ConsenSys Seeks $200 Million From Outside Investors
ConsenSys, a New York-based blockchain company is reportedly seeking investors to raise $200 million.
According to sources, ConsenSys is trying to attract outside investors to raise $200 million. The company’s executives reportedly talked to investors in Hong Kong and South Korea.
The Information cited fundraising documents, revealing that ConsenSys closed 2018 with just $21 million in revenue coming mostly from its enterprise consulting business. According to the documents, ConsenSys is planning its revenue to be more than $50 million in 2019, with around $40 million coming from its services business.
The documents reveal that ConsenSys has a considerable share in blockchain companies that it has incubated. ConsenSys has reportedly been seeking a valuation of at least $1 billion, which The Information reports is too high, given the company’s revenue and investors.