Crypto Deals Dominate VC: Bitcoin Price Doesn’t Tell the Whole Story

January 26, 2019

 

While the world’s attention remains affixed to how Bitcoin price would fare in 2019, venture capitalists are already exploring opportunities beyond the digital currency.

It becomes evident with January 23, 2019, a day which saw leading investors putting a combined total of $39 million across three blockchain startups. Nasdaq Ventures, for instance, led a Series B funding round to raise $20 million for Symbiont, a blockchain platform which caters to financial institutions. Andreessen Horowitz, at the same time, backed Anchorage, a San Francisco-based crypto custodian service, to raise $17 million in Series A. Meanwhile, AMINO Capital arranged a seed fund of $2 million to support AnChain.ai, a California-based blockchain security company.

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