QUICK TAKE
- 28 new blockchain enterprise unicorns with substantial value accretion
- Fewer public crypto projects with market caps over $1 billion as public markets fall
The ongoing crypto winter is definitely very discouraging for retail investors. However, opportunities for disciplined early and mid stage venture investors remain intact while liquid public crypto markets remain volatile, according to the latest Blockchain Coinvestors’ Global Blockchain Unicorns Report.
Blockchain Coinvestors has published its bi-annual Meet the Blockchain Unicorns report which includes the most comprehensive list of blockchain unicorns globally – including private blockchain enterprises and crypto projects whose valuations exceed $1 billion.
Blockchain Coinvestors is a leading blockchain early and mid stage venture fund of funds and direct investment platform with a combined portfolio of 400+ blockchain and crypto projects including approximately 60% of all blockchain unicorns
According to the report, there are 93 enterprise and 50 crypto project unicorns with 26 public blockchain companies.
Matthew C. Le Merle, Blockchain Coinvestors co-founder and Managing Partner, said:
“Early stage venture capital has been the highest returning asset class over the last 25 years and blockchain appears to be the highest performing sector within it as witnessed by the large number of new blockchain unicorns, bringing the current total to 93.”
North America is leading the charge with 23 newly minted enterprise unicorns with four new unicorns emerging in Australasia, and one in Europe.
The report finds that private blockchain enterprises have seen enormous value creation in the first half of 2022.
Impacted by the present crypto crisis, public liquid crypto projects have seen more than half of the tokens trading above $1 billion at YE 2021 now below $1 billion in market cap.
Alison Davis, Chairman and Managing Partner of Blockchain Coinvestors, said:
“Unlike most asset classes, venture capital outperforms in the years following a downturn or recession, driven by lower valuations for investors. We believe it is an opportune time to gather dry powder for selectively investing into the best early and mid stage blockchain opportunities alongside the best blockchain investors.”
Data Source: To track emerging unicorns, Blockchain Coinvestors said that it uses proprietary data sources and its own database of its combined portfolio resulting from its first three blockchain venture fund of funds (including their first fund of funds, ranked in the top decile for performance according to PitchBook). For the crypto project valuations, Blockchain Coinvestors relies upon CoinStats data.
Blockchain Coinvestors will present the full results of its midyear findings during the upcoming “Meet the Blockchain Unicorns” webinars on July 12, 2022 at 7:00am and 12:00pm PT.
Read Also: Blockchain Venture Capital Investment Declines By Over 78 Percent In May 2022