This Consensys company profile covers the company's valuation, revenue, funding rounds, investors and history. Consensys works in crypto, with a focus on ethereum software and wallets. It was founded in 2014 and is headquartered in New York, United States. Its latest valuation on record is US$7 billion (March 2022). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.
Revenue
Funding history
| Date | Round | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Mar 2022 | Series D | US$450M | US$7B | ParaFi Capital (lead) | Decrypt |
Consensys timeline
Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.
- 2014 — Consensys is founded in New York by Joseph Lubin.
- Mar 2022 — Series D: US$450M, valuing the company at US$7B. Investors: ParaFi Capital (lead).
Investors
Overview
Consensys is a software company built around Ethereum, the second-largest blockchain network by market value. It is best known for MetaMask, one of the most widely used self-custody crypto wallets, and for Infura, a service that lets developers connect their applications to Ethereum without running their own network nodes. It also develops Linea, an Ethereum "layer 2" network designed to make transactions faster and cheaper. Together these products put Consensys at the centre of how millions of people and thousands of developers interact with Ethereum.
The company was founded in 2014 by Joseph Lubin, one of Ethereum's co-founders. Its last priced funding round was a US$450 million Series D in 2022 led by ParaFi Capital at a US$7 billion valuation. In 2025 and 2026 Consensys was reported to be preparing for an initial public offering, having engaged JPMorgan and Goldman Sachs, according to Decrypt, which cited Axios. The same report noted that the US Securities and Exchange Commission had moved to drop its lawsuit against Consensys over MetaMask's staking features, removing a major legal overhang. Later reports said the IPO timing had been pushed back because of weak crypto markets. No listing had taken place at the time of writing.
Products
- MetaMask: a browser extension and mobile wallet that lets users hold tokens, swap assets, buy crypto, stake and connect to decentralised applications. It has added support for networks beyond Ethereum.
- Infura: node infrastructure that gives developers reliable access to Ethereum and other networks through an API.
- Linea: a zero-knowledge rollup network that processes transactions off the main Ethereum chain and posts proofs back to it.
- Developer tools: software for testing, deploying and securing smart contracts, some of which came from earlier Consensys projects.
- Staking services: tools for users and institutions to stake ether and earn network rewards.
Funding
Consensys spent its early years as a venture studio funded largely by its founder, incubating dozens of Ethereum projects. In 2020 it restructured into a more focused software company, selling some units and concentrating on MetaMask and Infura. It then raised external capital at a rapid pace during the 2021 crypto boom. The 2022 Series D of US$450 million, led by ParaFi Capital, valued Consensys at US$7 billion, roughly double its valuation from a few months earlier. Investors over its history have included Temasek, SoftBank Vision Fund 2, Microsoft and J.P. Morgan.
Business model
MetaMask is free to download, but Consensys earns fees when users swap tokens, bridge assets between networks or buy crypto through the wallet's integrated services. Infura charges developers subscription fees based on usage, with a free tier for smaller projects. Linea and staking create further revenue opportunities linked to network activity. Because much of its revenue depends on transaction volumes, Consensys's results rise and fall with crypto market activity, which is one reason IPO timing is sensitive to market conditions.
Competition
In wallets, MetaMask competes with Phantom, which began on Solana and expanded to Ethereum and Bitcoin, as well as Coinbase Wallet, Rabby, Trust Wallet and hardware wallets from Ledger. In infrastructure, Infura competes with Alchemy, QuickNode and cloud providers. Linea competes with many other layer 2 networks, including Arbitrum, Optimism, Base and zkSync. Consensys's advantage is MetaMask's large installed base and long association with Ethereum.
Consensys at a glance
Consensys is an Ethereum software company founded in 2014 by Ethereum co-founder Joseph Lubin. It makes the MetaMask wallet, the Infura developer platform and the Linea layer 2 network. It raised a US$450 million Series D led by ParaFi Capital at a US$7 billion valuation in 2022 and has been preparing for a possible IPO with JPMorgan and Goldman Sachs.
Timeline
- 2014: founded by Joseph Lubin as an Ethereum venture studio.
- 2016: MetaMask begins as a browser extension.
- 2020: restructures to focus on core software products.
- 2021: raises growth funding as MetaMask usage surges.
- March 2022: raises US$450 million at US$7 billion, led by ParaFi Capital.
- 2023: launches the Linea network.
- 2025: SEC moves to drop its MetaMask staking lawsuit; IPO preparations reported.
- 2026: IPO timing reported as delayed amid weak crypto markets.
What a self-custody wallet does
A self-custody wallet lets users control their own private keys, the secret codes that prove ownership of crypto. Unlike an exchange account, where the exchange holds assets on the user's behalf, a self-custody wallet means nobody else can freeze or move the funds. This gives users direct access to decentralised finance, NFTs and other on-chain applications. It also places responsibility on the user: if they lose their recovery phrase, their funds may be lost permanently, and if they approve a malicious transaction, there is no customer service team to reverse it. Wallet makers compete on security features, such as transaction simulations and warnings about suspicious sites, as much as on convenience.
