Funding round
Consensys Series D
Consensys, which works in blockchain software development in Fort Worth, raised $450M in a Series D round announced on 15 Mar 2022, led by ParaFi Capital, at a $7.00B post-money valuation. 11 firms took part. It is Consensys' fourth venture round on record; the one before was a Growth in Nov 2021.
$450M
Amount raised
$7.00B
Post-money valuation
$6.55B pre-money
11
Investors
1 lead
2.2x
Step-up from the Growth
$3.20B in Nov 2021
6.4%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Consensys at $7.00B after the new money, 2.2 times the $3.20B of its Growth (Nov 2021). The $450M bought investors about 6.4% of the company. It came 4 months after Consensys' Growth. It is 62% of the $725M Consensys has raised in the venture rounds on record. No later venture round is on record for Consensys.
Consensys' funding rounds
Consensys has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
ParaFi Capital led the round with 10 other firms.
Lead investor
- ParaFi Capital new investor
Also in the round
- Temasek backs 195 venture-backed companies new investor
- SoftBank Vision Fund backs 234 venture-backed companies new investor
- Microsoft new investor
- backs 44 venture-backed companies new investor
- Sound Ventures backs 114 venture-backed companies new investor
- C Ventures new investor
- backs 7 venture-backed companies new investor
- Marshall Wace new investor
- backs 24 venture-backed companies new investor
- UTA VC 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
214 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 4.5 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 23 Mar 2022 | $150M | $1.00B | SoftBank Vision Fund |
| Tech Companies | 15 Mar 2022 | $135M | not disclosed | Summit Partners |
| Tech Companies | 9 Mar 2022 | $125M | $300M | EQT |
| Insider One Tech Companies | 7 Mar 2022 | $121M | $1.22B | Qatar Investment Authority |
| Tech Companies | 21 Mar 2022 | $115M | $1.00B | SoftBank Vision Fund |
| Tech Companies | 22 Mar 2022 | $110M | $1.60B | Canapi Ventures and 9Yards Capital |
| Tech Companies | 2 Mar 2022 | $102M | $902M | PSP Partners |
| Tech Companies | 15 Mar 2022 | $100M | not disclosed | Farview |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Consensys raise in its Series D round?
Consensys raised $450M in its Series D round, announced in Mar 2022.
Who led Consensys' Series D round?
ParaFi Capital led it, with Temasek, SoftBank Vision Fund, Microsoft, Anthos Capital and Sound Ventures and 5 more.
What was Consensys' valuation at the Series D round?
$7.00B post-money ($6.55B pre-money).
How does it compare with other Series D rounds in Tech Companies?
214 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 4.5 times the median.