Skip to comments.Investors Are Plowing Into European Bitcoin Firms Faster Than Any Other Region In The World
Posted on 07/10/2014 3:49:43 PM PDT by PoloSec
Europe is now the fastest-growing region for venture capital investment in Bitcoin, according to CoinDesk.
In its quarterly State of Bitcoin report, released Thursday, CoinDesk shows Bitcoin VC funding in Europe nearly doubled in Q2, to $30.9 million from $15.6 million in Q1. Investment in North America climbed 21% to $186.3 million. Asian funding fell 18% to $20.8 million.
Within Europe, Netherlands-based Bitfury, a mining hardware developer, captured the greatest share, raising $20 million. That funding round alone made the Netherlands the second-largest recipient of VC funds in the world.
We recently showed that European countries hold the top-5 positions for downloads per capita of Bitcoin's core protocol. We got further evidence of the surge in Europe today, as Barry Silbert's Bitcoin Opportunity Corp. venture capital fund announced a $250,000 investment in Stockholm-based Bitcoin service provider Safello.
"In a very short period of time, the Safello team has created a leading European platform for buying, storing and selling bitcoin," Silbert said in a statement. "Their user and transaction growth is accelerating and Im thrilled to join a group of fantastic investors to help support Safellos rapid growth and ambitious product plans."
Silbert said the opportunity in Europe is strong, though is still unlikely to match America's anytime soon.
(Excerpt) Read more at businessinsider.com ...