, than any other investor. Not only was Digital Currency Group one of the first blockchain investors, it has made more blockchain investments in the last 12 months (15) than all but 9 other VCs have made over any period.

Total Blockchain Company Investments: 58
Value of Venture Investments in Blockchain: $78 million
Top Blockchain Investments: Basis, Ledger, Circle, Blockchain Inc.
Exclusively Invests in Blockchain/Digital Assets: Yes
Blockchain Investments, Last 12 Months: 15

Based in: New York, NY

Website: http://dcg.co

View more info on Digital Currency Group

#2 Pantera Capital

Pantera Capital crypto fund

Description: Pantera barely edged out Blockchain Capital for the number two spot on the list. Based in Menlo Park where the Bay Area’s tech and VC worlds collide, Pantera ranked in the top 10 in all four criteria looked at for rankings. Unlike most of the pure venture capital funds on this list, Pantera is a hybrid hedge fund/venture fund making seed investments in blockchain companies as well as investing in tokens and cryptocurrencies.

Total Blockchain Company Investments: 31
Value of Venture Investments in Blockchain: $65 million
Top Blockchain Investments: Basis, Circle, Harbor, DMarket
Exclusively Invests in Blockchain/Digital Assets: Yes
Blockchain Investments, Last 12 Months: 13

Based in: Menlo Park, CA

Website: https://www.panteracapital.com

View more info on Pantera Capital

 

#3 Blockchain Capital

Blockchain Capital crypto fund

Description: Blockchain Capital came in a close third. Like Digital Currency Group and Pantera Capital, Blockchain Capital is a pure blockchain venture fund. Its first investment in blockchain came in late 2013 with its Series A investment in BTCC, the world’s oldest Bitcoin trading platform, and since that time it has made more blockchain investments than anyone but Digital Currency Group. 

Total Blockchain Company Investments: 37
Value of Venture Investments in Blockchain:
$71 million
Top Blockchain Investments: Circle, Coinbase, Blockstream, Ripple
Exclusively Invests in Blockchain/Digital Assets: Yes
Blockchain Investments, Last 12 Months: 12

Based in: San Francisco, CA

Website: http://blockchain.capital

View more info on Blockchain Capital

 

#4 Andreessen Horowitz (a16z)

andreessen horowitz ventures crypto fund

Description: Andreessen Horowitz, also know as a16z, is one of the world’s largest venture capital firms, and the first VC on the list to not invest almost exclusively in blockchain and digital assets. In fact, digital assets make up only a fraction of a16z’s more than $4 billion in assets. Andreessen got its start in blockchain investing in 2013 with an angel investment in Ripple followed by early-stage venture funding of Coinbase. Since then, it has made nearly a dozen other blockchain investments in companies like Basis, Harbor, and Chia Networks. Look for Andreessen to move even farther up this list with its recent announcement of a $300 million crypto-focused fund.

Total Blockchain Company Investments: 14
Value of Venture Investments in Blockchain:
$55 million
Top Blockchain Investments: Basis, Coinbase, DFINITY, Harbor
Exclusively Invests in Blockchain/Digital Assets: No (but recently launched fund focused on digital assets)
Blockchain Investments, Last 12 Months: 9

Based in: Menlo Park, CA

Website: https://www.a16z.com

View more info on Andreessen Horowitz (A16z)

 

#5 Node Capital

Node Capital Crypto Fund Logo

Description: Unlike other top venture funds on the list that primarily make seed and Series A investments in blockchain companies, Node Capital primarily invests via initial coin offerings (ICOs). Node Capital is based in Beijing and has made most of its nearly two dozen blockchain investments in Chinese startups like Fengwo and ChinaUp.com. It has been the most active blockchain investor over the last 12 months. Node was co-founded by Jun Du, CEO of Cointime.

Total Blockchain Company Investments: 22
Value of Venture Investments in Blockchain:
$20 million
Top Blockchain Investments: Trip.io, HuoBi, Delphy Foundation, Fengwo
Exclusively Invests in Blockchain/Digital Assets: Yes
Blockchain Investments, Last 12 Months: 21

Based in: Beijing, China

Website: http://www.nodecap.com

More info on Node Capital

 

#6 Boost VC

Boost VC crypto fund

Description: Boost VC is an artificial intelligence, blockchain, and crypto accelerator based in San Mateo, California. Boost began its foray into blockchain investments in 2014 with a seed round in Ripio. Since then, it has made more than 30 additional investments in crypto and blockchain including almost a dozen in the last 12 months, making Boost one of the world’s most active venture capital/accelerators in blockchain.

