Boost VC has invested $52 million in 52 Bitcoin and blockchain companies

Boost VC, the San Bernardino, California-based incubator, has released its latest investment numbers, bringing its total investments in bitcoin and blockchain companies to $52 million, according to figures Boost provided to CoinDesk.

This week, Boost VC CEO Adam Draper wrote in a Medium post that Boost has invested in 52 bitcoin and blockchain startups since its founding in 2012. In addition, the company had pledged to invest in 100 bitcoin industry startups by 2017.

The following is the latest investment data released by Boost VC:

Total number of companies invested: 115, involving 6 tribes (companies engaged in the same activities)

Total amount invested: $86 million (only tribes 1-5, 93 companies in total)

Total valuation of all Boost VC companies: $390 million (only tribes 1-5)

Number of Bitcoin and blockchain companies invested: 52

Number of VR companies invested: 18

Number of international investments: 30

Number of companies dissolved: 11

To date, the incubator has invested a total of $52 million in Bitcoin and blockchain companies, accounting for 60.46% of Boost VC's total investment of $86 million.

Adam Draper has recently criticized the industry’s growth, saying that early-stage startups can lack imagination. Earlier this year, he wrote in a blog post:

“We’re looking for crazy ideas, we want the vision of fearless founders, and we’re driving the next phase of the evolution of Bitcoin and blockchain.”

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