$450M Raise Values Ethereum Builder ConsenSys at $7B as MetaMask Tops 30M Users
The hefty Series D more than doubles the firm’s previous valuation from November 2021.
Ethereum application and infrastructure builder ConsenSys has closed a $450 million funding round that values the New York City-based blockchain company at $7 billion.
The hefty Series D round, led by ParaFi Capital, more than doubles ConsenSys’ valuation based on its previous $200 million fundraise in November 2021. Existing investors, including Third Point and Marshall Wace, were joined by a new clutch of backers that included Singapore’s Temasek, SoftBank Vision Fund 2 and Microsoft. (There were also a slew of celebrity investors involved, including rappers 21 Savage and Young Thug.)
The firm’s new valuation coincides with its flagship Ethereum wallet and browser extension, MetaMask, reaching over 30 million monthly active users, while Infura, a widely used infrastructure tool created by ConsenSys, now boasts some 430,000 developers, according to a press release on Tuesday.