ConsenSys to create more jobs in Dublin after $65m fundraise Blockchain tech company secures backing from JP Morgan, UBS and Mastercard
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Blockchain technology company ConsenSys intends to increase headcount in Dublin after raising $65 million (€54.3 million) from backers that include JP Morgan, UBS Group and Mastercard.
Founded in 2014 by Joe Lubin, one of the co-founders of Ethereum, ConsenSys has had a presence locally since 2018.
Ethereum is a community-run technology powering ether (ETH), the world’s most popular cryptocurrency after bitcoin, as well as thousands of decentralised applications.
ConsenSys said it currently has 50 roles open for Dublin with plans for a further 50 later this year.
ConsenSys raises $65M from JP Morgan, Mastercard, UBS to build infrastructure for DeFi
ConsenSys, a key player in crypto and a major proponent of the Ethereum blockchain, has raised a $65 million funding round from J.P. Morgan, Mastercard and UBS AG, as well as major blockchain companies Protocol Labs, the Maker Foundation, Fenbushi, The LAO and Alameda Research. Additional investors include CMT Digital and the Greater Bay Area Homeland Development Fund. As well as fiat, several funds invested with Ethereum-based stablecoins, DAI and USDC, as consideration.
Sources told TechCrunch that this is an unpriced round because of the valuation risk, and the funding instrument is “full”, so the round is being closed now.
Blockchain technology firm ConsenSys said on Tuesday it had raised $65 million from major banks and financial services firms including J.P. Morgan, Mastercard Inc and UBS Group AG to fund its growth and global expansion.