The blockchain technology developer received backing from SoftBank Vision Fund 2, Microsoft and UTA VC in a round more than doubling its valuation to $7bn.
US-based blockchain technology provider ConsenSys secured $450m in series D funding yesterday from investors including internet and telecommunications group SoftBank’s Vision Fund 2, software provider Microsoft and talent agency United Talent Agency (UTA).
ParaFi Capital led the round and was also joined by Anthos Capital, Sound Ventures, Temasek, C Ventures, Marshall Wace, Third Point and True Capital Management while UTA took part through corporate venturing subsidiary UTA VC. It valued the company at $7bn.
Founded in 2014, ConsenSys provides developers with tools to launch applications on the Ethereum blockchain, covering areas including non-fungible token (NFT) marketplaces, decentralised finance applications and play-to-earn gaming.
The company plans to convert the series D proceeds to Ethereum as it looks to increase its balance of Ethereum on hand relative to its US dollar holdings. Funding will also be used to expand and redesign its crypto-wallet platform, MetaMask.
Digital entertainment and blockchain technology developer Animoca…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
