ConsenSys, one of the leading Ethereum software companies, has announced that it has entered into a new round of funding of $450 million as part of its D round.

This brings the company’s total value to more than $7 billion.

This doubles ConsenSys’ valuation since it raised $200 million in Series C funding last November.

According to a press release from the company, the funding will be used to hire more than 600 new employees worldwide, and to help expand the broader Ethereum ecosystem even further.

Among the new investors who participated in this round:

Temasek, SoftBank, Microsoft, Anthos Capital, Sound Ventures, and C Ventures

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Previous investors also participated in the C funding round.

Proceeds from the round will be transferred to Ethereum, as part of the company’s Treasury strategy to balance its Ethereum and dollar holdings.

This is said to strengthen ConsenSys’ position ahead of Ethereum’s move to PoS this year.

ConsenSys is the group behind several widely used products supporting the Ethereum community and network applications, including API Infura and MetaMask.

The number of MetaMask wallet users recently reached more than 30 million monthly active users, a 42% increase in four months.

Joseph Lubin, CEO and founder of ConsenSys said:

The next funding round will encourage investors to contribute directly using ETH.

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