Venture Capital Summit Offers Innovative Ideas and Money

At Global Venture Capital Summit 2018, talks revolve around innovative ideas and the money needed to fund these ideas

From Dailyhunt.in Dec. 8, 2018

Speaking at the Global Venture Capital Summit 2018 Union Minister of Commerce and Industries Suresh Prabhu said the country will need more ideas and more capital to multiply its wealth.

The Global Venture Capital Summit 2018 kicked off in Goa on December 7. An initiative of the Departmental of Industrial Policy & Promotion (DIPP) and the Government of Goa, in partnership with the International Finance Corporation and Indian Private Equity & Venture Capital Association, the event brought together international fund managers, startups, government officials and other key stakeholders from the startup ecosystem.
Present on the occasion were Union Minister of Commerce and Industries Suresh Prabhu and Goa Minister of Revenue, IT, Labour & Employment, Rohan Khaunte.

The Summit focused on the opportunities for investments in the Indian startup ecosystem, and showcased the diverse market opportunities and technology innovations available in the country, with discussions held around the current and future regulatory changes .

Ease of doing business increases

The context of the Summit was set by Ramesh Abhishek, Secretary, DIPP. "This event will help us discuss the opportunities available and the challenges of the Indian ecosystem," he said.

He spoke about the ease of doing business in the Indian ecosystem - including at the district level, faster environmental clearances (from 600 days to 140 days) and abolition of inter-state check posts after the introduction of Goods and Service Tax (GST), among others. "In terms of ease of doing business globally, India was ranked 133 in 2009, now we are at Rank 77," he said.

Since the introduction of Startup India in January 2016, 14,479 startups have been recognised with the Government of India. "A corpus of over Rs 100 billion is to be provided by March 2025," the DIPP Secretary said.

The Union Government has undertaken steps like the introduction of transformative measures - GST, IBC and Commercial Courts Acts, and introduction of third party and self-certification measures.

Under the Startup India programme, the Government also started a virtual incubation platform for startups to register themselves. "Before the launch of Startup India, only four Indian states adopted the startup policies. Since January 2016, 16 states have launched their own startup policies," he added.

Goa as a preferred startup destination

Addressing the audience, Goa minister Rohan Khaunte said that the state is set to become a desirable startup destination by welcoming more investments and creating more job opportunities.

He compared Goa's cultural richness with the culture of startups. "Startups have the culture to innovate, the culture of risk-taking and the culture of treating every failure as a stepping stone to success," he said. Having said that, he added, "Everyone has ideas but only few can execute these ideas."

Khaunte also spoke about how buoyant the mood in the Indian startup ecosystem was, with roughly $11 billion being invested in the country in the last year and Flipkart making a huge exit.

"The Indian startup ecosystem is set to break all records. We look at Goa being the startup capital and capital of startup investment," he concluded.

The relationship between ideas and money

Setting a context to the premise of the Summit - attracting investments -- Suresh Prabhu said, "When you talk about a startup, you are talking about a new idea, and money and ideas need each other."

He said that India will be adding another $10 trillion in the coming 15 to 16 years, and would need more ideas for wealth to multiply. In this context, the Union Minister announced that India was prepared for this level of growth and that one of the key steps in this direction was adding another 100 airports in the next decade.

Besides this, he also said that startups are the new job creators and they will greatly socially benefit the Indian society.

Prabhu announced that the Global Venture Capital Summit will be held in Goa each year on the first Friday of December.

Expert panels discuss the India story

The Summit saw a couple of expert panels speaking on topics ranging from 'Opportunity to build India as a $10 trillion economy by 2030', to discussions on 'Disrupting traditional models' and 'Innovation in India'.

Commenting on the latest technology one of the panellists, Dr Shefali Juneja, Joint Secretary of the Ministry of Civil Aviation, said, "Drones are here to stay and they will be feeding the Indian startups."

