blockchain startups raised $ 822 million in the first half of this year

The company Outlier Ventures has published the results of a study, according to which in the first half of this year blockchain startups attracted a total of $ 822 million.

During this period, 279 venture capital transactions were concluded, of which 159 were aimed at providing initial financing. Based on these data, we can conclude that even despite the bear market observed at the beginning of the year, the zeal of entrepreneurs to invest in the cryptocurrency industry was not lost.

“If we draw an analogy with the results of last year, then major deals with venture capital in the blockchain space were less frequent. Moreover, cryptocurrency exchanges remain the leading link in this field, even despite the tightening of rules by regulators. Only one Bithumb raised $ 200 million, ”said Outlier Ventures partner Lawrence Lundy-Bryan.

He also noted another pattern that began to be traced this year.

“The initial exchange offers (IEO) began to attract the attention of investors in the first half of this year. This is not surprising, since IEO is a revival of the ICO model with the difference that the project immediately has high liquidity due to listing on a large trading platform, ”said Brund Landi.