- The second most active investor is United Overseas Bank.
- Alphabet, Google’s parent firm, participated in investment rounds totaling $1.51B.
Blockdata, a research organization, analyzed the investments made by major firms in blockchain and cryptocurrency startups between September 2021 and mid-June 2022, and found that South Korean electronics giant Samsung was the most active, having invested in 13 companies during that time period. The second most active investor is United Overseas Bank, with 7 separate firms, followed by the two American financial powerhouses, Citigroup (6) and Goldman Sachs (5). Despite the market volatility, these firms have shown immense faith.
Whopping $6 Billion
Based on the data, it is clear that Samsung, United Overseas Bank, Citigroup, and Goldman Sachs sponsored over half (31) of the total number (65) of crypto or blockchain businesses that obtained financing from the 40 biggest firms during the time period under examination.
Blockdata’s research provides an estimate of the total amount spent by companies even while data on the precise amounts invested by each firm is missing.
Blockdata’s research report reads:
“The 40 companies invested approximately $6 billion into blockchain startups between September 2021 and June 2022. Because some rounds involve participation from multiple investors, it is unclear how much each company invested in a project.”
Meanwhile, Alphabet, Google’s parent firm, participated in investment rounds totaling about $1.51 billion, making it the most active business in this regard. The second position goes to Blackrock, which has taken part in three investment rounds totaling $1.17 billion.
After participating in two rounds and raising $1.1 billion, American financial services firm Morgan Stanley moves up to the third position, while Samsung drops to fourth with $979 million.
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