Other speakers included eminent names such as Priya Rajan of Silicon Valley Bank, investors Alok Goyal (Stellaris Venture Partners), Will Poole (Capria Investments), TCM Sundaram (IDG Ventures), Rahul Khanna (Trifecta Capital), Shweta Bhatia (Eight Road Ventures), Karthik Reddy (Blume Ventures) and Vikram Gupta (IvyCap Ventures) among many others.

Startup founders like Yashish Dhaniya (PolicyBazaar), Abhinav Jain (Shop 101), Mayank Kumar (UpGrad), Shradul Seth (Agrostar) and Venkatesh Bhat (Blackbuck) were also part of these panel discussions.

The Global Venture Capital Summit also saw the release of a report on Mobilizing Global Capital for Innovation. The report talks about the Indian Venture Capital landscape, the startup ecosystem in India and the regulatory framework in the country.

VCs at the summit said that they were interested in investing in the agritech, edutech, fintech and healthtech sectors in India.

YourStory is the digital media partner for the Global Venture Capital Summit 2018. We will be sharing live tweets and posts from the event as they unfold. Watch this space for more of the latest news and takeaways from the summit.

Source: https://m.dailyhunt.in/news/india/english/yourstory-epaper-yourstory/at+global+venture+capital+summit+2018+talks+revolve+around+innovative+ideas+and+the+money+needed+to+fund+these+ideas-newsid-103336936

Venture Capital Marketplace to Asia with VNX Exchange

VNX Exchange is bringing its tokenized venture capital marketplace to Asia with new Senior Vice President Zing Yang.

From Coinannouncer.com By Eseandre Mordi Nov. 22, 2018

The VNX™ exchange – with operational headquarters in Luxembourg, has begun implementation of its marketplace expansion plans. Such moves by the company are aimed at aptly covering newer territories outside the European axis so that more people can have access to some form of simplified token asset trading opportunities. Hence, the exchange’s action is substantially not unconnected with the perceived need for a viable framework that would facilitate the accomplishment of the company’s innovative business objectives for the cryptocurrency setting.

Consequently, VNX has finished its organizational internal formalities for the appointment of its new senior vice president- who would oversee company affairs in the Asian region. The senior executive ZingYang would be directly concerned with the company’s new business interactions in the Asian continent, and she is expected to execute tokenized digital currency venture asset projects that would paint the VNX’s company name and objectives in a positive limelight.

Functions and objectives of the VNX digital currency marketplace

According to operational objective and roadmap tendencies, the VNX exchange is designed to support an active community of digital asset buyers and sellers, on its tokenized asset venture capital supporting platform. The company’s objectives are directed at creating an impressive liquidity structure for the venture capital front, as well as providing an effective and proven means of fund sourcing for ingenious and prospective businesses- powered on a decentralized protocol, amongst others.

With the VNX exchange services, users can successfully explore the merits of prompt digital asset trading and investments, while leveraging on the value-added services as provided by the platform development and management team. Analysts say that the VNX operation methods are very much relevant in terms of simplifying the many risks and complexities of digital asset venture capital investments. By this, the platform creates an opportunity for both the experienced stakeholders and the newbie investors, to profitably engage in the platform’s hosted services.

Note that the platform assists users in a reasonable way, by enabling risk diversifications from the initial stages of user investment. This part of the framework is important because it shares off too much concentrated risks that could results in substantial losses for the investing user.

In order to ensure the effectiveness of its efforts, the VNX digital venture capital marketplace has also entered into top-notch partnerships with cryptocurrency key players- who would help in creating a synergy that brings good results for all the collaborating firms. One of such partnerships is the VNX and NEM blockchain partnership, which was also recently agreed upon. The collaboration has been able to incorporate an ability to produce different protocols and their corresponding security tokens, which would assist businesses and organizations that are hosted on the NEM network. This achievement fulfills one of the exchange’s foremost objective, which aims at facilitating the creation and provision of tokenized assets.

The VNX founder and boss, Alexander Tkachenko, has expressed the company’s readiness to follow through with seeing to it that digital venture capital investments are given a rightful place priority in the next few years.

