Google parent Alphabet invested $1.5B into blockchain startups since September 2021

2022-8-17 14:10

Over $6 billion was invested in blockchain startups by 40 public companies from September 2021 to June 2022, according to CB Insights.

Available data indicates that Google’s parent company Alphabet took the highest bet of $1.5 billion into 4 startups, including DapperLabs.

Institutional hedge fund manager BlackRock followed suit with $1.17 billion, while Wall Street giants Morgan Stanley and Goldman Sachs invested $1.1 billion and $698 million, respectively.

Samsung was the most active investor during the period, having participated in 13 investment rounds. United Overseas Bank (UOB) led 7 rounds, while Citibank closed 6 deals.

Concentrated vs diversified bets

Many of the companies under review chose to make concentrated bets, while a few, like Samsung, adopted a diversified approach to their investments.

Out of the $477 million committed by Microsoft to two startups during the period, 94% ($450 million) went in for the ConsenSys deal. Alphabet on its part took a  bet on 4 startups with $550 million invested in Fireblocks.

On the other end, a more diversified company like Samsung shared its $979 million across 13 blockchain startups. UOB, with an investment of  $204 million, funded 7 startups, including Yield Guild Games.

NFT solutions getting more attention

A look into the use cases investors were interested in showed that Non-fungible tokens (NFT) services received more funding.

61 blockchain startups were considered for investment, of which 19 were focused on building NFT solutions. About 63% of the solutions were marketplaces, supporting the buying and selling of NFTs.

Custody solution providers received a total of $1.4 billion. Fire blocks, Circle and Anchorage Digital were named to have received $550 million, $550 million, and $350 million, respectively.

Venture capital also investing

A similar report published by Pitchbook indicated that $17.5 billion was invested in crypto startups during the first half of 2022. Venture capital poured $9.85 billion into crypto during the first quarter, while the second quarter recorded $6.75 billion.

More recently, venture capital firm Pantera led a $65 million Series A funding round to help NFT domain provider Unstoppable Domain reach a $1 billion valuation.

The post Google parent Alphabet invested $1.5B into blockchain startups since September 2021 appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

pxUSD Synthetic USD Expiring 1 April 2021 (PXUSD_MAR2021) на Currencies.ru

$ 1.1454 (-0.84%)
Объем 24H $0
Изменеия 24h: 7.63 %, 7d: 11.97 %
Cегодня L: $1.1454 - H: $1.1454
Капитализация $0 Rank 3882
Доступно / Всего 0 PXUSD_MAR2021

startups september blockchain 2021 invested google parent

Источник: cryptoslate.com

startups september → Результатов: 27


CC FORUM MIDDLE EAST — Investment in Sustainable Development, 27-28 January 2021 in UAE (off-line)

Following CC Forum’s highly successful editions in London (October 2019) which received a royal greeting by HM Queen Elizabeth II and the edition in Monaco under the High Patronage оf HSH Prince Albert II Grimaldi of Monaco (September 2020) CC Forum the UAE will connect global thought leaders, policy makers, investors and startups from across […]

2020-11-23 14:48


Фото:

South Korean Lawmakers Propose the Legalization of ICOs

South Korea has maintained a reasonably negative stance on cryptocurrencies and initial coin offerings (ICOs) since their blanket ban in September 2017. According to Business Korea’s article released on October 4, 2018, however, the National Assembly is looking to convince the government to remove the ICO ban as it may undermine South Korea’s future competitiveness.

2018-10-5 09:00


Фото:

South Korean Government Pledges to Support Domestic Blockchain Projects

South Korea’s Ministry of Science and Information Communications Technology (ICT) has vowed to increase Government funding and support for the nation’s blockchain companies. According to Business Korea’s article published on September 21, 2018, the Government’s decision to boost support was to assist blockchain startups with current challenges and help drive growth to domestic blockchain industry.

2018-9-23 23:00


Blockchain App Factory Moves into Security Token Offering Development (STO)

Bitcoin Press Release: Blockchain App Factory, an enterprise, technology services, and solutions provider for Blockchain startups announce new STO services. September 11th, 2018, India – Blockchain App Factory, an end-to-end permissioned and crypto blockchain solutions company, is expanding its offering by launching Security Token and White-label Exchange Development services.

2018-9-11 09:24


Фото:

Crypto-Friendly Belarus Seeking South Korean Investment for DLT, A.I. and Blockchain Startups

Eastern European nation, Belarus has made it clear its doors are open to international investors from South Korea and various regions to invest in its vibrant blockchain technology, artificial intelligence, and other ‘fourth industrial revolution’ technologies industry, as first reported by Korea JoongAng Daily on September 6, 2018.

2018-9-11 23:00


Фото:

Cointopia’s $3 Million Raise to Help Launch Blockchain PR Marketplace

On September 6, 2018, Cointopia announced that it has achieved funding of $3 million. Furthermore, it is launching a marketplace aimed at bringing together blockchain businesses and services. For blockchain startups or large companies looking to invest in the emerging technology, the Cointopia is attempting to establish a one-stop-shop for the advancing sector.

2018-9-9 06:00


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru