ConsenSys, which develops and invests in Ethereum projects, announces a $450M Series D led by ParaFi Capital at a $7B valuation and says MetaMask has 30M+ MAUs
MetaMask's reported user base gives ConsenSys a large consumer-facing distribution point alongside its developer and investment activities. That scale matters as wallet rivals such as Phantom were also raising capital and targeting Ethereum support.
First-order effects
ConsenSys gains $450M to fund its Ethereum-project development and investment activities, while ParaFi Capital becomes the lead investor in a company valued at $7B.
MetaMask's 30M-plus monthly active users strengthen ConsenSys's position with developers and projects seeking access to Ethereum users.
Second-order effects
Phantom, which had raised a $109M Series B and promised Ethereum support, faces a better-funded MetaMask as it competes for wallet users and ecosystem partnerships.
Ethereum infrastructure providers and projects gain a more heavily capitalized ConsenSys as a potential builder, investor, and distribution partner.
Third-order effects
If similar rounds continue, Ethereum's infrastructure layer may concentrate around companies that combine developer tooling, investment capital, and large wallet audiences rather than serving only one of those roles.
The parallel financing of ConsenSys and Optimism points to venture funding increasingly backing both user-access layers and scaling infrastructure within the same Ethereum ecosystem.
The trend: Ethereum venture financing is shifting toward integrated platforms that pair infrastructure capabilities with direct user distribution.
⚡️#Ethereum application & infrastructure builder @ConsenSys has closed a $450M Series D funding round led by @ParaFiCapital Existing investors, including @ThirdPointLLC, Marshall Wace were joined by @Temasek @SoftBank_Group Vision Fund 2 & @Microsoft 👉https://coindesk.com/ ... ht…
#Crypto developer @ConsenSys, which owns the popular #Ethereum-based @MetaMask wallet, announced a $450 million Series D round today that values the company at $7 billion, nearly double in worth since its last fundraise in November 2021. https://twitter.com/...
Crypto start-up Consensys raises $450M at a $7B valuation.. doubling from November round SoftBank, Microsoft among the new investors 💸 (Oh and MetaMask has >30M users) https://twitter.com/...
@ChrisBlec ... I am literally >1000x more biased by my ETH than my ConsenSys salary. The future of Ethereum and enabling people to build remarkable things that have a positive impact on the greater world is my top priority. Always has been. Always will be.
ConsenSys announces its latest fundraise at a $7bn valuation, confirming my scoop from January. Subscribe to @TheBlock__? https://www.theblockcrypto.com/ ... https://twitter.com/...
All of Consensys at $7B which includes Metamask? Look, I know they've had their issues, and it's a sprawling and somewhat unstructured organization, but that's nonsense compared to OpenSea at $13B
Excited to share that ConsenSys just closed a $450m funding round with a $7 billion USD valuation. This doubles the valuation that we had in our series C back in November 2021. We're also hiring - reach out to me if you want to hear more. https://consensys.net/...
They 100% used revenue from the metamask swap they jacked up by larping about a token to justify this valuation to investors LMAO https://www.coindesk.com/...