ConsenSys denies reports it is seeking funding.

The company behind the cryptocurrency wallet MetaMask — ConsenSys — said it has sufficient funds to continue operating amid rumours of talks over a potential capital infusion. The Block reports.

Four informed sources told The Block in discussions that in recent weeks the company had met with several investors regarding fundraising.

In March 2022, ConsenSys announced a Series D funding round. The wallet developer raised $450 million at a $7 billion valuation. The funds were provided by ParaFi Capital, Temasek, SoftBank Vision Fund 2, Microsoft and others.

A ConsenSys spokesman told reporters that the firm does not need additional money, but it sometimes considers \”incoming investor interest\”.

“ConsenSys has a high market capitalization and has been delivering strong results across all areas since the start of the year. Therefore our existing shareholders are not prepared to agree to any dilution on terms below those of the Series D,” the interlocutor said.

In November 2021, ConsenSys closed an investment round at $200 million. The company was valued at $3.2 billion at the time.

Earlier in 2023, the company confirmed a reduction of about 11% of its staff, affecting 96 employees.