Blockchain News: Blockchain Tops $4.5 Billion In Private Funding This Year, But Deal Growth Stalls

Billions of funding dollars have poured into blockchain companies this year, and token sales in 2017 alone have amassed about $2 billion, already crushing last year’s token-sale total of $256 million.

But amid the seemingly undying hype of initial coin offerings, private investments into blockchain companies have risen to a new high as well -- topping $4.5 billion so far this year, according to a research note released Friday morning by PitchBook.

The latest tally includes an anomalous boost of $3.6 billion from the second-quarter acquisition of DH Corporation, a Canadian fintech company that integrated blockchain technology into its global payments services in 2016. Austin-based Vista Equity Partners closed the lofty transaction in June and merged one of its existing subsidiaries with D+H to create Finastra, now one of the largest fintech firms in the world.

This monster transaction aside, PitchBook’s report reveals that equity-backed blockchain deals are actually less frequent this year despite modest gains in total funding dollars. The remaining 152 blockchain transactions in 2017 have totaled about $965 million. To compare, the same period in 2016 saw 203 transactions that raised $624 million.

Full story at http://bit.ly/2ymqHEv

Source: Forbes

 

 

 

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