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    ConsenSys Raised $450 Million, While MetaMask Reached 30 Million MAUs

    ConsenSys – a leading Ethereum software company – just announced another $450 million in Series D funding. This brings the company’s total valuation to over $7 billion.

    This more than doubles ConsenSys’s valuation since its $200 million Series C raise last November.

    According to the company’s press release, the funds will be used to recruit over 600 new employees worldwide and to expand the Ethereum ecosystem.

    This round saw new investors such as Temasek and SoftBank Vision Fund 2, Microsoft Anthos Capital, Sound Ventures and C Ventures.

    Former series C investors also took part, including Third Point, Marshall Wace, TRUE Capital Management, and UTA VC, United Talent Agency’s venture fund.

    Proceeds from the round will be converted to ETH, as part of the company’s treasury strategy of balancing its ETH and USD holdings. This is reportedly to strengthen ConsenSys’s “ultrasound money” position before Ethereum transitions to proof of stake this year.

    ConsenSys is responsible for many highly-used products that support the Ethereum network and community. These products include Ethereum API Infura as well as the Ethereum wallet MetaMask.

    This number has increased by 42% in the last four months to more than 30,000,000 monthly active users.

    Joseph Lubin – CEO and Founder of ConsenSys – said the next funding round will be considered ‘Series ETH’, encouraging investors to contribute directly using ETH.

     

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