Zing Yang’s responsibilities as the new Asian VNX service head

The new vice chief for the Asian market is charged with a number of responsibilities that are considered pivotal to the exchange’s success tendencies (or failures) in the new frontier. Zing Yang’s primary assignments are quite specific, and this would most likely take the bulk of her concentration for the earliest periods of her tenure.

Since the VNX company operations are still very much new in the region, she is expected to basically create some high-level user to company trust, which would allow for greater public participation in the solutions that the platform has to offer.

As part of the schedule for bringing this to light, she would be working to extend VNX company operations to countries such as Singapore, South Korea, and Hong Kong. These are places with significant cryptocurrency usage and investments; however the scope is not intended to limit on these countries alone, in the long run.

Asides this, Yang is charged with a responsibility of creating and enforcing a local footprint for the company, as well as building up a strong ecosystem- that stands the test of time, in the Asian axis. If the company’s intentions for its newfound operation location comes to fulfillment, then the company should have established a major stronghold in the coming days.

The new executive’s appointment comes as a well made choice, considering the fact that Yang has worked extensively in investment management fields, as well as other job descriptions involving public and private equity. She is an expert in digital currency and venture capital investments among others, with several years of active participation plus reasonable contributions made. She is currently a director at the Litecoin foundation, having served in other positions in various firms such as the capital group.

For more information, visit: https://vnx.io/

Source: https://www.coinannouncer.com/vnx-exchange-appoints-zing-yang-to-act-as-its-senior-vice-president-in-the-asian-region/

Venture Capital Funding for Coinbase - $300 Million

Venture Capital Funding for Coinbase in $300M Series E Round

From VCnewsdaily.com 2018-10-30

SAN FRANCISCO, CA, Coinbase, a cryptocurrency exchange, has raised $300 million in Series E funding.

According to Fortune, Coinbase, the most popular cryptocurrency exchange in the U.S., announced on Tuesday a massive Series E venture capital funding round that values the company at $8 billion.

The company announced the $300 million investment in a blog post, which said the venture capital funding is being led by New York-based Tiger Global, and will be used to accelerate global expansion and the offering of more cryptocurrencies.

"We see hundreds of cryptocurrencies that could be added to our platform today and we will lay the groundwork to support thousands in the future," wrote Coinbase Chief Operating Officer Assif Hirji in the post.

Currently, Coinbase only offers Bitcoin and a handful of other cryptocurrencies, in part due to concerns that many digital currencies may be securities that must be registered with the Securities and Exchange Commission.

The latest venture capital funding round, which follows a $100 million round in August of 2017, is being led by New York-based Tiger Global with contributions from Y Combinator Continuity, Wellington Management, Andreessen Horowitz, and Polychain Capital among others.

A source close to Coinbase told Fortune the company will also be bringing on other investors in the near future via a secondary offering worth $200 million or more. This offering would serve as a vehicle for some employees and early investors to cash in their shares, and would not change the overall amount of venture capital funding raised by Coinbase.

The Series E venture capital funding round also points to Coinbase possibly going public in 2019. While the company hasn't discussed a specific timeline to go public, CEO Brian Armstrong recently stated he would like to run a public company.

Source: https://vcnewsdaily.com/coinbase/venture-capital-funding/thzywhvhrd

Blockchain Capital Funding is Growing - Venture Capital Top 20

Top 20 Venture Capital Firms Investing in Blockchain Companies

CryptoFundResearch from June 2018

What are the top venture capital firms investing in blockchain companies and startups? This is not as simple of a question as it may first appear. What exactly is a “top” blockchain VC?  Total blockchain assets? Total number of blockchain investments? How long or how actively they’ve been investing in blockchain companies?

There’s no obvious way to rank the top venture investors in blockchain. So we included all of the above components in our rankings. You can see details of our methodology here.

The short answer is these are the 20 most important and influential venture capital companies investing in blockchain and cryptocurrency companies. They are ranked according to four key criteria: value of total blockchain investments, total number of blockchain investments, length of blockchain investment experience, and level of investment activity in the last 12 months.

Be sure to scroll to the bottom for a variety of charts, graphs, and other resources to help visualize the world of venture capital investment in blockchain and crypto.

