ConsenSys Raises $450M Series D Funding as Leading Self-Custodial Wallet MetaMask Reaches Over 30…

ConsenSys Raises $450M Series D Funding as Leading Self-Custodial Wallet MetaMask Reaches Over 30 Million MAUs

15th of March 2022 ConsenSys announced the close of a $450 million USD financing round, bringing its valuation to over $7 billion USD. ParaFi Capital led this raise after participating in ConsenSys’ Series C Round in November 2021. They were joined by new investors, including Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, and C Ventures. Series C investors — Third Point, Marshall Wace, TRUE Capital Management, and UTA VC, United Talent Agency’s venture fund — also participated in this round.

ConsenSys has been a pioneer in creating the foundational software for the next wave of the internet, Web3. Our mission is 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 developed by ConsenSys, MetaMask, which now supports more than 30 million Monthly Active Users (MAUs), growing by 42% in only four months.

The proceeds from the round will be converted to ETH to rebalance the ratio of ETH to USD-equivalents in line with ConsenSys’ treasury strategy.

Funding will also support the rapid expansion of MetaMask with a major redesign scheduled for release later in 2022, as well as the roll out of a plug-in extensibility system that will allow integration with a wide variety of blockchain protocols and account security schemes, which will enable MetaMask to bolster its industry-leading security infrastructure and create a cohesive user experience across desktop, mobile, extension, and browser wallets.