S&C Advises ConsenSys in $450 Million Series D FinancingMarch 29, 2022
ConsenSys Software completed a $450 million Series D financing round which increased the company's valuation to over $7 billion, up from $3.2 billion at the time of its Series C round in November. The round was led by ParaFi Capital and included, among others, SoftBank, Third Point, Marshall Wacem True Capital Management, Temasek, Microsoft, Anthos Capital, United Technology Agency, Sound Ventures and C Ventures.
ConsenSys is a leading software company for Ethereum, the largest programmable blockchain in the world. In addition to representing the company in its Series C and D fundraises, S&C advised on the formation of ConsenSys Software in August 2020.
The S&C team that advised ConsenSys included Rebecca Simmons, Matt Hurd, Lee Parnes, Yaqi Han and Travis Lesch. Jeff Hochberg advised on tax matters. Jeannette Bander advised on compensation and benefits matters. Nader Mousavi and Jay Thornton advised on intellectual property matters. Eric Kadel advised on CFIUS matters.