Today Ethereum development house ConsenSys announced a $450 million Series D funding round at a $7 billion valuation, less than four months after closing a $200 million raise. The blockchain investment was led by ParaFi Capital, with new investors such as Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, and C Ventures.
Although ConsenSys acquired the Quorum enterprise blockchain from JP Morgan and consults on central bank digital currency projects, the company’s primary focus is to create tools and infrastructure to promote the development of the ecosystem around the public Ethereum blockchain.
It owns the most popular cryptocurrency wallet, Metamask, which had 30 million Monthly Active Users in January, a growth of 42% in four months. It also operates Infura that provides infrastructure tools to make it easier to develop Ethereum applications and is used by 430,000 developers.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
