New information from Blockdata shows that Google’s parent company, Alphabet, tops the table for public company investment in the blockchain sector between September 2021 and June 2022.
The report estimates the company’s spend at a level of $1,506M in four funding rounds during this time, when a total of 40 companies invested approximately $6B into blockchain startups. The next three biggest investors are Blackrock ($1,171M in three rounds), Morgan Stanley ($1,10M in two rounds), and Samsung ($979M in 13 rounds).
With those 13 investment rounds, Samsung leads the way as the most active for the period. UOB came in next with seven investments, followed by Citigroup with six. This information was derived from CB Insights funding data.
A total of 61 blockchain/crypto companies received investments across 71 investment rounds. These companies span more than 20 industries, with Blockdata finding the most popular use case being NFTs – particularly related to gaming, arts and entertainment. Other leading investment areas include infrastructure and development platforms.
You can download the full report here.
Lead photo by Jeremy Bezanger on Unsplash.
