ConsenSys denies fundraising rumors

consensys
consensys

MetaMask crypto wallet developer ConsenSys has said it has sufficient funds to operate amid rumors of talks over a potential capital injection. The Block writes about it.

In an interview with the publication, four informed sources said that in recent weeks the company has met with several investors about raising funds.

In March 2022, ConsenSys announced a Series D funding round. At that time, the crypto wallet developer raised $450 million at a $7 billion valuation. The funds were provided by ParaFi Capital, Temasek, SoftBank Vision Fund 2, Microsoft and others.

A spokesman for ConsenSys told reporters that the firm doesn’t need the extra cash, but does consider “incoming investor interest” at times.

“ConsenSys is heavily capitalized and has shown strong results in all areas since the beginning of the year. Therefore, our existing shareholders do not intend to agree to any dilution on terms lower than those of Series D,” the source emphasized.

In November 2021, ConsenSys closed the investment round for $200 million. Then the company was valued at $3.2 billion.

Recall that at the beginning of 2023, the company confirmed the reduction of about 11% of the staff – the optimization affected 96 employees.

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