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The Venture Codex

ConsenSys Ventures

5049 Edwards Ranch Road, Fort Worth, TX, 76109, United States

Overview

Founded in 2015 by Ethereum co-founder Joseph Lubin, MESH has four core components: investment, incubation, research & development, and acceleration. We identify bold founders and innovative technologies that can help bring the future of Web 3.0 into high definition. We channel ambitions, accelerate the path to breakthroughs, and create value. Now investing through TachyonX.

Total investments
7
Lead investments
0
Investments · 12mo
1
Active investors
0

Sector focus

  • Venture Capital
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Investment portfolio

  • Yellow

    Participated · Seed · Oct 2025

    Fere AI's core product is an agent that runs continuously and refines its own trading strategy over time using market feedback. The company positions the system as 'self-improving,' enabling users with limited trading experience to rely on automated adaptation rather than manual updates. Fere frames its mission as bringing tools previously reserved for institutional trading desks to retail participants. The startup confirmed a $1.3 million seed raise to advance development but did not disclose a launch timeline, revenue, users, or other operating metrics. It also did not disclose investor identities, a valuation, or prior financing in the announcement. The company highlighted the broader trend of AI agents in crypto and competing product moves by established exchanges, and stated no token has been announced.

  • Juno

    Participated · Series A · Oct 2022

    Juno provides checking accounts tailored for crypto users, enabling customers to take paychecks in digital tokens and spend crypto or cash via a Mastercard-powered debit card. The platform integrates with popular U.S. payroll systems, offers bill payments, and provides zero-fee onramps from checking accounts to Layer 2 networks such as Polygon, Arbitrum, and Optimism. Juno also automates tax reporting through form 1099 for customers, reducing manual transaction and gains calculations. The startup has amassed over 75,000 U.S. customers and reported $1 billion in annualized transaction volume processing. Juno is launching an optional tokenized loyalty program (an ERC-20 called JCOIN) and has generated a 150 million token snapshot for eligible customers. Founders, employees, and investors are not taking token allocations to avoid conflicts of interest. The founding team previously worked on Nuo protocol and positioned the product with compliance at its core to onboard users to web3 via a familiar checking-account interface. Juno is a digital banking platform built on top of Ethereum that relies on the Nuo lending protocol and will offer smart-contract wallets paying 5.5% annual interest on USDC. The flagship product has no fees and includes a Venmo-style peer-to-peer payment option. Juno plans an initial launch in the U.S., Europe, Singapore and Japan and will partner with online money transmitters for on-ramps, with potential future bank partnerships for debit cards and free cross-border payments. The platform says it will fund yields from interest earned on short-term crypto-collateralized loans and margin-trading loans originated through Nuo. Deposits will be insured by a price-volatility insurance fund under development by Nuo as well as smart-contract insurance. Nuo currently reports $25 million in deposits and $20 million in loans disbursed, which the team will leverage as they roll out Juno.

  • BlockFi

    Participated · Series A · Aug 2019

    BlockFi is a crypto financial-services firm that operates a platform holding client balances across account types. Amid a broad decline in crypto markets, BlockFi signed a term sheet for a $250 million revolving credit facility from FTX to backstop the firm and stabilize its balance sheet. CEO Zac Prince said the facility is intended to be contractually subordinated to all client balances and will bolster the firm's balance sheet and platform strength. FTX CEO Sam Bankman‑Fried said the partnership is meant to help BlockFi "navigate the market from a position of strength" and emphasized protecting customer assets. The term sheet is contingent on execution of definitive documents, which both companies expect to complete in the coming days. Company statements said operations remain normal and the funding should remove concerns about BlockFi's ability to service clients and temper worries about crypto contagion. BlockFi’s core product includes the BlockFi Interest Account (BIA), which promises high interest payouts to crypto depositors and had amassed over $15 billion in assets by March 31. The company is pursuing plans to go public, with investor materials indicating a 12-to-18-month timeline for an IPO. BlockFi is nearing a $500 million Series E that documents show is expected to close on July 27 and to leave the firm with a $4.75 billion post-money valuation. The Series E is being led by Hedosophia and Third Point LLC, with participation from Coinbase Ventures, Tiger Global and Bain Capital. At the same time, state regulators in Texas, Alabama and New Jersey have alleged the BIA is an unregistered security, prompting notices and deadlines that could affect onboarding and product operations. BlockFi’s leadership says it is engaging with regulators and believes the BIA is lawful while it continues to pursue growth and public-market plans. BlockFi offers a retail and institutional-facing suite of products that let users earn yield on crypto (6% on Bitcoin, 8.6% on stablecoins), buy and sell digital assets, and obtain low-cost loans secured by crypto holdings. The company also provides lending and trade execution services to institutions participating in digital-asset markets. BlockFi has seen rapid growth in users and assets: it now has 265,000 funded retail clients, over 200 institutional clients, and has lent over $10 billion. Assets on the platform rose to $15 billion (from $1 billion the prior March), while monthly revenue increased to over $50 million (up from $1.5 million a year prior). Headcount expanded to about 530 employees and the company reports a 0% loss rate across its lending portfolio since inception. BlockFi plans to launch a Bitcoin Rewards Credit Card, expand its product suite and global retail support (Europe, APAC, LatAm), pursue strategic acquisitions, and double headcount by year’s end. BlockFi is a cryptocurrency lender and financial services company based in Jersey City, NJ. It offers USD loans backed by crypto, interest-earning accounts, trading, and released iOS and Android mobile apps. The company is expanding into new business lines including an upcoming bitcoin rewards-based credit card and support for additional assets and currencies. BlockFi services clients worldwide and in all U.S. states, and has seen particularly strong growth in Asian markets aided by strategic partnerships. It reported more than $1.5B in assets on the platform and a 0% loss rate across its lending portfolio since inception. The firm has bolstered its leadership with hires including a Chief Growth Officer, Chief Security Officer, General Counsel, and a Europe/APAC Managing Director. BlockFi offers a suite of crypto financial products that seamlessly interact with one another. Its products include crypto-based interest accounts providing up to an 8.6% annual percentage yield on Bitcoin, Ether and stablecoins, crypto-backed loans allowing liquidity up to 50% of an asset's value, and zero-fee trading. The company reports more than $650M in assets on the platform and a 0% loss rate across its entire loan portfolio since it began lending in January 2018. BlockFi grew revenue more than 20x in 2019. On the institutional side it services over 50 reputable institutional clients and plans to open a Singapore office in the first half of 2020 to better serve Asia Pacific clients. Proceeds from the raise will be used to grow the team and expand offerings to mainstream users, starting with a mobile app in the coming months.

