ConsenSys has closed a USD450 million financing round, bringing its valuation to over USD7 billion. ParaFi Capital led this raise after participating in ConsenSys’ Series C round in November 2021.
New investors, including Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, and C Ventures also participated, along with Series C investors Third Point, Marshall Wace, TRUE Capital Management, and UTA VC, United Talent Agency’s venture fund.
Sullivan & Cromwell LLP acted as ConsenSys’ legal advisor in this transaction.
ConsenSys has been a pioneer in creating the foundational software for the next wave of the internet, Web3. All Proceeds from the round will be converted to ETH to rebalance the ETH to USD-equivalents ratio in line with ConsenSys’ treasury strategy. This further builds ConsenSys’ “ultra sound money” position in advance of ethereum’s upcoming merge to Proof of Stake.
