San Francisco, CA. 17th January 2019 – ConsenSys Ventures announced today its investment in two Ethereum-based blockchain startups. ConsenSys Ventures is the Venture Capital arm of ConsenSys, investing in pre-seed and seed stage Ethereum blockchain projects up and down the Web 3.0 stack.
ConsenSys Ventures has invested $1 million in Coinhouse, the popular France-based cryptoassets investment platform. ConsenSys Ventures led the $2.8 million (EUR 2.4 million) series A round with additional funding from Digital Currency Group, XAnge Siparex Innovation, BTU Protocol Ecosystem Fund, Ledger co-founders Eric Larcheveque and Thomas France, and others.
ConsenSys Ventures also announced an investment in Seattle-based Tenta, an encrypted, privacy-enabled, Ethereum-enabled crypto browser, powered by a secure network and trust protocol. Tenta is ConsenSys’ first formal investment in a crypto-friendly browser built for Web 2.0 and Web 3.0. Tenta is partnering with ConsenSys projects such as Metamask to enable dApp support, and this investment is a step towards strengthening ties for interoperability and deeper collaborations with key Ethereum ecosystem projects.
Joseph Lubin, Co-Founder of Ethereum and Founder of ConsenSys states: “Tenta and ConsenSys share the same values as we build towards a more secure internet that protects consumer data rather than exploiting user’s personal identity information and behaviors. As we continue to reimagine an internet driven by alternatives to advertising-based businesses models or advertising mechanisms that respect the user, Tenta will be a core aspect of consumers’ Web 3.0 experience.”
ConsenSys Ventures will continue to bolster its portfolio through its pre-seed accelerator, Tachyon, which graduated 16 startups from its first cohort, the majority of which have gone on to receive additional VC funding. Applications for Tachyon’s second cohort are open until 15th January and programming will kick off in April in Berlin and continue in San Francisco in May.
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