ConsenSys Holds Funding Round Talks With $3B Valuation
The Ethereum software company raised $65 million in April from financial giants such as JPMorgan Chase and Mastercard.
Oct 11, 2021 at 8:33 a.m. UTCUpdated May 11, 2023 at 7:06 p.m. UTC
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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.
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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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Jamie Crawley is a CoinDesk news reporter based in London.
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Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.