Crypto news site Decrypt has spun out from its parent company ConsenSys Mesh and raised $10 million in funding at a $50 million valuation, Decrypt announced Tuesday.
- Decrypt was founded in 2018 within blockchain incubator program ConsenSys Mesh. Decrypt CEO and co-founder Josh Quittner praised ConsenSys Mesh and its founder Joe Lubin for the long-term support.
- "I’m thrilled about today’s announcement," Quittner told CoinDesk. "I’m especially grateful to Joe Lubin; we launched into the crypto winter and his support never wavered. The man has nerves of steel."
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.