Keep reading for FREE
While crypto—like many sectors currently awash in venture capital money—may eventually see a slowdown, the investment and general economic interest in the space shows it is now an accepted financial tool, added Tusk.
According to Crunchbase data, 18 unicorns—companies with a valuation of $1 billion or more—have been newly minted this calendar year. That’s about two-thirds of the total amount of unicorns in the crypto space in total.
As venture capital firms continue to flood the crypto and digital asset space with more money, a stampede of unicorns is emerging unlike anything the space has ever witnessed.
TaxBit recently became a unicorn in the crypto space when it closed a $130 million Series B earlier this month. The company has raised $230 million this year alone.
TaxBit’s Series B serves as a good example of another trend the crypto industry is seeing: Big growth and institutional investors exploring the digital asset space and dedicating whole teams to look for investment opportunities.
Large firms such as Tiger Global , Insight Partners ,Coatue ,Sequoia Capital and others all have made significant investments in the space, pouring more money into funding rounds and helping raise valuations.
There is no hot trend, rather, it is the maturation of the industry and everything that goes along with that evolution that is making companies like Bitpanda , Ledger and BlockFi hit the magical unicorn mark.
One of the main aspects of that maturation is the buildup of the ecosystem around crypto, which is now starting to create its own $1 billion-plus companies. While exchanges like Coinbase and San Francisco-based Kraken may come to mind first when thinking about buying and selling crypto, multiple layers are being built out in the industry to help people manage, report and secure assets.
MORE LIKE THIS
Ready for the next level?
Read Like a Pro
Explore the World’s
Take Your Ideas
Just press play and we take care of the words.
No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.
2 Million Stashers
Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.
Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.
This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!
Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.
Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.
Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.
I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!
Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.
Read & Learn
Access to 200,000+ ideas
Access to the mobile app
Unlimited idea saving & library
Unlimited listening to ideas
Downloading & offline access
Claim Your Limited Offer
Get Deepstash Pro
75% OFF | 1-Year Pro Subscription