  • Sorare

    Participated · Seed · May 2019

    Sorare has built a fantasy football (soccer) platform where each digital player card is a unique NFT registered on the Ethereum blockchain. Players buy, sell and trade cards and can manage squads that earn points based on real-life performances. The company has signed partnerships with 180 football organizations, including Real Madrid, Liverpool and Juventus, creating a significant competitive barrier to entry. Sorare generates revenue by issuing new cards on the platform; it does not currently take a cut on player-to-player transactions. Trading volume is material: $150 million worth of cards have been traded since January, and sales grew 51x between Q2 2020 and Q2 2021. The platform reports 600,000 registered users and 150,000 users who buy a card or compose a team each month, and plans include expanding to new sports, opening a U.S. office, hiring, and increased marketing and partnership activity. Sorare offers a fantasy football experience built on tradable digital cards backed by the Ethereum blockchain to create digital scarcity via non-fungible tokens. Users manage favorite players, enter collective fantasy contests, and can transfer cards across games thanks to blockchain-backed portability. The company has launched digital cards with more than 120 football clubs, including Liverpool, Paris Saint-Germain, Bayern Munich, Real Madrid and Juventus. Sorare was founded in 2018 and is led by CEO Nicolas Julia. It is already profitable and has seen 52% month-on-month growth over the past 12 months, with card trading volume rising from €50K in January 2020 to €3.5M in January 2021 across 120 countries. The company plans to use the new funding to grow its community, accelerate hiring and launch a mobile application. Sorare operates a fantasy-football platform where managers buy, trade and play with licensed digital player cards issued in limited editions via blockchain. Launched in December 2019 and based in Paris, the product combines football fantasy mechanics with collectible digital cards and club licensing. In its first year Sorare onboarded more than 100 clubs across 10 countries, including Bayern Munich, Porto, Paris Saint-Germain and Juventus. By November 2020 the platform had attracted over 55,000 users and recorded a sales volume of more than €1.2 million. The company positions itself as a new revenue stream and deeper fan engagement channel for clubs and plans to expand agreements with leagues, clubs and players. Founders Nicolas Julia and Adrien Montfort have attracted venture investors such as Partech and Cassius and active-player investors including André Schürrle and Gerard Piqué. Sorare is a Paris-based fantasy football platform that uses blockchain to enable trading of officially licensed digital player cards. The platform runs on the Ethereum blockchain to record card ownership and secure digital scarcity. Users buy and sell cards ranked by real-match performance in an online marketplace. The company reported revenue growth from $30,000 in December 2019 to $350,000 in June 2020 and has sold over $1 million worth of cards across 50 countries; it is already profitable. Over 90 clubs, including Juventus, Atletico, and Olympique Lyonnais, have partnered with Sorare, and the company plans to finalize licensing deals with five leagues and 150 clubs by year-end. The new funding will be used to scale the team to meet rapid growth. Sorare is a crypto-based football card trading and gaming platform that lets users collect player cards, trade them, and play in a gaming arena. The platform uses Ethereum standards to ensure each player card cannot be copied, securing digital scarcity. Sorare has launched a private beta which has recorded several thousands of auctions. The startup signed a licensing partnership with the Belgian professional football league Pro League, becoming the first licensed company to distribute cryptocards of football players. Sorare completed a pre-seed financing of over €500k and intends to use the funds to hire designers and engineers. The company plans to launch a public version before the end of 2019 and expects to close additional partnerships with major professional football leagues.

  • Unlock

    Participated · Seed · Jul 2018

    Unlock is an open-source protocol built on Ethereum that enables creators to monetize and manage community memberships via NFTs. Its tools include a WordPress plug-in for adding membership/subscription options and a community-created Shopify plug-in for Unlock-based purchases. The protocol is used by artists, musicians, game developers (including Decentraland), writers, Discord communities and others. Unlock says it plans partnerships with major media brands that are adopting its protocol. Julien Genestoux, Unlock’s CEO, said the new funding will help the company grow into a more complete open-source platform for creator memberships. The company was founded in 2018 and records transactions on the Ethereum blockchain. Unlock provides a protocol authors can implement via a JavaScript snippet to add "locks" (smart contracts) to their content and sell access "keys" (tokens). Creators control key economics — price, expiry and other settings — and keys are tradable, enabling a secondary market and delayed-access resale. The protocol includes referral incentives that let supporters reclaim some value when others buy keys on their recommendation. Unlock has published its protocol code on GitHub and recently hired its first employee, Ben Werdmuller. Founder Julien Genestoux envisions Unlock as a future syndication layer for the web, restoring a more decentralized feed model. The New York–based company has secured external capital to accelerate development, having raised $1.675 million in pre-seed funding.

Team

No current team members are available.