Blockchain firm ConsenSys lands $450m Series D funding

US blockchain technology company ConsenSys has closed a $450 million Series D financing round, valuing the firm at more than $7 billion.

Following the $450m Series D, ConsenSys is valued at $7bn

The round was led by ParaFi Capital, which participated in ConsenSys’ Series C round in November.

Additionally, Series C investors Third Point, Marshall Wace, TRUE Capital Management and UTA VC also participated in the round.

New investors included Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures and C Ventures.

The capital from the Series D will be converted to Ethereum (ETH) in order to rebalance the ratio of ETH to USD-equivalents in line with ConsenSys’ treasury strategy.

The new funding will also support the rapid expansion of ConsenSys’ crypto wallet and blockchain gateway MetaMask, with a major redesign scheduled for release later in 2022.

ConsenSys says MetaMask now supports more than 30 million monthly active users, with the United States, the Philippines, Brazil, Germany and Nigeria some of its most active markets.

The company also intends to hire more than 300 employees over the course of this year, adding to its 700-strong workforce.

Founder and CEO Joseph Lubin says ConsenSys is a “broad and deep capabilities machine” for the decentralised protocols ecosystem.