Despite the ICO craze of 2017, cryptocurrency startups are still landing venture capital funding. Per the PitchBook Platform, VC interest in the sector is increasing: 2017 has, unsurprisingly, brought a record amount of venture capital—more than $1 billion—to startups in the sector.
In the last two years, 179 investors have participated in at least one VC deal for a crypto startup, according to PitchBook data. In the last week alone, Bitwise raised $4 million from Khosla Ventures, General Catalyst and others for its cryptocurrency index fund. BitGo, which helps businesses integrate cryptocurrencies into their financial systems, secured a $42.5 million Series B led by Valor Equity Partners. And bitcoin payments provider BitPay raised a $30 million Series B led by Aquiline Technology Growth.
