NEW YORK (InsideBitcoins) — With the recent venture funding announcement from secretive bitcoin startup 21 Inc., the bitcoin industry is now on pace to eclipse the $1 billion mark for 2015. This would be a massive improvement over the final numbers from 2014, and each passing year has shown exceptional growth in funding for bitcoin companies since 2012. In addition to the $116 million raised by 21, Coinbase also announced a funding round of $75 million in January, which included investments from the New York Stock Exchange, BBVA, USAA Bank, and many other respected institutions in the financial industry.
21 breaks Coinbase’s record
21’s $116 million in venture capital funding is the most ever by a company in the digital currency space, and it breaks a record set by Coinbase earlier this year. There is a steep drop off in funding totals when compared the rest of the rounds that have been in announced in 2015, although KnCMiner was able to raise $15 million for their mining-centric business model. Although 21 has been able to raise a remarkable amount of money for their upcoming commercial operations, the exact nature of their business is still unknown to the general public at this point in time.
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