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Digital Currency Group

Investor type Venture Capital
Founders Barry Silbert

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 274
Average round size
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The average size of a deal this fund participated in
$17M
Portfolio companies 202
Rounds per year 24.91
Lead investments 17
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.25
Exits 25
Key employees 12
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Blockchain
  • FinTech
  • Financial Services
  • Bitcoin
  • Cryptocurrency
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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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Digital Currency Group:
Typical Co-investors
Digital Currency Group is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Digital Currency Group:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
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Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Anode Labs

Energy
Energy Management
$4M18 Nov 2022 -

React Network

Blockchain
Energy
Software
$4M17 Nov 2022 Austin, Texas, United States

Genesis

Bitcoin
Blockchain
Financial Services
FinTech
$140M11 Nov 2022 New York, New York, United States

Fordefi

Blockchain
Cryptocurrency
Financial Services
Software
$18M08 Nov 2022 New York, New York, United States

Volare Finance

Blockchain
Financial Services
FinTech
18 Oct 2022 New York, New York, United States

Smash

FinTech
$5M10 Oct 2022 New York, New York, United States

Halborn

Blockchain
Cyber Security
Network Security
Penetration Testing
$90M19 Jul 2022 Miami, Florida, United States

Gnosis

Blockchain
Ethereum
Prediction Markets
$100M14 Jul 2022 Gibraltar, Gibraltar

Gnosis

Cryptocurrency
Financial Exchanges
Internet of Things
$100M12 Jul 2022 Gibraltar, Gibraltar
News
Ondo Finance Raises $4M in Funding

– Ondo Finance is a New York-based deFi protocol startup.
– The company has raised $4m in funding.
– The round was led by Pantera Capital with participation from Genesis, Digital Currency Group, CMS, CoinFund, Chapter One, Bixin, Divergence, Protoscale Capital, The LAO, Stani Kulechov, Josh Hannah, Richard Ma, Diogo Monica, and Christy Choi.
– The funds will be used to accelerate the adoption of DeFi among mainstream investors by enabling the granular exchange of risk.

Alternative investing hub Vincent closes $6 million raise

– Vincent, an alternative asset aggregation hub, raised $6m in Series A funding.
– The round was led by LAUNCH with additional investment from 8VC and Digital Currency Group, among others.
– The platform has 75 partner platforms integrated with the site.

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