Funding round
Consensys Growth
Reported as "Growth Equity"
Consensys, which works in blockchain software development in Fort Worth, raised $200M in a Growth round announced on 17 Nov 2021, led by Marshall Wace and Third Point, at a $3.20B post-money valuation. 14 firms took part. It is Consensys' third venture round on record; the one before was a Growth in Apr 2021.
$200M
Amount raised
$3.20B
Post-money valuation
14
Investors
2 leads
6.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Consensys at $3.20B after the new money. The $200M bought investors about 6.3% of the company. It came 7 months after Consensys' Growth. It is 28% of the $725M Consensys has raised in the venture rounds on record. Consensys raised again 4 months later: a Series D round of $450M in Mar 2022, at $7.00B post-money.
Consensys' funding rounds
Consensys has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Marshall Wace and Third Point led the round with 12 other firms.
Lead investors
- Marshall Wace new investor
- backs 7 venture-backed companies new investor
Also in the round
- ParaFi Capital new investor
- backs 16 venture-backed companies new investor
- backs 74 venture-backed companies new investor
- backs 65 venture-backed companies new investor
- backs 58 venture-backed companies new investor
- backs 25 venture-backed companies new investor
- Animoca Brands new investor
- Coinbase Ventures new investor
- HSBC new investor
- backs 6 venture-backed companies new investor
- Sanctor Capital new investor
- new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
431 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $56M, and this round was 3.6 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Dream Sports Tech Companies | 24 Nov 2021 | $840M | $8.00B | Falcon Edge and DST Global |
| Formstack Tech Companies | 18 Nov 2021 | $425M | not disclosed | Silversmith Capital Partners and PSG |
| Intellistack Tech Companies | 18 Nov 2021 | $425M | not disclosed | not named |
| Tech Companies | 23 Nov 2021 | $350M | not disclosed | K1 Investment Management |
| Armis Tech Companies | 29 Nov 2021 | $300M | $3.40B | One Equity Partners |
| Tech Companies | 25 Nov 2021 | $300M | $5.00B | Insight Partners |
| Tech Companies | 10 Nov 2021 | $240M | $1.00B | not named |
| Tech Companies | 3 Nov 2021 | $234M | not disclosed | SoftBank Corp. |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Consensys raise in its Growth round?
Consensys raised $200M in its Growth round, announced in Nov 2021.
Who led Consensys' Growth round?
Marshall Wace and Third Point led it, with ParaFi Capital, Think Investments, Dragonfly, Electric Capital and Spartan Group and 7 more.
What was Consensys' valuation at the Growth round?
$3.20B post-money.
How does it compare with other Growth rounds in Tech Companies?
431 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $56M, and this round was 3.6 times the median.
Did Consensys raise again after this round?
Yes: a Series D round in Mar 2022 of $450M at $7.00B post-money.