CB Insights today named FalconX to its second annual Blockchain 50, which showcases the 50 most promising blockchain and crypto companies in the world.
The 2022 Blockchain 50 cohort has raised $17.1B in aggregate funding across over 200 deals since 2016 and includes startups at different investment stages of development, from early-stage companies to well-funded unicorns.
"2021 was the year blockchain entered our mainstream vocabulary,” said Brian Lee, SVP of CB Insights’ Intelligence Unit. "It powers some of our most innovative and cutting-edge technologies. Last year, we saw incredible success from the Blockchain 50 winners. This year, included among the winners we have 31 unicorns, 41 mega-rounds, and representation from 15 countries. We're excited to follow their journeys and see their success in 2022."
Through an evidence-based approach, the CB Insights research team selected the Blockchain 50 from a pool of over 3,000 companies, including applicants and nominees. They were chosen based on several factors, including data submitted by the companies, company business models and momentum in the market, and Mosaic scores, CB Insights’ proprietary algorithm that measures the overall health and growth potential of private companies.
FalconX is one of the fastest-growing companies in the world and the most sophisticated digital asset platform built specifically for institutions. As a fully comprehensive solution, FalconX allows financial institutions to access and manage all of their crypto strategies through a single interface and seamless workflows - making it easy to access trading, credit, and clearing all in one place. FalconX’s crypto-as-a-service offering powers leading banks, FinTech institutions, and investment applications to easily add crypto to their product offerings – enabling millions of their customers to access digital assets. The company is backed by leading investors including Accel, Altimeter Capital, American Express Ventures, Coinbase Ventures, Lightspeed Venture Partners, and Tiger Global Management.
2022 Blockchain 50 Investment Highlights:
- Unicorns: 31 of the 50 companies (62%) are valued at or above $1B as of their latest funding round.
- Funding trends: These 50 companies raised $13.2B in equity funding in 2021 across 83 deals (excluding token sales).
- Mega-rounds: In 2021, there were 41 mega-round ($100M+) equity investments to this year’s Blockchain 50, nearly half of the total deal count.
- Global representation: This year’s winners are based in 15 countries, with 44% of the companies based outside of the US. After the US (28 companies), the UK is home to the second most Blockchain 50 companies (5), followed by Canada, France, Singapore, and Switzerland (all at 2).
Top investor: Coinbase Ventures is the most active investor in this year’s Blockchain 50, having invested in 16 of the 50 companies. Andreessen Horowitz is second with 14 companies, followed by Paradigm at 13.