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Microsoft, Temasek Invest in ConsenSys at $7 Billion Valuation

  • Valuation has more than doubled from $3.2 billion in November
  • Ethereum co-founder Lubin says fundraising “relatively easy”
Joseph Lubin

Joseph Lubin

Photographer: Joe Buglewicz/Bloomberg

Microsoft Corp., Temasek Holdings Pte and SoftBank Group Corp. invested in Ethereum co-founder Joseph Lubin’s blockchain-technology company ConsenSys Inc. at a $7 billion valuation, more than twice what it was valued at in November. 

ConsenSys raised $450 million from the three giants and existing backers including Dan Loeb’s Third Point in a Series D funding round, according to an emailed statement Tuesday. SoftBank invested through its Vision Fund 2. The valuation jumped from $3.2 billion in ConsenSys’s previous round.