The world of bitcoin and blockchain has attracted a lot of money over the past few years. Several companies have received a significant amount of backing, indicating venture capitalists like their business idea and see a bright future ahead. Below are some of the companies raising a lot of money in recent years.
Most people know Blockstream as the company responsible for a large portion of the Bitcoin Core development. Over the years, Blockstream has attracted a total of $76m in funding, which indicates a lot of VC investors feel the company has something valuable to offer. Blockstream is working on sidechains and other types of blockchain development that will help the bitcoin ecosystem, as well as other projects making use of distributed ledger technology.
Bitfury is a company known for manufacturing bitcoin mining hardware, as well as running one of the world’s largest bitcoin mining pools. Over the past few years, BitFury has become a household name and raised $90m in investments from various partners and venture capitalists. It is evident the company will continue to be an integral part of the bitcoin ecosystem and keep on innovating at the same time.
The Ripple ecosystem is attracting a lot of interest from financial institutions all over the world. Banks are looking to incorporate blockchain technology into the traditional financial system. Bitcoin’s blockchain does not suit their needs, yet they have taken a liking to what Ripple has to offer. With $96m in funding to date, it is evident this company will continue to make an impact in the world of blockchain and finance.
The Coinbase exchange is one of the largest in the world. With $116.5m in funding over the past handful of years, it is evident the exchange platform is seen as one of the easiest ways to enter the cryptocurrency ecosystem. Coinbase is active in a lot of different countries right now and it is expected they will continue to expand their presence and list of supported currencies.
2. 21 Inc
Putting bitcoin into the hands of as many as possible is one of 21 Inc‘s main objectives. The company introduced the Bitcoin Computer a while ago, which has been received with a fair amount of enthusiasm. Moreover, they are still working on various projects that will allow anyone in the world to earn small amounts of bitcoin. 21 Inc received $121m from VCs to build their products and services. It will be interesting to see what the company comes up with next.
Although Circle recently pivoted away from openly advertising their relation to Bitcoin, the company has made a name for itself in the cryptocurrency industry. While they were still part of the bitcoin ecosystem, Circle used a total of $136m in funding. Providing convenient access from fiat currency to bitcoin is direly needed, that much is certain.
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