The venture division of ConsenSys announces new investments in the Coinhouse and Tenta crypto projects.
The head of ConsensSys Ventures Kavita Gupta stated on Twitter:
"Excited to announce ConsenSysVC 2 new investments Coinhouseu and tentabrowser."
According to the company, it is going to invest $1 million in the Coinhouse trading platform, while another investment will be allocated for the Tenta browser project. However, the company did not unveil the amount of the second investment.
Coinhouse is located in Paris and has more than 150,000 active user accounts. The company CEO, Nicolas Louvet, is said to be among the early investors of the hardware wallets provider Ledger with the current board position there.
Another start-up is Tenta, a browser equipped with a built-in VPN, ad blocker, and a full data encryption option. As the available data showed, the browser was downloaded almost 62,000 times. At present, the development team is reportedly in talks with MetaMask targeting crypto wallets integration.
For reference, the investment division of ConsenSys appeared in September 2017 with the initial capital near $50 million. The major business goal is to improve the Ethereum ecosystem.
Earlier, ConsensSys Ventures provided financial support to such large projects as ErisX, Bitmain, Fidelity Investments, Nasdaq Ventures, and Monex Group Inc.
A company spokesperson added that they want to focus on the funding for the companies that deal with infrastructure, privacy, and network effects.