ConsenSys Holds Funding Round Talks With $3B Valuation: Reporton October 11, 2021 at 8:33 am

ConsenSys Holds Funding Round Talks With $3B Valuation: Reporton October 11, 2021 at 8:33 am

ConsenSys, a blockchain company that develops and invests in Ethereum-based projects, is in talks about a funding round that would value it at $3 billion, the Financial Times reported Monday, citing people who had been briefed about the plans.

It is not clear which investors are behind the new funding round.The New York-based firm raised $65 million in April this year from financial giants such as JPMorgan and Mastercard 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 of trade through its digital token swap feature.The firm did not immediately respond to CoinDesk’s request for comment on the report.

Read more: ConsenSys Chief Joe Lubin: Ethereum’s ‘Enterprise’ Play Is Evolving

Ethereum development operation ConsenSys is said to be in talks about a new funding round that would value it at $3 billion.Read MoreCoinDesk

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