ConsenSys raises $450 million in series-D funding

economictimes.indiatimes.com:

ConsenSys, blockchain software technology player, has raised $450 million in its Series D funding round at valuation of $7 billion. The raised funds will be converted into Ethereum (ETH), the company said. The fundraising was led by ParaFi Capital, who took part in the previous fundraising too. It was joined by new investors, including Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, and C Ventures. Other Series C investors, including Third Point, Marshall Wace, True Capital Management, and UTA VC, United Talent Agency’s venture fund also participated in this round.

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ConsenSys creates the foundational software for Web3. The company said it aims to unlock the collaborative power of communities by making DAOs, NFTs, and DeFi universally easy to use, access, and build on. The acceleration of Web3 adoption globally is also illustrated by the rise of leading self-custodial wallet, MetaMask, which now supports more than 30 million Monthly Active Users (MAUs), growing 42 per cent in only four months,it stated. All proceeds from the round will be converted to Ethereum to further build ConsenSys’ 'ultrasound money' position as a rebalance to its Ethereum to fiat ratio in line with ConsenSys’ treasury strategy. Joseph Lubin, founder and CEO of ConsenSys said, “I think of ConsenSys as a broad and deep capabilities machine for the decentralized protocols ecosystem, able to rapidly capitalize at scale on fundamental new constructs that emerge, such as developer tooling, wallets, security audits, DeFi, NFTs, Layer-2 scaling, DAOs, and more." Next round of funding will be ‘Series ETH’ where