ConsenSys is seeking $200 million in external investment

According to The Information, ConsenSys, a venture capital firm of Ethereum co-founder Joe Lubin, is seeking to raise $200 million from outside investors, which is valued at $1 billion. According to reports, ConsenSys is releasing materials to Chinese investors, claiming that the company expects revenue of $50 million this year, mainly from contracts with corporate and government customers. According to the report, ConsenSys received only $21 million in revenue in 2018. It is unclear how this revenue relates to the startups of ConsenSys. Many sources told CoinDesk that some projects are seeking to raise funds as independent start-ups. In response, a ConsenSys spokesperson declined to comment.