Boost VC has released new figures about its investments in startups focusing on bitcoin and the blockchain.
According to figures provided to CoinDesk by Boost, bitcoin and blockchain startups have so far raised $52 million, compared to the $86 million across companies in all of its target sectors.
The figures suggest bitcoin and blockchain startups have so far captured 60% of the accelerator's total investments, with the average startup having raised $961,538.
The new data comes during a bid by Boost VC to attract a new class of startups to its program, and follows a shift in the incubator's emphasis to focus on virtual reality firms. Based on figures it has released, Boost's Tribe 6 includes just five bitcoin startups, compared to the 21 featured in its last 24-firm fund.
Boost VC CEO Adam Draper has recently been critical of developments in the industry, suggesting that early-stage industry startups may be suffering from a lack of vision, writing in a post earlier this year:
Ideas image via Shutterstock
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