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Microsoft Dives into Web3 with Investment Start-Up ConsenSys

microsoft web3 consensys
  • March 21, 2022
  • Insights, Investments - M&A

ConsenSys, a blockchain startup, recently raised $450M in funding led by ParaFi Capital, with additional participation from Microsoft, SoftBank, and Temasek. The funding doubles the company’s previous valuation; ConsenSys is now valued at $7B. This new round and valuation come at a time when tech giants are increasingly interested in Web3. Web3 focuses on utilizing blockchain technology to de-platform the internet.

Microsoft Dives into Web3 with Investment in Ethereum Co-Founder’s Start-Up ConsenSys

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