A report providing an overview of the Bitcoin and Blockchain startup landscape, graphical trends and insights, and recent funding and exit events. Contact info@venturescanner.com to learn more!

1. Venture Scanner is your analyst and technology-powered startup research firm
Bitcoin/Blockchain
Startup Landscape Trends and Insights
January, 2017

2. Bitcoin/Blockchain report outline
2
This report provides an overview of the Bitcoin/Blockchain sector and is
broken down into three sections
Sector Description
High-level sector metrics
with sub-category
definitions
Trends & Insights
Infographics and data
points around the
Bitcoin/Blockchain sector
Quarterly Activity
Major funding and exit
events from the previous
90 days
Venture Scanner reports are built by analysts utilizing our
startup database and landscaping platform

3. Bitcoin/Blockchain Sector Description
3

4. Bitcoin startups are creating new business lines and disrupting old ones
The graphic above shows a sampling of companies in each category, stats as of January 2017
Bitcoin / Blockchain
Technology
Learn about our full report with 891
companies across 12 categories with
$1.9B in funding
Bitcoin Exchanges Bitcoin Mining Bitcoin Wallets
Bitcoin Payments Bitcoin Financial Services
Trust
News
Bitcoin Infrastructure Blockchain Innovation Big Data Gambling Services
4

5. The Venture Scanner Innovation Quadrant for Bitcoin/Blockchain
AVERAGE FUNDING ($M)
AVERAGEAGE(YEARS)
Bitcoin
Mining
ESTABLISHED HEAVYWEIGHTS
PIONEERS DISRUPTORS
Bitcoin
Big Data
Bitcoin
Wallets
Bitcoin Trust
& Verification
Blockchain
Innovations
Bitcoin
Payments
Bitcoin
Infrastructure
Bitcoin
Exchanges
Bitcoin
Financial Services
Bitcoin
News & Data
Bitcoin
Services
Bitcoin
Gambling
This quadrant shows a relative segmentation of the categories with respect to one another 5

6. Bitcoin/Blockchain startups play in many different categories (1 of 2)
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Bitcoin Big Data
7 Startups, $45M Total Funding
Companies that develop tools to analyze activity on
the public ledger to increase transparency.
Bitcoin Financial Services
142 Startups, $111M Total Funding
Companies that provide typical banking services
using bitcoin technology.
Bitcoin Infrastructure
75 Startups, $129M Total Funding
Companies that build the functionality that supports
the continued development of the bitcoin ecosystem.
Bitcoin News and Data Services
57 Startups, $5M Total Funding
Companies that provide news and raw data services
around the bitcoin ecosystem.
Bitcoin Exchanges
213 Startups, $421M Total Funding
Companies that allow users to buy and sell crypto-
currencies and implement trading strategies.
Bitcoin Gambling
36 Startups, $400K Total Funding
Companies that offer gambling opportunities using
bitcoin as the stakes.
Bitcoin Mining
70 Startups, $269M Total Funding
Companies that develop the computer hardware
associated with processing bitcoin transactions.
Bitcoin Payments
107 Startups, $478M Total Funding
Companies that enable merchants and consumers to
pay for real world goods and services using bitcoin.
Category stats as of January 2017

7. Bitcoin/Blockchain startups play in many different categories (2 of 2)
7
Bitcoin Services
27 Startups, $2M Total Funding
Companies that provide business services such as
recruiting and tax prep, but with a bitcoin focus.
Bitcoin Wallets
108 Startups, $398M Total Funding
Companies that offer consumers a place to securely
store their bitcoins.
Bitcoin Trust & Verification Services
16 Startups, $102M Total Funding
Companies that help verify a bitcoin user’s identity
for regulatory purposes.
Blockchain Innovations
153 Startups, $855M Total Funding
Companies that are working on blockchain
distributed ledger technologies.
Category stats as of January 2017

8. Bitcoin/Blockchain Trends & Insights
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9. 9
Venture investing into the space is dominated by Blockchain Innovations
The Blockchain Innovations category accounts for 30% of all venture funding
and 15% of total startup companies
Venture Investing in Bitcoin/Blockchain
Companies are categorized by function, and therefore can exist in multiple categories
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CompanyCount
TotalFunding($B)
VC Funding Count

10. 10
Funding into Bitcoin/Blockchain has grown substantially in recent years
Overall Bitcoin/Blockchain VC funding grew at a CAGR of 100% from 2010-2016
Bitcoin/Blockchain Funding Over Time
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800
2010 2011 2012 2013 2014 2015 2016
TotalFunding($M)

11. 11
Bitcoin/Blockchain startups founded in 2013 and 2014 lead in VC funding
58% of total sector funding was into startups founded in 2013 and 2014,
including companies like Circle, 21 Inc, and Blockstream
Bitcoin/Blockchain Funding By Vintage Year
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200
300
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600
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
TotalFunding($M)
Year Founded

12. 12
Bitcoin/Blockchain startups are a global phenomenon
Bitcoin/Blockchain Startup Count by Country
0 350
Companies

13. 13
Top VC investors are making bets in Bitcoin/Blockchain
Selected Investor Activity in Bitcoin/Blockchain
The above count represents a subset of overall investor activity
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NumberofInvestments
Number of Investments Number of Companies Backed

14. 14
Bitcoin/Blockchain exit activity is growing and dominated by acquisitions
Exits within the Bitcoin/Blockchain sector grew by 1100% between 2012 and 2015
Bitcoin/Blockchain M&A and IPO Events Over Time
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2012 2013 2014 2015 2016
NumberofExits
Public Acquired

15. Bitcoin/Blockchain Quarterly Update
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16. 16
Recent Bitcoin/Blockchain funding events
There have been 14 funding events in the past 90 days,
providing $52 million in capital
Funding Statistics from Last 90 Days*
Company Amount Funding Type
$18,000,000 Series A
$7,500,000
Equity
Crowdfunding
$5,000,000 Series A
$4,700,000
Equity
Crowdfunding
$4,200,000 Series A
Notable Recent Bitcoin/Blockchain Funding Events
*Graph shows only the funding types listed therein
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FundingEventCount

17. 17
Recent Bitcoin/Blockchain exit events
There have been 3 Bitcoin/Blockchain exit events in the past 90 days,
consisting of 2 acquisitions and 1 IPO
Notable Recent Bitcoin/Blockchain Exit Events
Company Exit Type Acquirer Date
Acquisition Dec 13, 2016
Acquisition Oct 24, 2016
IPO N/A Nov 8, 2016

18. About Venture Scanner
18

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19
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