{"id":20957,"date":"2022-03-15T21:42:03","date_gmt":"2022-03-15T20:42:03","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=20957"},"modified":"2022-03-15T21:42:12","modified_gmt":"2022-03-15T20:42:12","slug":"parafi-capital-leads-a-450m-series-d-funding-round-for-consensys","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/parafi-capital-leads-a-450m-series-d-funding-round-for-consensys\/","title":{"rendered":"ParaFi Capital leads a $450M Series D funding round for ConsenSys"},"content":{"rendered":"\n
ConsenSys<\/a>, a leading Ethereum and decentralized protocols software business have announced the closing of a $450 million Series D fundraising round headed by ParaFi Capital on Tuesday.<\/h5>\n\n\n\n
\"ParaFi<\/figure><\/div>\n\n\n\n

Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, and C Ventures were among the notable new investors. Since the firm's $200 million Series C financing\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> in November 2021, its valuation has more than doubled.<\/p>\n\n\n\n

Purpose of the funding<\/h2>\n\n\n\n

The proceeds of the round will be converted to Ether (ETH) in part to rebalance ConsenSys' treasury's ETH to US dollar equivalents ratio.<\/p>\n\n\n\n

The company is actively pursuing yields on such assets using decentralized finance (DeFi), protocols, and staking<\/a>, using its own financial infrastructure.<\/p>\n\n\n\n

The funds will also be used to expand MetaMask, with a major relaunch planned for later in 2022, as well as the introduction of a plug-in extensibility framework that will allow integration with a wide range of blockchain protocols and account security schemes.<\/p>\n\n\n\n

MetaMask topped 30 million monthly active users in January, signifying a 42 percent increase in just four months. Users can use the wallet to create and collect nonfungible tokens, as well as to join decentralized autonomous organizations<\/a> and engage in DeFi protocols.<\/p>\n\n\n\n

Meanwhile, the Ethereum development platform Infura is used by over 430,000 developers. Its Ethereum API now enables annually on-chain ETH transaction volume of more over $1 trillion.<\/p>\n\n\n\n

ConsenSys' founder and CEO, Joseph Lubin, had the following to say about the development:<\/p>\n\n\n\n

\u201cI think of ConsenSys as a broad and deep capabilities machine for the decentralized protocols ecosystem<\/a>, able to rapidly capitalize at scale on fundamental new constructs that emerge. […] This view has resonated with our crypto native and growth investors in a Series D that will enable us to execute powerful growth strategies.\u201d<\/p><\/blockquote>\n\n\n\n

\n

Today, @ConsenSys<\/use><\/svg><\/span><\/a> announced the close of a $450 million USD financing round, bringing its valuation to $7 billion USD. If you\u2019re interested in joining us we\u2019ll be hiring over 600 new employees globally over the next year. Check out our open roles and apply today!<\/p>— Dror Avieli \ud83d\udc41\ufe0f (@avieli) March 15, 2022<\/use><\/svg><\/span><\/a><\/blockquote>

<\/p>\n","protected":false},"excerpt":{"rendered":"

ConsenSys, a leading Ethereum and decentralized protocols software business have announced the closing of a $450 million Series D fundraising round headed by ParaFi Capital on Tuesday. Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, and C Ventures were among the notable new investors. Since the firm’s $200 million Series C financing in […]<\/p>\n","protected":false},"author":12,"featured_media":20958,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[6535,5643,8135,8136],"class_list":["post-20957","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-consensys","tag-defi-2","tag-parafi-capital","tag-series-d-funding"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/image-101.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/20957","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=20957"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/20957\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/20958"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=20957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=20957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=20957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}