ConsenSys Rockets to $200 Million Funding Round

The latest raise values ConsenSys at $3.2 billion

MetaMask now counts 21M monthly active users accessing Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), and more

ConsenSys has closed a $200 million round at a $3.2 billion valuation. New investors include Marshall Wace, Third Point, ParaFi Capital, and Think Investments which contributed to the round, and partners that include Dragonfly Capital, Electric Capital, Spartan Group, DeFiance Capital, Animoca Brands, Coinbase Ventures, and HSBC. 

“The Age of Silos and Trusted Third Parties are giving way to the Age of Community and Collaboration enabled by an automated, objective, trust foundation, and a decentralized finance ecosystem. The paradigm shift to a world running on decentralized protocols is in full gear. 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. 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,” commented Joseph Lubin, Founder & CEO of ConsenSys and Co-creator of Ethereum.

The self-custodial wallet MetaMask increased 38x from 2020 and has around 21 million monthly active users now. It interacts with a universe of approximately 3,700 unique Web3 applications. Web3 allows creators to capture the true value of their work and communities to organize in real-time, largely unfettered by borders. These applications include NFT marketplaces, play-to-earn games, decentralized autonomous organizations (DAOs), decentralized finance (DeFi) applications, and metaverse worlds.

“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,” concluded Daniel S. Loeb, CEO and Founder of Third Point LLC. 

MetaMask acts allows websites and apps to access data that a user consents to. Its in-app swap feature has enabled more than $10 billion in peer-to-peer token swapping. MetaMask now supports Ethereum-compatible Layer 2 networks such as Polygon, Optimism, Arbitrum, zkSync, BSC, Celo, Avalanche, and NEAR/Aurora, which represents more than 90% of global smart contract network volume. ConsenSys is also ramping up its efforts to drive NFT adoption for artists, content creators, brands, rights owners, game publishers, and leagues.

About investment Amit Rajpal, Partner and CEO Asia at Marshall Wace said:

"We are excited to be investing in ConsenSys. The consumer, developer, and enterprise ecosystems for Defi and NFT applications are building exponentially and blockchain technology companies, like ConsenSys, which have multi-faceted technology offerings are in a position to be the access point to this universe. We particularly look forward to working with Joe and his team to enhance their presence in the Asian region where adoption rates are rising rapidly."

ConsenSys is increasingly integrating new products with developer tools and infrastructure Infura to support the entire development lifecycle, such as Truffle (4.7 million developers) for writing and testing smart contracts, Diligence for securing smart contracts with hands-on code audits, and automated testing tools, and Customer Success for tech support. 

For enterprise, ConsenSys Quorum Blockchain Service offers a fully managed Ethereum blockchain service. ConsenSys Quorum is already in use by 10 different Central Bank Digital Currency projects around the world. ConsenSys’ protocol and R&D engineers are the main drivers of Ethereum’s upcoming merge which will bring them a more energy-efficient and scalable Proof of Stake consensus system to Ethereum.

Funding will support the expansion of MetaMask and Infura’s products as well as the addition of 400 new roles across its products and services.

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