Consensys Accelerates Blockchain Investment Portfolio, Consolidates Investment Arms

Coming off a quarter of strong investments, ConsenSys will integrate its Tachyon accelerator, venture production activities and VC arm to enhance future growth.

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ConsenSys, coming off the back of a massive 21 investments the firm has completed in 2019, is strengthening its strategic commitment to entrepreneurs solving critical infrastructure and scalability needs on the Ethereum blockchain, along with investments in other high-value, long-term market opportunities and is consolidating its multiple investment arms to better manage their portfolios. 

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“Our active investment in the ecosystem continues at pace,” said Joseph Lubin, ConsenSys founder and CEO. “We believe that supporting the leading founders across the ecosystem will accelerate growth and adoption of the technology, by addressing challenges in scalability, confidentiality, and liquidity, amongst other areas. While ConsenSys is focused on building and providing the tools, products, and platforms to enable the decentralized ecosystem, we are equally interested in supporting and co-creating potential breakthroughs and key capabilities with the leaders of tomorrow through equity investments.”

Since the start of 2019, ConsenSys has bolstered its portfolio with the following investments:

  • Apex:E3, data analytics platform for retail and institutional investors
  • Truffle Blockchain Group, suite of developer tools, testing frameworks, and environments
  • ErisX, platform providing access to digital asset spot and futures markets, backed by the world’s leading financial institutions
  • Adhara, liquidity management and international payments for decentralized financial networks
  • io, storing and sharing management for personal health data
  • Blok-Z, peer-to-peer energy trading platform
  • IBISA, risk-sharing service for small farmers using satellite assets
  • Glimpse, consumer identity protocol for data ownership
  • link, architecture for enabling secure and reliable AI and ML data
  • LawCoin, crowdfunding platform for litigation finance investment
  • Cypherock, storage solutions for digital assets and key management
  • cards, platform to distribute loyalty points or tokens
  • Sooho, automated smart contract auditing during development
  • LinkDrop, protocol for including digital assets in URL links
  • PDAX, digital asset investment platform for the Philippines and emerging markets
  • Ligero, protocol for secure multi-party computation and zero-knowledge proofs
  • Tenta, next-generation browser designed for privacy and security
  • Coinhouse, France-based asset platform for individual, corporate and institutional investors
  • Helena, prediction markets platform
  • Memewars, gaming dapp for earning crypto and digital collectibles
  • Paytrie, solution for accessing stablecoins

With the successful launch and graduation of numerous ConsenSys-incubated companies, ConsenSys is integrating ConsenSys Ventures, its Tachyon accelerator, and the ConsenSys Labs incubator under one investment arm.

“To continue to scale our investment activities, we need to consolidate systems and operations to improve our efficiency and portfolio management, while providing the best possible experience for founders in every phase of the company building lifecycle,” said Lubin. “As the market matures and grows, we are redesigning our investment activities to reflect our learnings and established best practices.”

“The quality of entrepreneurs we are seeing entering the space is continually increasing,” said Ron Garrett, managing partner of ConsenSys Labs. “We are at an incredibly exciting inflection point in our ecosystem; we are seeing many successful founders from the Web 2.0 era turning to Ethereum and choosing to partner with ConsenSys as they look to build their next ventures. ConsenSys is committed to pushing the limits of what venture capital means in an industry redefining decades-old investment norms.”

The current cohort of the Tachyon accelerator launched April 1st in Berlin and will culminate with a demo day on May 22nd in San Francisco.

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About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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