Informed sources: ConsenSys has recently communicated with potential investors regarding financing matters

2023-07-17 18:42:02
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According to ChainCatcher news, citing informed sources from The Block, MetaMask's parent company ConsenSys has held talks with potential investors in recent weeks. A ConsenSys spokesperson stated that while the startup sometimes considers "adding investors," it still has a substantial amount of cash and does not need new funding.

Additionally, two individuals familiar with the recent ConsenSys financing indicated that a new round of funding might lower the valuation, but the ConsenSys spokesperson stated that existing shareholders would not accept equity dilution below the D round financing valuation, and any claims suggesting that ConsenSys would lower its valuation are inaccurate. Furthermore, the ConsenSys spokesperson mentioned that ConsenSys has been using its own funds to buy back shares.

According to the crypto data platform RootData, on March 15, 2022, ConsenSys completed a $450 million D round financing at a valuation of $7 billion. (Source link)

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