Top 50 Blockchain VCs – Key Stats

# of Blockchain Deals, Total: 556
# of Blockchain Deals, Last 12 Months (through 6/15/2018): 282
Overall Deal Volume, Total: $1.19 billion USD
Average Deal Size: $2.1 million USD
Average # of Co-Investors: 5
Most Common Deal Type: Seed funding
Most Active Blockchain Investor: Digital Currency Group
% Investing Exclusively in crypto/blockchain assets: 34%

Top 50 Blockchain Venture Capital Firms

#1 Digital Currency Group
Digital Currency Group DCG crypto fund
Description: Digital Currency Group is clearly the most influential venture capital investor in the blockchain space. Based in New York, Digital Currency Group has made more investments in blockchain companies, and for more money, than any other investor. Not only was Digital Currency Group one of the first blockchain investors, they have made more blockchain investments in the last 12 months (15) than all but 9 other VCs have made over any period.

Total Blockchain Company Investments: 58
Value of Venture Investments in Blockchain: $78 million
Top Blockchain Investments: Basis, Ledger, Circle, Blockchain Inc.
Exclusively Invests in Blockchain/Digital Assets: Yes
Blockchain Investments, Last 12 Months: 15
Based in: New York, NY
Website: http://dcg.co

#2 Pantera Capital
Pantera Capital crypto fund
Description: Pantera barely edged out Blockchain Capital for the number two spot on our list. Based in Menlo Park where the Bay Area’s tech and VC worlds collide, Pantera ranked in the top 10 in all four criteria we looked at for our rankings. Unlike most of the pure venture capital funds on this list, Pantera is a hybrid hedge fund / venture fund making seed investments in blockchain companies as well as investing in tokens and cryptocurrencies.

Total Blockchain Company Investments: 31
Value of Venture Investments in Blockchain: $65 million
Top Blockchain Investments: Basis, Circle, Harbor, DMarket
Exclusively Invests in Blockchain/Digital Assets: Yes
Blockchain Investments, Last 12 Months: 13
Based in: Menlo Park, CA
Website: https://www.panteracapital.com

#3 Blockchain Capital
Blockchain Capital crypto fund
Description: Blockchain Capital came in a close third on our rankings of the top venture capital investors in blockchain. Like Digital Currency Group and Pantera Capital, Blockchain Capital is a pure blockchain venture fund. Their first investment in blockchain came in late 2013 with their Series A investment in BTCC, the world’s oldest Bitcoin trading platform, and since that time has made more blockchain investments than anyone but Digital Currecncy Group. Blockchain Capital is based in San Francisco, CA.

Total Blockchain Company Investments: 37
Value of Venture Investments in Blockchain: $71 million
Top Blockchain Investments: Circle, Coinbase, Blockstream, Ripple
Exclusively Invests in Blockchain/Digital Assets: Yes
Blockchain Investments, Last 12 Months: 12
Based in: San Francisco, CA
Website: http://blockchain.capital

#4 Andreessen Horowitz (a16z)
andreessen horowitz ventures crypto fund
Description: Andreessen Horowitz, also know as a16z, is one of the world’s largest venture capital firms, and the first VC on our list to not invest almost exclusively in blockchain and digital assets. In fact, digital assets make up only a fraction of a16z’s more than $4 billion in assets. Andreessen got their start in blockchain investing in 2013 with an angel investment in Ripple followed by early stage venture funding of Coinbase. Since then, they have made nearly a dozen other blockchain investments in companies like Basis, Harbor, and Chia Networks. Look for Andreessen to move even farther up this list with their recent announcement of their $300 million crypto-focused fund.

