EXCLUSIVE: Ethereum developer ConsenSys poised to double its valuation in pending fundraise by RyanJamesWeeks
The Ethereum-focused software company raised funding at a valuation of $3.2 billion a little over two months ago.advertisement
The firm has held talks with potential backers about investing at a valuation of roughly $6.5 billion, according to three people close to the discussions. While the size of the latest fundraise is unclear, several sources believe the company’s post-money valuation will be close to $7 billion.The company last raised funds in November 2021, when it announced
ConsenSys has developed half a dozen core products, all aimed at widening access to the Ethereum ecosystem. Crypto wallet MetaMask and Infura, the developer platform, are its flagship tools.that Infura had increased its users from 100,000 to 350,000 in the previous year. At that time, MetaMask’s monthly user base numbered 21 million — up 38 times from 2020. The wallet also operates a service targeting institutional investors, giving them the means to interact with DeFi apps.
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