Blockchain Companies Show Modest Rise in Private Investment

Blockchain, FinTech, ICO News, Innovation, Investing, News | September 25, 2017 By:

PitchBook has released research that shows blockchain companies have received more than $4.5 billion in private investments this year, while initial coin offerings (ICO) have raised nearly $2 billion. Still, the data indicates blockchain funding is on the rise.

The PitchBook research note  indicates most of the private money came from the second-quarter acquisition of DH Corporation, a Canadian FinTech company that uses blockchain for its payments services. That acquisition accounts for $3.6 billion of the total. DH Corporation was merged into what’s now known as Finastra.

Equity-based blockchain deals are less frequent this year, perhaps as a result of the rise in ICOs. Leaving out the DH deal, the remaining 152 blockchain transactions raised $965 million, up from 2016’s $624 million raised through 203 transactions.