CV VC, in collaboration with PwC Strategy Switzerland and the technology company Inacta, presented the first report on the blockchain companies of the famous Swiss “Crypto valley”, an area in which, thanks to legislation favourable to crypto, many of the key companies of the sector have decided to concentrate.
At the end of September 2018, the CV VC directory contained the names of as many as 600 crypto startups connected to the blockchain directly, indirectly or at a consulting level, with a total of over 3000 people working in a crypto-related activity.
Among these companies, CV VC has identified the 50 best companies that, alone, capitalize over 44 billion dollars. Of these companies, 5 can be considered real unicorns, i.e. companies valued at over one billion US dollars.
The criteria for accessing the top 50 are linked to objective parameters of capitalization and company size:
- Size of the initial funding, over 10 million dollars both direct and through ICO;
- Value of the current valuation on the basis of subsequent funding rounds or valuations of estimates above 10 million dollars;
- The number of employees currently employed, more than 10.
Subsequently, the companies were divided into 3 macro areas: blockchain in the strict sense and related services, blockchain applied to financial services and blockchain serving other industrial sectors.
In turn, we have had a subdivision into homogeneous sub-areas, as you can analyze from the classification listed in the figure below:
We have thus identified the leaders of each sector. For example, in mining we have Bitmain, in financial services and wallets we find Eidoo and ICOengine; for asset management there is Maecenas; for medical applications Medicalchain and so on.
As a result, the top Swiss crypto startups have been classified in a homogeneous and orderly manner, each in its own operating sector.
Of these, 5 unicorns were chosen: Bitmain, Cardano, Dfinity, Ethereum and Xapo.