ConsenSys

FinTech

Founded: 2014

Last Round Valuation: $7.07B

ConsenSys is a company that constructs a digital economy using the Ethereum blockchain and manages digital assets. It empowers developers, enterprises, and individuals worldwide to create cutting-edge applications, establish modern financial infrastructure, and explore the decentralized web. ConsenSys offers a range of products, including Infura, Quorum, Truffle, Codefi, MetaMask, and Diligence. These products cater to millions of users, handle billions of blockchain-based queries for clients, and have facilitated the management of significant amounts of digital assets. Founded in 2014 by Joseph Lubin and Andrew Keys, ConsenSys is headquartered in Brooklyn, NY.

ConsenSys Overview:

ConsenSys is a prominent company that specializes in building a digital economy on the Ethereum blockchain and providing comprehensive solutions for handling digital assets. Their primary goal is to empower developers, enterprises, and individuals worldwide to create and participate in the next generation of applications, modern financial infrastructure, and the decentralized web.

One of the key offerings from ConsenSys is Infura, a powerful infrastructure platform that allows developers to easily connect and interact with the Ethereum network. It provides scalable and reliable access to the blockchain, enabling developers to focus on building their applications without the need to manage complex infrastructure.

Another notable product is Quorum, an enterprise-grade blockchain platform based on Ethereum. Quorum is designed specifically for private and consortium networks, providing enhanced privacy and security features. It enables organizations to build and deploy decentralized applications tailored to their specific business requirements.

Truffle is a development framework offered by ConsenSys, which simplifies the process of building, testing, and deploying smart contracts on the Ethereum blockchain. It provides a suite of developer tools and a robust testing environment, accelerating the development cycle and ensuring the reliability and security of smart contract code.

Codefi is another notable product suite from ConsenSys that focuses on enabling the growth of decentralized finance (DeFi) and asset management solutions. It offers a range of tools and services for financial institutions, including asset tokenization, decentralized exchange protocols, portfolio management, and compliance solutions.

MetaMask is a popular Ethereum wallet and browser extension developed by ConsenSys. It allows users to securely manage their Ethereum accounts, interact with decentralized applications, and participate in the growing ecosystem of Ethereum-based services.

ConsenSys also places a strong emphasis on security and auditing. Their Diligence product provides smart contract auditing and security consulting services, helping organizations identify and mitigate potential vulnerabilities in their blockchain-based applications.

Over the years, ConsenSys has built a significant user base, with millions of users relying on their products and services. They have handled billions of blockchain-based queries for clients and facilitated the management of substantial amounts of digital assets.

ConsenSys was founded in 2014 by Joseph Lubin and Andrew Keys. Joseph Lubin, one of the co-founders of Ethereum, has played a significant role in driving the adoption and development of blockchain technology. Headquartered in Brooklyn, New York, ConsenSys continues to be at the forefront of innovation in the blockchain space, driving the growth and advancement of the Ethereum ecosystem.

Founders:

  • Joseph Lubin

  • Andrew Keys

Top Investors:

  • ParaFi Capital

  • Temasek

  • SoftBank

  • Marshall Wace

  • Third Point

  • J.P. Morgan

  • Mastercard

  • UBS AG

Funding History:


Date Share Type Amount Raised Raised to Date Issue Price Post Money Valuation Key Investors
Mar 2022 Series D $450MM $704.73MM $140.06 $7.07B ParaFi Capital, Temasek, SoftBank
Nov 2021 Series C-1-V $55.05MM $109.78MM $68.40 $3.2B Marshall Wace, Third Point, ParaFi Capital
Nov 2021 Series-C-1-NV $116.63MM $171.35MM $68.40 $3.2B Marshall Wace, Third Point, ParaFi Capital
Nov 2021 Series C-2-NV $9.08MM $63.81MM $11.28 $3.2B Marshall Wace, Third Point, ParaFi Capital
Nov 2021 Series C-2-V $19.24MM $73.96MM $11.28 $3.2B Marshall Wace, Third Point, ParaFi Capital
Apr 2021 Series A-NV $27.36MM $27.36MM $2.52 $91.21MM J.P. Morgan, Mastercard, UBS AG
Apr 2021 Series B $2.00 $2.00 $2.52 $91.21MM J.P. Morgan, Mastercard, UBS AG
Apr 2021 Series A-V $27.36MM $27.36MM $2.52 $91.21MM J.P. Morgan, Mastercard, UBS AG

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