ConsenSys Holds Funding Round Talks With $3B Valuation

ConsenSys, a blockchain software company that develops and invests in Ethereum-based projects, is in talks about a funding round that would value the Brooklyn, New York-based company at $3 billion, according to three people familiar with the discussions.

The company is looking to raise $250 million, one of the people said.
“GoldenTree Asset Management and probably Arca are in the round,” the person said.
GoldenTree declined to comment. Arca responded after publication of an earlier version of this story to say it was not involved.
ConsenSys raised $65 million in April this year from financial giants such as JPMorgan Chase, Mastercard and UBS as well as leading decentralized finance (DeFi) companies.
As a developer and supporter of projects built on Ethereum, ConsenSys has pivoted away from consulting and services toward a larger focus on products.
ConsenSys is the developer of MetaMask, for example – a key gateway to the DeFi world – which has facilitated more than $9 billion in trades through its digital token swap feature.
The Financial Times reported the funding round earlier, citing people who had been briefed about the plans.
ConsenSys did not immediately respond to CoinDesk’s request for comment on the report.

UPDATE (OCT. 11, 10:02 UTC): Changes sourcing to CoinDesk reporting; adds amount sought in fundraising round, names and responses of two companies involved.

UPDATE (OCT. 12, 13:59 UTC): Adds Arca response, saying it’s not involved.

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