To anyone wondering if the months-long crypto slump that tanked token prices is holding back investments in blockchain startups, ConsenSys’s whopping $450 million Series D fundraising, at a $7 billion post-money valuation, provides a partial answer.
The New York company more than doubled its valuation since its previous funding round in November, when it raised money at a $3.2 billion post-money valuation. During that same time period, the market cap of Ethereum, the native token on which ConsenSys bases its suite of blockchain products, has fallen approximately 35%.
