The American company Digital Currency Group (DCG), which specializes in blockchains and cryptocurrencies, has made almost 130 investments in the industry today, according to a statement published April 1 in a blog.
Summing up its activities since 2016, DCG, led by renowned cryptocurrency attorney Barry Silbert, has invested in 127 startups, with most of the funds coming in as initial rounds.
Although not exhaustive, the company suggested that this data was useful for comparing the blockchain and cryptocurrency market in 2016 and at the end of 2018.
“Startups of all kinds are collecting more and more money in the initial rounds, and this is true for American blockchain companies,” the blog entry summarizes. The report notes that the average seed size in the US, to which the company joined, grew by 67 percent from 2016 to 2018 from 1.94 million to 3.24 million dollars.
Over the past three years, startups cryptoindustry had to go through highly volatile markets. Due to disappointing conditions, in 2016, in 2017, there was insanity in the consumer market after the initial supply of coins appeared, while last year it became known for its bearish pullback.
“In 2017 – which was a period of insane foaming in the public token markets – valuations increased dramatically. The average initial estimate jumped from $ 10.68 million in 2016 to $ 15.51 million in 2017 (+ 45%), ”said DCG.
And also added:
“But that all changed in 2018. While last year was a bloodbath for publicly traded tokens, estimates in private rounds of the seed stage, which we joined, decreased slightly, averaging 12.93 million dollars (-17%). ”
DCG did not mention its current status and plans for the coming year amid signs of optimism, however, it is generally returning to the markets.
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