Funding round
Consensys Series A
Consensys, which works in blockchain software development in Fort Worth, raised $10M in a Series A round announced on 1 Jul 2019. It is Consensys' first venture round on record.
$10M
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Consensys did not disclose a valuation in this round. It is Consensys' first venture round on record, 5 years after it was founded in 2014. It is 1.4% of the $725M Consensys has raised in the venture rounds on record. Consensys raised again 21 months later: a Growth round of $65M in Apr 2021. Its next priced round, a Growth in Nov 2021, valued it at $3.20B.
Consensys' funding rounds
Consensys has 4 venture rounds on record. This one is highlighted.
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
955 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.2M, and this round was 1.2 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| OneTrust Tech Companies | 11 Jul 2019 | $200M | $1.30B | Insight Partners |
| Tech Companies | 23 Jul 2019 | $79M | not disclosed | Cannae Holdings, Inc. and Motive Partners |
| Tech Companies | 29 Jul 2019 | $23M | not disclosed | Intel Capital |
| Tech Companies | 30 Jul 2019 | $15M | not disclosed | Accel |
| Tech Companies | 15 Jul 2019 | $15M | not disclosed | not named |
| NEAR Tech Companies | 10 Jul 2019 | $12M | not disclosed | Accomplice and MetaStable Capital |
| Tech Companies | 30 Jul 2019 | $12M | not disclosed | Sequoia Capital |
| Tech Companies | 23 Jul 2019 | $11M | not disclosed | Foundry |
Questions
Frequently asked
How much did Consensys raise in its Series A round?
Consensys raised $10M in its Series A round, announced in Jul 2019.
What was Consensys' valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
955 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.2M, and this round was 1.2 times the median.
Did Consensys raise again after this round?
Yes: a Growth round in Apr 2021 of $65M.