(Image via ConsenSys)
The size of the fund would make it instantly the largest venture fund in Brooklyn, multiples higher than seed funds Brooklyn Bridge Ventures and the Blue Seed Collective.
The fund will be led by Kavita Gupta, who has previously worked for the World Bank.
In a year that has seen the price of Ether, the token of the Ethereum blockchain that ConsenSys runs on and its founder Joseph Lubin helped create, rise from close to $0 to over $300, the growth of ConsenSys has been similarly explosive. The company’s jobs page has dozens of listings for positions here in Brooklyn but also in San Francisco, London and Dubai.
The announcement of the venture fund comes soon after the creation of the ConsenSys Academy, a coding program for young programmers to learn how to code on the blockchain, which could prove a useful labor funnel to future portfolio companies.
In January, we ranked ConsenSys at No. 5 on our list of top Brooklyn startups to watch for 2017. Good call by us.
3 reasons why Ethereal NY is more than a blockchain conference
Rockefeller money comes to Brooklyn for blockchain investing
How a biotech robotics startup founded in a community hackerspace by a leftist activist just raised $10 million
You can win up to $360,000 at the WeWork Creator Awards
3 ways blockchain technology could revolutionize the law
Funding news about Honcker
Explore how diverse teams build dynamic products with Dev Bootcamp
Sign-up for daily news updates from Technical.ly