17 European blockchain startups are gaining attention from venture capitalists:
Blockchain startups in Europe are experiencing a revival, bolstered by recent regulatory changes in the US and EU. Investors are re-engaging with the sector as funding momentum picks up, with European blockchain ventures securing $386 million across 68 deals in the early months of the year. This investment surge aligns with the US Securities and Exchange Commission’s approval of 11 bitcoin ETFs and the EU’s MiCA law, which provides a regulatory framework for crypto companies in the bloc.
Leading European venture capitalists specializing in crypto have shared their insights on emerging blockchain startups, emphasizing non-portfolio companies. Here’s a look at their top picks:
Morpho Labs – France: Morpho Labs is on a mission to disrupt financial services by providing a secure, decentralized lending protocol on the Ethereum blockchain. The platform matches lenders with borrowers using smart contracts, optimizing loan terms and interest rates, and has achieved over $1 billion in deposits.
Swaap – France: Swaap is enhancing liquidity for DeFi markets by offering advanced market-making strategies to mitigate common risks like impermanent loss.
Bubblemaps – France: Bubblemaps delivers high-performance data visualization for blockchain analytics, aiding in everything from financial analysis to marketing strategies.
Hylé – France: Hylé is developing a blockchain dedicated to verifying zero-knowledge proofs, providing a versatile settlement layer for various ZK proof systems.
Kiln – France: Kiln offers enterprise-grade staking services, with over $7 billion staked and integration with leading crypto products, retaining significant protocol value.
Usual Money – France: This stablecoin issuer, backed by real-world assets like treasury bonds, has raised $7 million in funding and is set to compete with major US stablecoin providers.
Mira – Portugal: Mira’s open-source AI platform rewards AI contributors with crypto tokens and builds trust within blockchain datasets and models.
MatrixOne – Portugal: MatrixOne is preparing to launch a decentralized AI avatar protocol on the Solana blockchain network.
Ethena – Portugal: Ethena’s synthetic dollar protocol on Ethereum, USDe, offers yield-bearing internet bonds with impressive market performance.
Euler Finance – UK: Euler’s lending protocol enables the lending and borrowing of diverse crypto assets with an effective liquidation mechanism.
Compass Labs – UK: Compass Labs provides simulation tools for DeFi trading strategies, aiding users in navigating volatile market conditions.
Validation Cloud – Switzerland: Offering superior blockchain node infrastructure, Validation Cloud stands out in performance across multiple geographies.
Centrifuge – Switzerland: Centrifuge streamlines the tokenization of real-world assets on blockchains, enhancing portfolio management for asset managers.
Tenderly – Serbia: Tenderly supports web3 developers with a comprehensive infrastructure solution for smart contract execution and optimization.
Finoa – Germany: Finoa provides institutional-grade custody services for over 180 assets, supporting storage, staking, and trading activities.
BWare Labs – Romania: BWare Labs offers web3 infrastructure and development tools, including RPC endpoints and blockchain indexing services.
Union – Netherlands: Union’s interoperability solutions empower startups to select optimal blockchains for development, prioritizing speed and decentralization.
These startups represent a spectrum of groundbreaking solutions in the blockchain domain, each poised for considerable growth within the evolving crypto environment. The recommendations come from distinguished venture capital firms, including LocalGlobe, XAnge, 1kx, RockawayX, Eurazeo, and Greenfield Capital.
Disclaimer: The content provided is for informational purposes only and not intended as investment advice. Readers are advised to conduct due diligence and consult a financial expert before making investment decisions.
