Consensys joined the Unicorn Club on November 17, 2021, after raising a $200 million Series C funding round led by Marshall Wace, Third Point, DeFiance Capital, and several other investors, which valued the company at $7 billion. Headquartered in Fort Worth, Texas, United States, Consensys is a leading provider of blockchain and Web3 software solutions. The company's product suite includes MetaMask, Infura, Linea, Truffle, Diligence, and an NFT platform that helps users build decentralized applications (dApps), manage digital assets, and create NFTs. Consensys has raised a total of $725 million to date and employs 900 people (as of January 2023).
Keep reading to discover how Consensys is driving the Web3 revolution.
What Is Consensys and What Does It Do?
Founded in 2014, Consensys is a blockchain and Web3 software company providing a suite of solutions to help developers and users build and interact with decentralized applications (dApps), manage digital assets, and launch NFTs. The company's flagship products include MetaMask, a popular cryptocurrency wallet, and Infura, a platform that connects decentralized applications (dApps) to the Ethereum blockchain. Consensys also offers solutions like Truffle (for building smart contracts), Linea (scalable infrastructure for dApps), and Diligence (a suite for smart contract security).
Through its platform, Consensys is driving the adoption of blockchain technology and Web3 innovations, empowering users to participate in decentralized finance (DeFi) and digital asset management.
How Much Funding Has Consensys Raised?
- Series C
- Amount Raised: $200M
- Date: November 17, 2021
- Lead Investors: Marshall Wace, Third Point, DeFiance Capital, and others
- Valuation: $7B
- Purpose: Further development of blockchain and Web3 software solutions, enhance the product suite, and scale the platform for broader adoption.
- Earlier Rounds (Series A, B)
- Cumulative Funding: $525M
- Investors: Next Round Capital and others
- Purpose: Expand blockchain and crypto offerings, drive adoption of Ethereum-based technologies, and enhance developer tools.
Total Funding Raised: $725M
Latest Funding Date: November 9, 2022 (Series D)
Latest Valuation: $7B
Employee Count: 900 (as of January 18, 2023)
Key Investors
- Third Point
- Details: A multi-strategy hedge fund that invests across asset classes, including cryptocurrencies and blockchain infrastructure.
- Focus Areas: Blockchain, digital assets, and decentralized finance (DeFi).
- Next Round Capital
- Details: A venture capital firm focused on early to growth-stage investments in blockchain and fintech.
- Focus Areas: Web3 technologies, crypto infrastructure, and blockchain adoption.
- Marshall Wace
- Details: A global investment management firm known for strategic investments in fintech and blockchain innovations.
- Focus Areas: DeFi, cryptocurrencies, and Web3 solutions.
- DeFiance Capital
- Details: A prominent blockchain investment firm with a focus on decentralized finance (DeFi) and Web3 technologies.
- Focus Areas: DeFi platforms, Web3 infrastructure, and crypto applications.
Where Is Consensys's Headquarters?
Consensys is headquartered in Fort Worth, Texas, United States. The company operates globally, supporting the growth of the Ethereum ecosystem and Web3 technologies by providing developers and users with the tools needed to build, secure, and interact with decentralized applications and digital assets.
What's Next for Consensys?
Consensys is focused on scaling its suite of Web3 and blockchain solutions to support the growing demand for decentralized applications, digital assets, and NFTs. The company is investing in the development of more scalable infrastructure solutions for dApps, further enhancing its tools for smart contract security and blockchain interoperability. With the latest Series D funding round, Consensys is set to strengthen its position as a leader in the blockchain ecosystem, helping shape the future of the decentralized web.
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