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Decrypt Raises $10 Million After ConsenSys Mesh Spin-Out

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Decrypt, a crypto media firm previously owned by blockchain incubator ‘ConsenSys Mesh’, has raised $10 million at a $50 million valuation.

The new funding and separation from ConsenSys Mesh is a result of Decrypt’s goal to become a "truly independent news organisation”. The round saw participation from 22 organisations which include venture capital firms Canvas Ventures, Hack.vc, Hashkey Capital, IOSG Group Limited, SKH Group and XBTO Humla Ventures, as well as a group of angel investors, strategic partners and DAOs like Global Coin Research DAO and Honey DAO.

According to Decrypt CEO and co-founder Josh Quittner,

"It's an extremely tribal world of crypto (...) Being actually independent is very different than knowing we are 100% paid for by ConsenSys (Mesh)."


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