Research Report | Global Blockchain Investment and Financing Mapping

On October 24th, the Political Bureau of the CPC Central Committee conducted the 18th collective study on the status quo and trend of blockchain technology development, emphasizing the need to use blockchain as an important breakthrough for independent innovation of core technologies, and accelerate the promotion of blockchain technology and industrial innovation. development of.

Overnight, this policy spring has once again made the blockchain a hot topic, and the search popularity of “blockchain” and “bitcoin” has risen. The digital currency market and the capital market also responded, with bitcoin rising more than 40% and more than 100 blockchain concept stocks trading daily.

Based on publicly disclosed information, Zero Zhi think tank sorts out the investment and financing events of global blockchain projects over the years. In order to facilitate statistics, ICO, IEO, STO, M&A, IPO and IPO financing after listing are excluded, and October 31 The exchange rate converts the amount into RMB.

The data shows that as of October 2019, the global blockchain project received a total of 1,406 venture capital investments, and the total amount of publicly disclosed financing was approximately 74.22 billion yuan. The amount of single financing is mainly tens of millions and millions, and the financing of one billion yuan is only nine.

From the perspective of investment performance since 2018, emerging institutions such as Capital, Danhua Capital, and Node Capital, which are focused on the blockchain ecosystem, are the most active, with more than 25 attempts.

In terms of geographical distribution, China and the United States both lead the world in terms of both the amount of financing and the amount of financing, followed by Singapore and the United Kingdom; domestic Beijing is the first, Shanghai and Guangzhou, followed by Sichuan, Fujian and Hainan.

Blockchain financing has exploded, reaching its peak in 2018

According to the incomplete statistics of the Zero Think Tank, on October 31, 2019, the global blockchain project received a total of 1,406 venture capital investments, and the total amount of publicly disclosed financing was approximately 74.22 billion yuan.

Figure 1: Number and amount of financing for global blockchain projects

Source: Open Channel, Zero Think Tank

In addition to the decline in the number of financing in 2015, blockchain financing has generally exploded, reaching its peak in 2018, and various “blockchain+” applications emerged one after another. In the first ten months of 2019, the number of financing for blockchain projects reached 439, and the total amount of publicly disclosed financing was about 19.58 billion yuan. It is expected to reach about 25 billion yuan for the whole year.

 

The amount of financing is mainly tens of millions and millions, and only 9 of the billion

Statistics show that the financing of 10 million yuan and millions of dollars is still the mainstream way of the current market, accounting for 26% and 22.2% of the total market respectively, and only 9 yuan for the financing of 1 billion yuan. Among them, the two largest financings came from Bitcoin: in August 2018, they received a $1 billion Pre-IPO investment from Tencent, Softbank and CICC; in June 2018, they received a $400 million Series B financing from Red Shirt Capital.

Table 1: Global blockchain project financing TOP10 (in descending order of single financing amount)

Source: Open Channel, Zero Think Tank

The capital is the most active, and the emerging venture capital is the main force.

Institutions investing in blockchain projects include established investment institutions, venture capital accelerators, and emerging institutions focused on blockchain investments.

From the investment and financing information publicly disclosed from January 1, 2018 to October 31, 2019, the capital was the most active, and it took 28 times; Danhua Capital took 27 times and ranked second. Other active institutions include Node Capital, Creation Capital, JRR Crypto, and others.

Table 2: Global Blockchain Project Active Investment Institutions Top 30

Source: Open Channel, Zero Think Tank

The vast majority of the 30 institutions with the most investment are established in 2015 or later, focusing on the investment in the blockchain ecosystem. However, there are also established institutions such as Zhenge Fund, Strategy Source Venture Capital, IDG Capital, Jingwei China, etc. They have taken bold steps in the emerging field.

The number of financing in China and the United States continues to lead the world, and the amount of financing in the United States is better.

 

Major countries in the world are accelerating the layout of blockchain industry, and China has a good foundation and situation in this field.

The data shows that China's blockchain project financing number is the first, reaching 647, accounting for 46.0%, followed by 339 times in the United States, accounting for 24.1%; Singapore is more open, the number of blockchain project financing exceeds the UK ranking Third.

Table 3: Top 10 list of investment and financing for blockchain projects in various countries

Source: Open Channel, Zero Think Tank

Note: According to the incomplete statistics of the Zero Think Tank, there are 15 countries where the financing event is unknown.

Judging from the amount of publicly disclosed financing, the United States surpassed China, the United Kingdom surpassed Singapore, and the average Swiss single financing amount exceeded 170 million yuan.

 

The number of domestic investment projects is weak in the east and the west is weak.

 

The blockchain projects that have been financed in China are located in 17 provinces and municipalities, as well as Hong Kong and Taiwan. Beijing has taken the lead in financing and amount, followed by Shanghai, Guangdong and Zhejiang.

Table 4: China's blockchain project investment and financing area ranking TOP10

Source: Open Channel, Zero Think Tank

Note: According to the incomplete statistics of the Zero Think Tank, there are 16 financing events in the province.

The overall geographical distribution shows a weak development trend of East and West. In the eastern region, there are a large number of blockchain financing in the north, which ranks in the top three, accounting for 33.1% of the total. The strength of the eastern region depends on the policy-oriented and entrepreneurial atmosphere.

Sichuan, Fujian and Hainan have a strong support for the blockchain, and more than 10 blockchain projects have been financed by the three regions. In addition, a few companies in Hubei, Shaanxi, Chongqing, Hunan and other places have been voted.