ConsenSys raises $450M in Series D funding, doubles valuation in four months

On Tuesday, ConsenSys, the starring Ethereum (ETH) and decentralized protocols bundle institution with merchandise suites specified arsenic MetaMask, Infura, and Truffle, announced the adjacent of a $450 cardinal Series D backing circular led by ParaFi Capital. Notable caller investors included Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, and C Ventures. The woody much than doubles its valuation since the firm's $200 cardinal Series C rise successful November 2021. 

Proceeds from the circular volition successful portion beryllium converted to ETH to rebalance the ratio of ETH to USD-equivalents successful ConsenSys' treasury. The steadfast actively seeks to usage its ain fiscal infrastructure to gain yields connected specified assets successful decentralized finance, oregon DeFi, protocols and via staking. The proceeds volition besides enactment the enlargement of MetaMask with a large redesign scheduled for merchandise aboriginal successful 2022 and the roll-out of a plug-in extensibility strategy that volition let integration with a wide assortment of blockchain protocols and relationship information schemes.

Back successful January, MetaMask surpassed 30 cardinal monthly progressive users, representing an summation of 42% successful 4 months. With the wallet, users tin mint and cod nonfungible tokens, articulation decentralized autonomous organizations, and enactment successful DeFi protocols. Meanwhile, much than 430,000 developers are utilizing Ethereum improvement level Infura. Its Ethereum API present supports much than $1 trillion successful annualized on-chain ETH transaction volume.

Joseph Lubin, laminitis and CEO of ConsenSys, gave the pursuing remarks regarding the development:

I deliberation of ConsenSys arsenic a wide and heavy capabilities instrumentality for the decentralized protocols ecosystem, capable to rapidly capitalize astatine standard connected cardinal caller constructs that emerge. [...] This presumption has resonated with our crypto autochthonal and maturation investors successful a Series D that volition alteration america to execute almighty maturation strategies.

Today, @ConsenSys announced the adjacent of a $450 cardinal USD financing round, bringing its valuation to $7 cardinal USD. If you’re funny successful joining america we’ll beryllium hiring implicit 600 caller employees globally implicit the adjacent year. Check retired our unfastened roles and use today!

— Dror Avieli (@avieli) March 15, 2022