Why node infrastructure matters
Every application that reads or writes data on a blockchain needs to communicate with a node, a computer running the network's software. Running reliable nodes across many networks is expensive and technical. Infura and similar providers do this work for developers and charge for access. Many popular applications and wallets rely on these providers, which makes them important but also raises concerns about centralisation: if a major provider has an outage, many applications can stop working at once.
Layer 2 networks
Ethereum's main network is secure but can be slow and expensive when busy. Layer 2 networks process transactions separately and post compressed data or cryptographic proofs back to Ethereum, inheriting much of its security while lowering costs. Linea uses zero-knowledge proofs. The layer 2 market is crowded, and success depends on attracting users, developers and liquidity. Consensys can promote Linea through MetaMask, which gives it a distribution advantage.
Regulation and legal history
Consensys has been involved in significant legal disputes with US regulators over whether parts of the crypto industry fall under securities laws. The SEC sued the company in 2024 over MetaMask's staking and swap features. Consensys, in turn, sued the SEC over its approach to Ethereum. The regulator's decision to move to dismiss its case, reported in 2025, reflected a broader shift in US crypto policy. Clearer rules make an IPO more feasible, because public company investors and auditors need confidence about legal risks.
Who funds Consensys
Consensys's investors include ParaFi Capital, which led its Series D, along with Temasek, SoftBank Vision Fund 2, Microsoft and J.P. Morgan.
Valuation context
The US$7 billion valuation was set near the peak of the 2021–2022 crypto boom. Since then, crypto prices fell sharply, recovered and fluctuated again. Listed crypto companies trade at valuations closely tied to market sentiment. An IPO would establish a fresh public price, which could be above or below the 2022 mark. Our guide to the largest private crypto companies compares Consensys with peers, and our upcoming tech IPOs guide tracks listing plans.
Risks
- Market dependence: swap and transaction fees fall when crypto activity slows.
- Wallet competition: rivals such as Phantom, Coinbase Wallet and Rabby compete for the same users.
- Security incidents: scams and phishing targeting wallet users can damage trust.
- Regulation: rules on staking, swaps and token listings continue to evolve worldwide.
- Dated valuation: the last priced round dates from 2022.
Questions for buyers and developers
- Which networks and tokens does MetaMask support today?
- What uptime and rate limits does Infura offer for production applications?
- How do swap fees compare with alternative routes?
- What security features protect users from malicious approvals?
How MetaMask fits into a typical user journey
A new user might buy crypto on an exchange, then move it to MetaMask to use a decentralised application. In the wallet, they can swap one token for another, with MetaMask comparing prices from several decentralised exchanges and charging a small fee. They might then connect the wallet to a lending protocol or a game, approving transactions in a pop-up window. Behind the scenes, the wallet relies on node infrastructure, often Infura, to read balances and broadcast transactions. If the user wants cheaper transactions, they might bridge funds to a layer 2 network such as Linea. Each step creates a potential revenue opportunity for Consensys, which is why the company is structured around an interconnected set of products rather than a single tool.
This integrated approach is also how Consensys hopes to stay relevant as crypto becomes more mainstream. If banks, payment companies and consumer apps add crypto features, they may need wallets, node access and scaling networks. Consensys can offer all three, although each product faces strong specialised competitors.
What to watch
Watch for a confidential or public IPO filing, MetaMask user growth, adoption of Linea, and how US crypto rules develop.
Takeaways
Developers rely on Consensys products for wallet connectivity and node access. Founders can see how a venture studio can evolve into a focused software company. Investors should watch IPO timing and whether a public price confirms or resets the 2022 valuation.
Sources
Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.
Frequently asked questions
What does Consensys do?
Consensys is a crypto / ethereum software and wallets company headquartered in New York, United States. It was founded in 2014.
What is Consensys's valuation?
Consensys was valued at US$7 billion as of March 2022, according to Decrypt. Private company valuations are set at funding rounds or share sales and can change significantly between them.
How much revenue does Consensys make?
Consensys is a private company and has not publicly disclosed its revenue. Figures on third-party sites are usually modelled estimates rather than numbers reported by the company.
What was Consensys's latest funding round?
The most recent financing we have verified is a series d in Mar 2022: US$450M, at a valuation of US$7B. Source: Decrypt.
Who are Consensys's investors?
Investors named in public announcements include ParaFi Capital, Temasek, SoftBank Vision Fund 2, Microsoft and J.P. Morgan.
Who founded Consensys?
Consensys was founded in 2014 by Joseph Lubin.
Is Consensys a public company?
No. Consensys is a private company (private, venture backed), so its shares are not traded on a stock exchange and it isn't required to publish its financial results.
Where is Consensys headquartered?
Consensys is headquartered in New York, United States.