Digital Currency Group

Founded 2011
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 190
Average round size
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The average size of a deal this fund participated in
$11M
Portfolio companies 147
Rounds per year 19.00
Lead investments 15
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.22
Exits 19
Key employees 12
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Blockchain
  • FinTech
  • Bitcoin
  • Financial Services
  • 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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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Staking Rewards

Blockchain
Cryptocurrency
FinTech
$3M23 Nov 2021 Sankt Gallen, Sankt Gallen, Switzerland

C3 Protocol

Financial Services
$3M22 Nov 2021 Singapore, Central Region, Singapore

Blockchain Association

Blockchain
Cryptocurrency
$4M18 Nov 2021 Washington, District of Columbia, United States

Nym Technologies

Blockchain
Information Technology
Messaging
Privacy
Security
$13M17 Nov 2021 Neuchâtel, Switzerland

SubQuery

Blockchain
Cloud Data Services
Software
$9M08 Sep 2021 Auckland, Auckland, New Zealand

Ondo Finance

Financial Services
Trading Platform
$4M17 Aug 2021 New York, New York, United States

Livepeer

Communities
Information Technology
Software
Video
Video Streaming
$20M29 Jul 2021 New York, New York, United States

Magic

Apps
Cyber Security
Developer Tools
Identity Management
Information Technology
Mobile Apps
Security
$27M22 Jul 2021 San Francisco, California, United States

Coinme

Bitcoin
Blockchain
Cryptocurrency
Finance
Financial Services
FinTech
Virtual Currency
$10M16 Jun 2021 Seattle, Washington, United States
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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