3 May 2018 – Initial coin offerings (ICOs) were used to raise $4bn for blockchain companies in 2017 – five times more than traditional VC funding and 47 times greater than the $85m raised through ICOs in 2016 – according to research released today by GP Bullhound.
GP Bullhound’s report, Token Frenzy: the fuel of the blockchain, analyses the investment and industry trends shaping the future of blockchain and cryptocurrencies, alongside views from experts in the field, including Joseph Lubin, co-founder of Ethereum and founder of ConsenSys, Prof. Emin Gün Sirer blockchain researcher and Professor at Cornell University, and Peter Czaban, founder of Polkadot.
Sebastian Markowsky, Director at GP Bullhound, commented: “The past year has seen a surge in popularity for blockchain technologies. At GP Bullhound, we believe the underlying technology fueling this surge has the potential to redefine almost every aspect of our everyday lives, to reshape global business practices and even to transform national political systems.”
The full report, Token Frenzy: the fuel of the blockchain, is available for download here.
For enquiries please contact Sebastian Markowsky at [email protected]
About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound