Share this article
Ethereum Startup ConsenSys Launches $50 Million Blockchain Fund
ConsenSys, the ethereum-based blockchain development firm, has announced a $50 million venture capital fund for startups working with the technology.
Updated Sep 13, 2021, 6:54 a.m. Published Sep 7, 2017, 2:45 p.m.
Ethereum startup and incubator ConsenSys has announced a $50 million venture fund for startups working with blockchain technology.
Named ConsenSys Ventures, the new fund is being led by investment specialist Kavita Gupta. Explaining the fund to Axios, Gupta stated that initial coin offerings (ICOs), the blockchain funding method that has swept the investment landscape this year, still have a lot to learn from traditional venture capital.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
According to CoinDesk data, by June 2017, ICOs had surpassed early-stage VC funding.
Yet, despite the impressive figures, Gupta stated:
"There is still value to due diligence and even if two PhD kids have sold tokens based on a brilliant white paper, they still have to figure out how to deliver a company. That's not necessarily something they have experience doing."
Gupta, who won the UN Social Finance Innovator Award of the year 2015, is particularly interested in blockchain projects with social and environmental inclinations.
The investment expert told Impact Alpha that he believes blockchain is the solution to nearly all of the sustainable development goals adopted by the UN.
Cash image vis Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
