ICOs responsible for at least 3.5x more funding for blockchain startups than VCs

The financial world is changing, and that’s made all too clear with the news that, over the course of 2017 and 2018 so far, ICOs provided at least 3.5x more capital to blockchain startups than traditional VCs.

Data from Crunchbase shows that, despite the number of ICOs (32 per cent) being significantly smaller than the number of VC rounds (68 per cent), the amount of capital from the former now outstrips the latter.

Between the start of 2017 and 2018 YTD, of the capital raised for blockchain and related startups, ICOs are responsible for 78 per cent. VCs, meanwhile, hold 22 per cent.

The largest ICOs include Filecoin ($257 million), Tezos ($232 million) and Bancor ($152.3 million).