Wednesday, May 04, 2022

Decrypt raises $10m and goes independent

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.

SourcePress release

Deal size: $10/50m

Country: US

Status: Official

No comments:

Post a Comment

For now, we're opening this blog to Anonymous comments. This will continue as long as civility rules. Disagree as you may, just keep it clean and stay on topic. No profanity, and no name calling. We reserve the right to moderate such comments, though the person who made it may come back and reword their message in a more civil way.