Consensys Sucessfully Raised $65 Million In The Latest Funding Round

Brooklyn-based ConsenSys, the known incubator of Ethereum-based projects has succesfully raised $65 Million in the recent funding round.

Leading the funding round is JP Morgan, the developer of Quorum which is now acquired by Consensys.

Other notable investors included in the funding round are FTX owner Alameda Research, Protocol Labs, Fenbushi, the Maker Foundation, The LAO and Liberty City Ventures.

Also in the latest funding round are  The Greater Bay Area Homeland Development Fund, Quotidian Ventures, CMT Digital, SNZ Holding and NGC Ventures.

UBS and Mastercard also took part in Tuesday’s $65 million funding round as part of their investments in the blockchain space.

Joseph Lubin, Founder of ConsenSys, Co-founder, Ethereum, commented,

“When we set out to raise a round, it was important to us to patiently construct a diverse cap table, consistent with our belief that similar to how the web developed, the whole economy would join the revolutionaries on a next generation protocol. ConsenSys’ software stack represents access to a new automated objective trust foundation enabled by decentralized protocols like Ethereum”.

This new funding will essentially help boosts the rising interest on the Defi sector which is mostly run on the Ethereum blockchain.

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