Blockchain Enterprise Unicorns mark all-time high at 103
Blockchain Coinvestors’ Global Blockchain Unicorns Report Reveals Opportunities for Disciplined Early Venture Investors
- While the public liquid crypto crisis gets the most attention, value creation in blockchain-based businesses continues at a rapid pace
- 12 new blockchain unicorns appear in the second half bringing the total to 103 even with those falling below 1 billion dollars due to the fallout from Three Arrows, FTX
- Conversely, unicorns fall on the public market with only 45 public crypto symbolic projects worth >1 billion dollars
SAN FRANCISCO, 6 December 2022 /PRNewswire/ — Blockchain Coinvestors, a leading early and mid-stage blockchain venture fund and direct investment platform with a combined portfolio of over 400 blockchain and crypto projects including about 55% of all blockchain unicorns today announced their semi-annual Meet the Blockchain Unicorns report that includes the most comprehensive list of blockchain unicorns globally – including private blockchain companies and crypto projects whose values exceed 1 billion dollars.
At the end of 2022, there are 103 companies and 45 crypto token project unicorns, and a total of 23 listed blockchain companies. North America leads the way with 7 newly minted unicorns, with three new unicorns also appearing in Europe and a piece in Middle East and Asia.
“Early-stage venture capital has been the highest-returning asset class over the past 25 years, and blockchain is one of the best performing sectors within it,” said Matthew C. Le Merle, Blockchain Coinvestors co-founder and managing partner. “Our investment mission is that all money, raw materials and assets will eventually be made digital, and this will require all financial infrastructure to be upgraded.”
Blockchain Coinvestors uses proprietary data sources and its own database of the combined portfolio resulting from the first three blockchain venture funds (including its first, ranked in the top decile for performance according to PitchBook) to track new unicorns. For crypto project values, Blockchain Coinvestors trust CoinStats for their data.
“Unlike most asset classes, venture capital outperforms in the years following a downturn or recession, as lower valuations allow the best investors to be more selective and invest in a healthier environment. Despite the recent decline in public liquid tokens, the tailwind continues for blockchain to grow and we believe it is an opportune time to accumulate dry powder to selectively invest in the best early and mid-stage blockchain opportunities,” said Alison Davischairman of Blockchain Coinvestors.
Blockchain Coinvestors presented the full results of their year-end findings during their “Meet the Blockchain Unicorns” webinars held at December 5th.
About Blockchain Coinvestors Launched in 2014, our vision is that digital money, commodities and assets are inevitable, and all the world’s financial infrastructure must be upgraded. Our mission is to provide the broadest coverage of emerging unicorns and fastest growing blockchain companies and crypto projects. Our investment strategy is now in its 9th year and to date has invested in more than 40 pure-play blockchain venture funds in America, Asiaand Europe; and in a combined portfolio of 400+ blockchain and crypto projects including about 55% of all blockchain unicorns. Our funds rank in the top decile among all funds in their respective categories on both Pitchbook and Preqin. With headquarters in San Francisco with presence in Grand Cayman, London, New YorkZug and Zurichthe alternative investment management firm was co-founded by Alison Davis and Matthew Le Merle. Visit us at www.blockchaincoinvestors.com
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SOURCE Blockchain Co-Investors
