ConsenSys, which owns MetaMask and Infura, announced the successful completion of an investment round that raised the company’s market valuation to $7 billion.
Software factory ConsenSys announced the closing of another round of financing for $450 million with the participation of ParaFi Capital, Microsoft, Softbank and other investors. The company’s new $7 billion valuation is double the valuation from the previous round, which ended four months ago. Then the company managed to raise $200 million.
ConsenSys was launched in 2014 as an incubator for startups looking to unlock the potential of the then-young Ethereum blockchain. In the past two years, the company has built a reputation and achieved success with the launch of two flagship products, the MetaMask cryptocurrency wallet and the Infura crypto infrastructure platform.
Now the company consists of two divisions: ConsenSys Software and ConsenSys Mesh, which finance and support startups. According to founder and CEO Joe Lubin, ConsenSys will continue to develop Infura and MetaMask. The company also plans to expand the list of its projects:
“We are supporters of natural growth, so we are not in a hurry to expand uncontrollably. However, we are gradually attracting the best people in the industry to our ecosystem. There are a lot of people from Web2 and traditional finance right now who are very interested in working on Web3 projects.”
Last November, ConsenSys reported that the monthly audience of MetaMask crypto wallet users exceeded 21 million users.
Source: Bits
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