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ConsenSys Is Seeking $200 Million in New Funding: Report

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ConsenSys is seeking a funding boost.

Ethereum co-founder Joe Lubin’s Brooklyn-based venture studio is looking to raise $200 million from external investors, The Information reported Monday, at a valuation of $1 billion.

The Information reports that ConsenSys is pitching Chinese investors with materials claiming the company aims to earn $50 million in revenue this year, primarily from contracts with enterprise and government clients. Last December, the Brazilian National Social Development Bank confirmed to CoinDesk it was in talks with ConsenSys.

Stepping back, ConsenSys was previously supported by Lubin’s personal fortune and employed up to 1,200 people in 2018. When the ...

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