The company reached a $3.2 billion valuation.
The blockchain software technology company ConsenSys has announced that the company has closed $200 million in the latest funding round to pump up its operations. Coinbase Venture and HSBC have also joined the financing round.
ConsenSys has hit a $3.2 billion valuation. The blockchain company has also highlighted that the monthly active users of MetaMask, a software cryptocurrency wallet developed by ConsenSys, surged significantly. ConsenSys has stated that MetaMask now has 21 million MAUs.
At the last funding round, new joined investors Marshall Wace, ParaFi Capital, Dan Loeb’s Third Point, and Think Investments has contributed to the round. Also, the new partners include Dragonfly Capital, Spartan Group, Animoca Brands, DeFiance CapitalCoinbase Ventures, HSB, and Electric Capital have contributed to the round.
ConsenSys will focus on accelerating the expansion of MetaMask. The company has outlined that it is planning to add 400 new roles across the company’s products and services.
“The paradigm shift to a world running on decentralized protocols is in full gear. The pace of adoption is now so rapid that we’ve more than doubled many of our core KPIs since this deal was struck over the summer. We are honored to partner with some of the top financial and strategic investors from both traditional and next-generation economies to accelerate the realization of Web3,” Joseph Lubin, the Founder & CEO of ConsenSys and Co-Creator of Ethereum, commented.
“As our technology crosses into the mainstream, we are already seeing the transformation of how larger and larger cohorts of builders, users, artists, and enterprises live and work,” Lubin added.
MetaMask Cryptocurrency Wallet
MetaMask is the main driver of the recent success of ConsenSys. The total users of MetaMask increased by nearly 38x compared to the last year.
“ConsenSys’ MetaMask wallet and other tools offer a unique platform for consumers, enterprises, and developers to engage, build and create on the decentralized web. We are pleased to partner with ConsenSys to help unlock the unlimited potential of Web 3.0,” Daniel Loeb, the CEO and Founder of Third Point LLC said.