Today venture capital fund LeadBlock Partners published its enterprise blockchain report based on a survey of 250 startups it has interacted with. One of the findings was that funding requirements in the next 18 months have accelerated by almost two and a half times, with half of the companies expecting to raise more than €3.9 million ($4.4m) compared to €1.6 million ($1.8m) in its survey 18 months ago.
To date, these startups have raised a median of €1.73 million ($1.94m), up from €1.4 million ($1.57m) in the 2020 survey.
Average startup revenues are significantly higher compared to last year, by a factor of three and a half. And double the number of startups said they had incomes above €1 million ($1.12m). LeadBlock clarified that it didn’t include digital assets startups in those figures. For example, crypto lender BlockFi is now in the LeadBlock portfolio and wasn’t last year. It has pretty significant revenues, so that would have distorted figures.
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