Total Blockchain Company Investments: 14
Value of Venture Investments in Blockchain: $55 million
Top Blockchain Investments: Basis, Coinbase, DFINITY, Harbor
Exclusively Invests in Blockchain/Digital Assets: No (but recently launched fund focused on digital assets)
Blockchain Investments, Last 12 Months: 9
Based in: Menlo Park, CA
Website: https://www.a16z.com

#5 Node Capital
Node Capital Crypto Fund LogoDescription: Unlike other top venture funds on our list that primarily make seed and series A investments in blockchain companies, Node Capital primarily invests via initial coin offerings (ICOs). Node Capital is based in Beijing and has made most of its nearly two dozen blockchain investments in Chinese startups like Fengwo and ChinaUp.com. They have been the most active blockchain investor over the last 12 months. Node was co-founded by Jun Du, CEO of Cointime.

Total Blockchain Company Investments: 22
Value of Venture Investments in Blockchain: $20 million
Top Blockchain Investments: Trip.io, HuoBi, Delphy Foundation, Fengwo
Exclusively Invests in Blockchain/Digital Assets: Yes
Blockchain Investments, Last 12 Months: 21
Based in: Beijing, China
Website: http://www.nodecap.com

#6 Boost VC
Boost VC crypto fund
Description: Boost VC is an artificial intelligence, blockchain, and crypto accelerator based in San Mateo, California. Boost began its foray into blockchain investments in 2014 with a seed round in Ripio. Since then, they have made more than 30 additional investments in crypto and blockchain including almost a dozen in the last 12 months, making them one of the world’s most active venture capital / accelerators in blockchain.

Total Blockchain Company Investments: 32
Value of Venture Investments in Blockchain: $67 million
Top Blockchain Investments: BlockCypher, Tezos, Ledger, Coinbase
Exclusively Invests in Blockchain/Digital Assets: No
Blockchain Investments, Last 12 Months: 11
Based in: San Mateo, CA
Website: https://www.boost.vc/

#7 IDG Capital
IDG Capital crypto venture and private equity fund logoDescription: IDG Capital is a private equity and venture capital fund based in New York. Like Boost VC, they invest in a variety of companies and not exclusively in blockchain and crypto assets. IDG got its start in blockchain with a Series A investment in Ripple in 2013, though they typically make later stage venture investments. IDG Capital made few other blockchain investments until 2018 when they made investments in Huoxing 24, Circle, imToken, and Mars Finance in just the first five months of the year. In addition to their main New York office, IDG has a satellite office in Bangalore, India.

Total Blockchain Company Investments: 8
Value of Venture Investments in Blockchain: $31 million
Top Blockchain Investments: Ripple, Circle, Mars Finance, imToken
Exclusively Invests in Blockchain/Digital Assets: No
Blockchain Investments, Last 12 Months: 4
Based in: New York, NY
Website: http://en.idgcapital.com

#8 Draper Associates
Draper Associates blockchain venture capital fundDescription: Draper Associates is based in San Mateo, CA and led by legendary venture investor Tim Draper. Draper makes early stage venture investments in a variety of technology, manufacturing, and healthcare companies including blockchain companies and startups.  Their first investment in blockchain came with a 2014 seed investment in Augmate, an IoT and wearables company focused on enterprise.

Total Blockchain Company Investments: 17
Value of Venture Investments in Blockchain: $25 million
Top Blockchain Investments: Coinbase, Ledger, Factom, CryptoMove
Exclusively Invests in Blockchain/Digital Assets: No
Blockchain Investments, Last 12 Months: 6
Based in: San Mateo, CA
Website: http://www.draper.vc

#9 Ceyuan Ventures
Ceyuan Ventures blockchain venture fundDescription: Ceyuan Ventures is an early stage VC based in Beijing, China, with an additional office in Hong Kong. They primarily invest in technology companies and have made a half dozen significant blockchain investments in companies like Basis, Mars Finance and Trip.io. Their first blockchain investment came in 2014, and, after making no new blockchain investments in 2016 and 2017, made four in the first half of 2018.

Total Blockchain Company Investments: 6
Value of Venture Investments in Blockchain: $36 million
Top Blockchain Investments: Basis, Mars Finance, Trip.io, OkCoin
Exclusively Invests in Blockchain/Digital Assets: No
Blockchain Investments, Last 12 Months: 4
Based in: Beijing, China
Website: http://www.ceyuan.com/en/index.html

#10(T) Lightspeed Venture Partners
Lightspeed Venture Partners crypto fundDescription: Lightspeed is a global venture capital firm based in Menlo Park with six additional offices including in Israel, China, and India. They primarily invest in consumer and enterprise sectors and have also made several investments in blockchain companies like Basis and Ripple. They are also made an early investment in BTC China via LIghtspeed China Partners.

