In a very short amount of time, blockchain rose as one of the biggest tech solutions of the current era, and entire industries have been reinforced or changed completely thanks to possibilities granted by Blockchain. It seems that blockchain startup companies in Europe have become more relevant than before.
In a variety of businesses, blockchain is proving to be a genuine disruptor. IBM, the world’s largest technology business, is investing more than $200 million in research and development since the technology has shown to be so promising.
More than 90% of European and American banks are looking at blockchain technology. Government, banking, insurance, and personal identity security are just a few of the industries where technology may make a difference.
Last year, VCs funnelled €2.6bn into Europe’s blockchain startups, over four times more than 2020’s funding figure. Now, 2022 has just begun and time will tell how much bigger the pie in the region will get.
With that, let’s take a look at some of the most promising Blockchain startup companies from Europe, honing some really exciting prospects and opportunities for Blockchain in the near future.
Here are some blockchain startup companies in Europe
Blockchain.com
The largest funded blockchain company in Europe may be Blockchain.com with a total of 4 equity deals and £356m in total raised funds. It’s tagline reads “The Most Trusted Crypto Wallet & Exchange” which is as self-explanatory as it can get.
An early adopter and industry thriver, the founding team of Blockchain.com knew that the world would need a way to efficiently buy, sell, and trade crypto in the coming few decades of rapid digitisation.
Since its inception in 2011, Blockchain.com has served people, projects, institutions, and protocols by being a pioneer of the key infrastructure for the bitcoin community while continuing the legacy for newer communities.
Backed by renowned investors from Wall Street to Silicon Valley, it doesn’t look like much can go wrong at the moment for this Blockchain king.
Elliptic
Elliptic is another thriving company based in the UK racking up approximately £79.5m in total raised funds. Essentially, the startup aims to deliver exemplary services in Blockchain analytics, training, and certification for crypto businesses, financial institutions, and regulators.
Elliptic’s grander vision enables them to help their clients manage financial crime risk, achieve regulatory compliance, and grow with confidence beyond expectations.
In other words, the company acts as a service provider for crypto firms, financial institutions, and regulators by employing crypto compliance solutions and services to detect and prevent financial crime in cryptoassets.
Businesses rely on Elliptic’s precise, actionable insights from blockchain analytics across more than 500 cryptoassets and 20 billion+ data points to manage risk and stay compliant.
Settlemint
Matthew Van Niekerk and Roderik Van der Veer created Settlemint in Leuven, Belgium, in 2016. SettleMint is democratising blockchain as a part of the future corporate environment with over €5 million in financing.
Through a reliable and scalable proprietary low-code solution of BPaS or “Blockchain as a Service,” the company provides the infrastructure to simplify blockchain application design, development, and integration, allowing businesses to go from scratch to blockchain application cases faster and with less complexity.
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