ConsenSys Closes $200 Million Financing Round

ConsenSys Closes $200 Million Financing Round

November 19, 2021

Blockchain technology solutions provider, ConsenSys announced today that it has raised $200 million in the latest funding round to expand its operations. HSBC and Coinbase Ventures joined the recent round.

ConsenSys received a valuation of $3.2 billion. Also, the blockchain firm highlighted a significant surge in the monthly active users of MetaMask. According to ConsenSys, MetaMask now has 21 million MAUs.

In the recent funding round, new investors Marshall Wace, Dan Loeb’s Third Point, ParaFi Capital and Think Investments contributed to the round alongside new partners that include Dragonfly Capital, Electric Capital, Spartan Group, DeFiance Capital, Animoca Brands, Coinbase Ventures and HSBC.

ConsenSys is planning to accelerate the expansion of MetaMask. Additionally, the company outlined its plan to add 400 new roles across its products and services. The latest financing round came nearly one month after ConsenSys acquired the Treum team and its NFT platform for an undisclosed amount.

“The paradigm shift to a world running on decentralized protocols is in full gear. The pace of adoption is now so rapid that we’ve more than doubled many of our core KPIs since this deal was struck over the summer. We are honored to partner with some of the top financial and strategic investors from both traditional and next-generation economies to accelerate the realization of Web3,” Joseph Lubin, the Founder & CEO of ConsenSys and Co-Creator of Ethereum, commented.

“As our technology crosses into the mainstream, we are already seeing the transformation of how larger and larger cohorts of builders, users, artists and enterprises live and work,” Lubin added.

MetaMask Wallet

MetaMask has been the key driver behind the latest success of ConsenSys. Compared to 2020, the overall users of MetaMask surged by approximately 38x.

“ConsenSys’ MetaMask wallet and other tools offer a unique platform for consumers, enterprises and developers to engage, build and create on the decentralized web. We are pleased to partner with ConsenSys to help unlock the unlimited potential of Web 3.0,” Daniel Loeb, the CEO and Founder of Third Point LLC, said.

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