Total Blockchain Company Investments: 6
Value of Venture Investments in Blockchain: $24 million
Top Blockchain Investments: Basis, Blockchain Inc., Saga Foundation, BTCC
Exclusively Invests in Blockchain/Digital Assets: No
Blockchain Investments, Last 12 Months: 3
Based in: Menlo Park, CA
Website: http://lsvp.com

#10(T) Techstars
Techstars blockchain venture capital fundDescription: Techstars is a venture capital and technology company accelerator based in Boulder, Colorado. Their entry into blockchain investing came with a seed round investment in Chroma in 2013. Since then, Techstars has made more than three dozen additional, mostly small, investments in blockchain companies.

Total Blockchain Company Investments: 37
Value of Venture Investments in Blockchain: $3 million
Top Blockchain Investments: Filament, Tok.tv, Storj Labs, Chainalysis
Exclusively Invests in Blockchain/Digital Assets: No
Blockchain Investments, Last 12 Months: 17
Based in: Boulder, CO
Website: https://www.techstars.com

#12 RRE Ventures
RRE top crypto venture fundDescription: RRE is a venture capital firm based in New York. They invest in technology, media, and financial services companies. RRE began investing in blockchain with a 2013 seed investment in Paxos followed by seed and angel rounds in Gem the following year. In total, RRE Ventures has made angel, seed, and series A and B investments in a dozen blockchain and crypto companies and startups.

Total Blockchain Company Investments: 12
Value of Venture Investments in Blockchain: $32 million
Top Blockchain Investments: Paxos, Ripple, Abra, Gem
Exclusively Invests in Blockchain/Digital Assets: No
Blockchain Investments, Last 12 Months: 2
Based in: New York, NY
Website: http://www.rre.com/

#13 Union Square Ventures
Union Square Ventures crypto fundDescription: Next on the list of top venture funds investing in blockchain is Union Square Ventures. USV is one that many may have expected to rank a bit higher on our list. Along with Sequoia, they were one of the most prominent venture funds to be involved in early investing in blockchain companies. However, they have not been as active of late as many newer entrants and blockchain-specific funds. USV is based in New York, NY.

Total Blockchain Company Investments: 9
Value of Venture Investments in Blockchain: $28 million
Top Blockchain Investments: Coinbase, CryptoKitties, Polychain Capital
Exclusively Invests in Blockchain/Digital Assets: No
Blockchain Investments, Last 12 Months: 3
Based in: New York, NY
Website: https://www.usv.com/

#14 General Catalyst
General Catalyst crypto venture fundDescription: General Catalyst is a venture capital firm based in Cambridge, MA. They typically make early stage investments in technology companies. They have made series A, B, C, and D investments in Circle, a crypto finance company. In March of 2018 General Catalyst closed a nearly $1.4 billion fund, its largest to date.

Total Blockchain Company Investments: 6
Value of Venture Investments in Blockchain: $28 million
Top Blockchain Investments: Circle, Bitwise, Bluzelle
Exclusively Invests in Blockchain/Digital Assets: No
Blockchain Investments, Last 12 Months: 2
Based in: Cambridge, MA
Website: http://generalcatalyst.com

#15 Liberty City Ventures
Liberty City Ventures crypto fundDescription: Liberty City Ventures is a seed stage venture capital firm based in New York, NY. Founded in 2012, Liberty City made it’s first blockchain investment in late 2013 with seed funding for Paxos. They have participated in multiple funding rounds for both Paxos and Libra. In May, 2018 Liberty City announced its Digital Currency Fund had raised $15 million and would invest exclusively in cryptocurrency startups.

