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Samsung Identified As Most Active Investor In Blockchain-Related Companies

Samsung, the South Korean tech giant, has been identified as the most active investor in blockchain-related companies, participating in 13 funding rounds between Sep 2021 and Jun 2022.

It has been reported that the tech company was revealed to have participated in funding rounds for 13 companies, including climate tech venture Flowcarbon, Bored Apes Yacht Club issuer Yuga Labs, blockchain gaming company Animoca Brands, and Axie Infinity owner Sky Mavis.

However, the corporation is likely to have done most of its investing efforts through Samsung Next, a multifaceted innovation group within Samsung Electronics, investing in blockchain, artificial intelligence, and the Metaverse.

The report said that the post does not detail how much the tech corporation invested in each of the blockchain companies, noting only that the total size of funding rounds for the 13 companies aggregated to $979.26 million. Other notable corporations active in the blockchain investment space include Google parent company Alphabet, and financial institutions including BlackRock, Morgan Stanley, and Goldman Sachs.

Likewise, Blockdata noted that Alphabet participated in funding rounds for companies including Fireblocks, Dapper Labs, Voltage, and Digital Currency Group, which ended up raising $1.5 billion in total. A spokesperson clarified that “while the small number of Blockchain-related companies we've invested in have raised $1.5 billion in total, we have only invested a small fraction of that ourselves.”

Thus, Blockdata estimates that the top 40 corporations invested approximately $6 billion into blockchain startups between September 2021 and June 2022.

Source: Cointelegraph




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