EU Science Hub

A global ecosystem is on the rise from start-ups to capital investment

The rise of blockchain technology shows in the sharp growth in blockchain start-ups and by the volume of their funding.

Massive funding started in 2014 and increased from €450 million to €3.9 billion in 2017 and over €7.4 billion in 2018.

Initial coin offerings (ICOs) have been driving funding to blockchain start-up ecosystem, but increasing inflows of venture capital mean a growing business maturity.

Image: Investments in blockchain start-ups across funding instruments (2009-2018)
Investments in blockchain start-ups across funding instruments (2009-2018)

©European Union, 2019

In 2017 the USA and China were leading in new blockchain start-ups, but in the following year the numbers shrank globally except for China.

Image Trends in total blockchain start-ups across main world players
Trends in total blockchain start-ups across main world players

©European Union, 2019

The UK has a key role in Europe. The country has the highest number of blockchain start-ups (almost half of them) and it attracts about 70 % of EU investments.

Numbers and shares of blockchain start-ups across EU Member States (2009–2018)
Numbers and shares of blockchain start-ups across EU Member States (2009–2018)

©European Union, 2019

Funding shares and amounts (EUR million) received by blockchain start-ups across EU Member States (2009–2018)
Funding shares and amounts (EUR million) received by blockchain start-ups across EU Member States (2009–2018)

©European Union, 2019

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Blockchain Now And Tomorrow - Assessing Multidimensional Impacts of Distributed Ledger Technologies