Most ICO Funding Going to European Startups

European

Woo Hoo, Woo Hoo! We’re NUMBER 2. That’s the cry from here in the US (actually North America…..yeah, Canada counts too) as far as ICO funding goes. A touch more that 40% of all initial coin offerings (ICO) come from the EU. That means $1.76B from 446 transactions equaled just a touch under 50% of ALL worldwide token sales. North America came in at a distant $1.07B. Looks like the EU is becoming the global leader in the newest capital raising sector. Take note US, Rome was pretty hot at one time too.
(Bill Taylor/CEO)


“Startups in Europe raised more capital through initial coin offerings (ICOs) in the last three years than any other region on the planet, according to a study released Thursday.

More than a third of all ICOs – 40% – are based in the European Union (EU), according to the analysis by venture capital firm Atomico. These 446 transactions raised $1.76 billion, nearly half (46%) of the worldwide total from token sales. The second biggest region for this activity was North America, with 244 campaigns raising $1.076 billion.

The report, entitled “The State of European Tech,” cited data collected by Token Data, a startup that tracks ICOs, as well as Atomico’s own survey of investors and startup founders.

What’s more, the EU might become the global leader in cryptocurrency and blockchain development over the next five years, according to the report. An increasing number of startups on the continent focus exclusively on blockchain development, accounting for a much higher share of companies founded in 2016 than in 2012.

Sprawling teams

Notably, the report found that roughly 25% of ICOs had some sort of decentralized team, where the company launching a campaign was headquartered in a different location than the founder or chief executive.

Ricky Tan of Token Data said he expects this figure to increase in the coming years…”


Full Story at CoinDesk posted November 30, 2017 by Nikhilesh De
“Almost Half of ICO Funding Goes to Europe, Report Finds”