Total Blockchain Company Investments: 5
Value of Venture Investments in Blockchain: $29 million
Top Blockchain Investments: Paxos, Libra
Exclusively Invests in Blockchain/Digital Assets: Yes (via Digital Currency Fund)
Blockchain Investments, Last 12 Months: 2
Based in: New York, NY
Website: https://www.libertycityventures.com/

#16 500 Startups
500 Startups blockchain VC fundDescription: 500 Startups is an early stage VC and incubator fund based in San Francisco, CA. They have invested in well over 1,000 companies. Among their many startup investments are several blockchain companies including Libra Credit Network, BlockCypher, and Hijro. 500 Startups is led by its CEO, Christine Tsai. In early 2018, 500 Startups announced it would team with Houbi Labs to create a blockchain track program to help blockchain entrepreneurs.

Total Blockchain Company Investments: 16
Value of Venture Investments in Blockchain: $5 million
Top Blockchain Investments: Libra Credit Network, BlockCypher, Hijro, Stably Blockchain Lab
Exclusively Invests in Blockchain/Digital Assets: No
Blockchain Investments, Last 12 Months: 4
Based in: San Francisco, CA
Website: https://500.co

#17 DHVC (Danhua Capital)
dhvc blockchain vc fundDescription: Danhua Capital (DHVC) is a venture capital firm based in Palo Alto, CA. DHVC primarily makes early stage investments in technology companies including almost two dozen investments in blockchain startups. DHVC has really picked up the pace of their blockchain investments this year. In just the first six months of 2018 they have made 15 seed and venture investments in blockchain companies like Hash World, Mainframe, and CertiK.

Total Blockchain Company Investments: 21
Value of Venture Investments in Blockchain: $20 million
Top Blockchain Investments: Libra Credit Network, Hedera Hashgraph, Origin Protocol
Exclusively Invests in Blockchain/Digital Assets: No
Blockchain Investments, Last 12 Months: 19
Based in: Palo Alto, CA
Website: http://www.danhuacap.com/

#18 Kindred Ventures
Kindred Ventures top blockchain venture capital fundDescription: Kindred Ventures is an angel/VC fund based in San Francisco and San Diego, CA.  They invest in early stage companies including at least a half dozen blockchain companies. Kindred was founded by Steve Jang in 2014.

Total Blockchain Company Investments: 6
Value of Venture Investments in Blockchain: $15 million
Top Blockchain Investments: Radar Relay, TruStory, dYdX, Rare Bits
Exclusively Invests in Blockchain/Digital Assets: No
Blockchain Investments, Last 12 Months: 5
Based in: San Diego, CA
Website: https://kindredvc.com

#19 Sequoia Capital
Sequoia Capital crypto venture fundDescription: Some might be surprised to see Sequoia so far down the list of the top venture capital firms investing in blockchain. For one, Sequoia is one of California’s best know venture firms. They have also been in the news regarding blockchain with a high profile lawsuit against crypto exchange Binance. Sequoia has also been involved in some high profile deals, but not as many as some of the top players on our list.

Total Blockchain Company Investments: 8
Value of Venture Investments in Blockchain: $12 million
Top Blockchain Investments: Guanguan Coin, String Labs, Binance
Exclusively Invests in Blockchain/Digital Assets: No
Blockchain Investments, Last 12 Months: 5
Based in: Menlo Park, CA
Website: www.sequoiacap.com

#20(T) Future Perfect Ventures
Future Perfect Ventures vc crypto fundDescription: Future Perfect Ventures (FPV) is an early stage venture capital firm based in New York, NY. FPV’s portfolio mostly consists of blockchain and crypto companies like Abra, BitPesa, Harbor, Blockchain Inc. and others. FPV was founded by Jalak Jobanputra.

Total Blockchain Company Investments: 11
Value of Venture Investments in Blockchain: $15 million
Top Blockchain Investments: Blockstream, Blockchain Inc., Harbor, Abra
Exclusively Invests in Blockchain/Digital Assets: No, but mostly

To see the list of all top 50 firms, visit the link below.

Source: https://cryptofundresearch.com/top-50-venture-capital-firms-investing-blockchain-companies/