In 2014, start-ups for bitcoin’s venture capital have started hugely. It beats its 2013 venture capital by a staggering twenty seven million dollars as of June 2014. The investments started to pour in 2012 with $2.1 million and jumped up to $92 million investments in 2013. At the end of 2014, the virtual currency has received a total of $ 284.5 million of investments.
The crypto-revolution has even exceeded the enthusiasm that the Internet revolution has made in 1995. Internet has dealt $250.1 million of venture capital investments in 1995. Since Internet has been a part of every day life, there is a big chance of having bitcoin to become similar, considering the fast growing adaptation to it.
The cryptocurrency trend is fast improving up to this date with big companies embracing the crypto-revolution. More and more investors are investing millions to these companies as bitcoin has made a big impact to individuals and businesses. Some of the major bitcoin brands that have claimed millions of investments are as follows:
Xapo provides bitcoin wallet service and cold-storage bitcoin vault security. It has raised $40 million of investments in 2014 which was the biggest since the startups started in 2012. Its investors are namely Benchmark Capital, Index ventures, Ribbit Capital and Greylock Partners.
BitPay has been tagged as the Paypal of bitcoin. It provides a service that enables businesses or individuals to accept bitcoin payments using a number of website plugins. Bitpay has earned $32.51 million of venture capital investments in 2014. The investors include Index Ventures, Sir Richard Branson and more. Its $30 million investments raised in May 2014 is the biggest in the Bitcoin industry.
In March 2014, Circle Internet Financial has raised $17 million of VC investments from Pantera Capital, Breyer Capital, Bitcoin Oppurtunity Fund and more. It provides an easy-to-use technology in sending and receiving money through bitcoins.
Bitfury is one of the largest bitcoin mining operations in the world. It’s headquarters is in Amsterdam with datacenters based in Finland, Georgia and Iceland. Its investors are Binary Financial, Jonathan Teo, Bill Tai anf ZAD Investment Company which earned them $20 million in May 2014.
BitGo is a multi-signature bitcoin wallet provider with $12 million of VC investmentsin 2014. Investors include Bitcoin Oppurtunity Corporation, Redpoint Ventures, Crypto Currency Partners and more prominent names among others.
The bitcoin exchange company, OKCoin, is based in China and earned $10 million first round of Venture Capital – backed funding in March 2014. It was led by Ceyuan, then by Mandra Capital, VenturesLab and more other prominent investors.
Bitcoin’s venture capital investments has been promising in the year 2014 and is consistently picking up as more and more individuals and businesses benefits from the crypto-revolution.
This is a huge amount of money going into the BTC startups, and soon when it reaches what internet startups have reached today, then Bitcoin would be what Internet has become today. Bitcoin will probably soon be part of everyday life.