Total Blockchain Company Investments: 32
Value of Venture Investments in Blockchain: 
$67 million
Top Blockchain Investments: BlockCypher, Tezos, Ledger, Coinbase
Exclusively Invests in Blockchain/Digital Assets: No
Blockchain Investments, Last 12 Months: 11

Based in: San Mateo, CA

Website: https://www.boost.vc/

View more info on Boost VC

 

#7 IDG Capital

IDG Capital crypto venture and private equity fund logo

Description: IDG Capital is a private equity and venture capital fund based in New York. Like Boost VC, it invests in a variety of companies and not exclusively in blockchain and crypto assets. IDG got its start in blockchain with a Series A investment in Ripple in 2013, though it typically makes later stage venture investments. IDG Capital made few other blockchain investments until 2018 when it made investments in Huoxing 24, Circle, imToken, and Mars Finance in just the first five months of the year. In addition to its main New York office, IDG has a satellite office in Bangalore, India.

Total Blockchain Company Investments: 8
Value of Venture Investments in Blockchain: 
$31 million
Top Blockchain Investments: Ripple, Circle, Mars Finance, imToken
Exclusively Invests in Blockchain/Digital Assets: No
Blockchain Investments, Last 12 Months: 4

Based in: New York, NY

Website: http://en.idgcapital.com

View more info on IDG Capital

 

#8 Draper Associates

Draper Associates blockchain venture capital fund

Description: Draper Associates is based in San Mateo, CA and led by legendary venture investor Tim Draper. Draper makes early-stage venture investments in a variety of technology, manufacturing, and healthcare companies including blockchain companies and startups.  Its first investment in blockchain came with a 2014 seed investment in Augmate, an IoT and wearables company focused on enterprise.

Total Blockchain Company Investments: 17
Value of Venture Investments in Blockchain: 
$25 million
Top Blockchain Investments: Coinbase, Ledger, Factom, CryptoMove
Exclusively Invests in Blockchain/Digital Assets: No
Blockchain Investments, Last 12 Months: 6

Based in: San Mateo, CA

Website: http://www.draper.vc

View more info on Draper Associates

 

#9 Ceyuan Ventures

Ceyuan Ventures blockchain venture fund

Description: Ceyuan Ventures is an early stage VC based in Beijing, China, with an additional office in Hong Kong. It primarily invests in technology companies and has made a half dozen significant blockchain investments in companies like Basis, Mars Finance and Trip.io. Its first blockchain investment came in 2014, and, after making no new blockchain investments in 2016 and 2017, made four in the first half of 2018.

Total Blockchain Company Investments: 6
Value of Venture Investments in Blockchain: 
$36 million
Top Blockchain Investments: Basis, Mars Finance, Trip.io, OkCoin
Exclusively Invests in Blockchain/Digital Assets: No
Blockchain Investments, Last 12 Months: 4

Based in: Beijing, China

Website: http://www.ceyuan.com/en/index.html

View more info on Ceyuan Ventures

 

#10 Lightspeed Venture Partners

Lightspeed Venture Partners crypto fund

Description: Lightspeed is a global venture capital firm based in Menlo Park with six additional offices including locations in Israel, China, and India. It primarily invests in consumer and enterprise sectors and has also made several investments in blockchain companies like Basis and Ripple. Lightspeed has also made an early investment in BTC China via LIghtspeed China Partners.

Total Blockchain Company Investments: 6
Value of Venture Investments in Blockchain: 
$24 million
Top Blockchain Investments: Basis, Blockchain Inc., Saga Foundation, BTCC
Exclusively Invests in Blockchain/Digital Assets: No
Blockchain Investments, Last 12 Months: 3

Based in: Menlo Park, CA

Website: http://lsvp.com

View more info on Lightspeed Venture Partners


Feature adapted from Top 50 Venture Capital Firms Investing in Blockchain Companies first published here by Crypto Fund Research.