At the moment enterprise capital fund LeadBlock Companions printed its enterprise blockchain report primarily based on a survey of 250 startups it has interacted with. One of many findings was that funding necessities within the subsequent 18 months have accelerated by nearly two and a half instances, with half of the businesses anticipating to boost greater than €3.9 million ($4.4m) in comparison with €1.6 million ($1.8m) in its survey 18 months in the past.
Up to now, these startups have raised a median of €1.73 million ($1.94m), up from €1.4 million ($1.57m) within the 2020 survey.
Common startup revenues are considerably increased in comparison with final yr, by an element of three and a half. And double the variety of startups mentioned they’d incomes above €1 million ($1.12m). LeadBlock clarified that it didn’t embody digital belongings startups in these figures. For instance, crypto lender BlockFi is now within the LeadBlock portfolio and wasn’t final yr. It has fairly important revenues, so that will have distorted figures.
In accordance with the LeadBlock survey, a serious problem is a scarcity of blockchain understanding amongst buyers. And surprisingly, the state of affairs has deteriorated since final yr. Requested if buyers are educated about blockchain know-how, 58% disagreed, up from 49% final time, with one other 24% on the fence. Sixty % of buyers don’t differentiate between blockchain know-how and cryptocurrencies.
On the subject of know-how, 30% of startups are contemplating switching blockchain protocols, and of these, half plan to discover challengers Algorand, Quorum, Tezos and Stellar.
The large three blockchains stay Ethereum, Corda and Hyperledger protocols, though Corda overtook Hyperledger in comparison with final yr. Whereas Ethereum is forward at 28%, the determine is perhaps understated as Hyperledger protocol Besu relies on Ethereum, as is enterprise blockchain Quorum.