By William Turvill
Cryptocurrency news outlet Decrypt has raised $10m and been spun out of Consensys Mesh, a business incubator, to become an independent media company.
Decrypt said the deal, which involves 22 investors, gives the company a value of $50m.
The media firm was founded in 2018 inside the Consensys Mesh incubator programme. Today, Decrypt says it has 5m average monthly unique users and 25 full-time employees.
Source: Press release
Deal size: $10/50m
Country: US
Status: Official
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