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Microsoft and SoftBank invest in ConsenSys

On March 15, ConsenSys announced that the company had raised $450 million in a Series D fundraising round, increasing its overall value to $7 billion.

Microsoft was one of the fundraiser’s investors, donating an undisclosed sum. It is unclear if Microsoft will gain from its investment in ConsenSys, as the two companies have partnered before.

Microsoft partnered with ConsenSys in 2015 to provide new capabilities via its Azure blockchain-as-a-service platform. When Microsoft retired Azure in 2021, users were referred to ConsenSys’ Quorum service. In 2016, the two companies also collaborated on blockchain ID development (along with another firm Blockstack).

Microsoft is one of the companies that contributed to ConsenSys’ most recent funding round. SoftBank, the Singaporean state holding firm Temasek, and the venture capital fund ParaFi Capital are among the other contributors.

The fundraiser was also attended by Anthos Capital, Sound Ventures, C Ventures, Third Point, Marshall Wace, TRUE Capital Management, and United Talent Agency.

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Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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