Business Insider takes a look back at one of the biggest trends in finance from 2017; Initial Coin Offerings or ICOs have become one of the main ways for companies in the blockchain space to raise capital; more than $3.5bn was raised using this method; some of the top raises include $153mn by The Bancor Protocol, $232mn by Tezos and $257mn by Filecoin. Source.
The blockchain data storage network has raised $200 million from accredited investors despite having technology issues during the ICO; the funding is in addition to $52 million in pre-sold tokens to investors Sequoia Capital, Andreesen Horowitz and Union Square Ventures. Source