Funding round
Consensys Growth
Reported as "Growth Equity"
Consensys, which works in blockchain software development in Fort Worth, raised $65M in a Growth round announced on 13 Apr 2021, led by J.P. Morgan. 17 firms took part. It is Consensys' second venture round on record; the one before was a Series A in Jul 2019.
$65M
Amount raised
Not disclosed
Post-money valuation
17
Investors
1 lead
Valuation
What this round says about the price
Consensys did not disclose a valuation in this round. It came 21 months after Consensys' Series A. It is 9.0% of the $725M Consensys has raised in the venture rounds on record. Consensys raised again 7 months later: a Growth round of $200M in Nov 2021, at $3.20B post-money.
Consensys' funding rounds
Consensys has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
J.P. Morgan led the round with 16 other firms.
Lead investor
- J.P. Morgan new investor
Also in the round
- Mastercard new investor
- UBS new investor
- Protocol Labs new investor
- backs 50 venture-backed companies new investor
- Greater Bay Area Homeland Development Fund new investor
- The LAO new investor
- Alameda Research new investor
- backs 62 venture-backed companies new investor
- backs 30 venture-backed companies new investor
- backs 54 venture-backed companies new investor
- backs 5 venture-backed companies new investor
- Liberty City Ventures new investor
- backs 48 venture-backed companies new investor
- Cushman & Wakefield new investor
- The Bank of New York Mellon Corporation new investor
- BlackRock new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion and scaling operations.
- Product development
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
392 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $59M, and this round was close to the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| G42 Tech Companies | 14 Apr 2021 | $800M | not disclosed | Silver Lake |
| ShareChat Tech Companies | 8 Apr 2021 | $502M | $2.10B | not named |
| Mavenir Tech Companies | 21 Apr 2021 | $500M | not disclosed | Koch Strategic Platforms |
| Tech Companies | 8 Apr 2021 | $200M | not disclosed | Sumeru Equity Partners |
| Tech Companies | 20 Apr 2021 | $173M | not disclosed | Insight Partners |
| Druva Tech Companies | 19 Apr 2021 | $147M | $2.00B | La Caisse |
| Tech Companies | 29 Apr 2021 | $130M | $1.20B | Blackstone |
| Keyfactor Tech Companies | 15 Apr 2021 | $125M | not disclosed | Insight Partners |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Consensys raise in its Growth round?
Consensys raised $65M in its Growth round, announced in Apr 2021.
Who led Consensys' Growth round?
J.P. Morgan led it, with Mastercard, UBS, Protocol Labs, Makers Fund and Greater Bay Area Homeland Development Fund and 11 more.
What was Consensys' valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
392 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $59M, and this round was close to the median.
Did Consensys raise again after this round?
Yes: a Growth round in Nov 2021 of $200M at $3.20B post-money.