Digital Currency Group(DCG)

Type

Venture Capital

Status

Active

Location

Stamford, United States

Total investments

311

Average round size

17M

Portfolio companies

221

Rounds per year

23.92

Lead investments

20

Follow on index

0.28

Exits

25

Stages of investment
SeedEarly Stage VentureLate Stage Venture
Areas of investment
InternetSoftwareFinancial ServicesFinTechInformation TechnologyPaymentsFinanceBitcoinCryptocurrencyBlockchain

Summary

Digital Currency Group appeared to be the VC, which was created in 2015. The fund was located in North America if to be more exact in United States. The main office of represented VC is situated in the New York.

The high activity for fund was in 2016. The higher amount of exits for fund were in 2019. The usual things for fund are deals in the range of 5 - 10 millions dollars. Considering the real fund results, this VC is 10 percentage points less often commits exit comparing to other organizations. This Digital Currency Group works on 23 percentage points less the average amount of lead investments comparing to the other organizations. The typical startup value when the investment from Digital Currency Group is 500 millions - 1 billion dollars. The fund is constantly included in 13-24 deals per year.

The typical case for the fund is to invest in rounds with 5-6 participants. Despite the Digital Currency Group, startups are often financed by Boost VC, Union Square Ventures, FundersClub. The meaningful sponsors for the fund in investment in the same round are SV Angel, RRE Ventures, Future Perfect Ventures. In the next rounds fund is usually obtained by Digital Finance Group, Union Square Ventures, Boost VC.

Besides, a startup needs to be aged 2-3 years to get the investment from the fund. Among the most popular fund investment industries, there are Finance, Cryptocurrency. The fund has no specific favorite in a number of founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the various public portfolio startups of the fund, we may underline Coinbase, Kraken Bitcoin Exchange, Circle Internet Financial

The current fund was established by Barry Silbert. We also calculated 8 valuable employees in our database.

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Investor highlights

Industry focus
Blockchain/Crypto/Web3
Stage focus
GeneralistPre-SeedSeedSeries ASeries B Show 2 more
Geo focus
Generalist

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Investments analytics

Last fund

Fund size
USD 600000000
Fund raised date
2021-11-18

Analytics

Total investments
311
Lead investments
20
Exits
25
Rounds per year
23.92
Follow on index
0.28
Investments by industry
  • Blockchain (149)
  • FinTech (109)
  • Cryptocurrency (104)
  • Financial Services (100)
  • Bitcoin (94)
  • Show 144 more
Investments by region
  • United States (185)
  • United Kingdom (24)
  • France (7)
  • Gibraltar (2)
  • Israel (4)
  • Show 26 more
Peak activity year
2021
Number of Unicorns
15
Number of Decacorns
15
Number of Minotaurs
6

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Quantitative data

Avg. startup age at the time of investment
7
Avg. valuation at time of investment
326M
Group Appearance index
0.86
Avg. company exit year
4
Avg. multiplicator
2.35
Strategy success index
1.00

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
Polymer Labs 23 Jan 2024 Cryptocurrency, Blockchain Early Stage Venture 23M United States, California, Venice
Rainbow 01 May 2020 Asset Management, Finance, Mobile Apps Seed United States, New York, New York

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How we get our data

At Unicorn Nest, we combine cutting-edge technology with human expertise to build one of the most reliable venture capital databases in the market. Our process begins with automated AI-enhanced data collection, leveraging the full potential of Large Language Models (LLMs).

Later, our team of analysts takes it further with manual verification, using proprietary tools for data cleaning and validation to ensure accuracy and reliability. We cross-check and enhance our findings through press and media monitoring, integrating information from trusted news outlets and venture capital aggregators. Finally, we stay ahead of the curve by monitoring social networks like LinkedIn and X.com.