Bitcoin
$63,785.46+0.77%
Ethereum
$3,089.99-0.15%
Binance Coin
$539.65-2.32%
Solana
$136.66-0.96%
XRP
$0.49745705+0.23%
Dogecoin
$0.15726157-2.78%
Toncoin
$6.36-2.93%
Cardano
$0.46062823+0.09%
Shiba Inu
$0.00002283+4.35%
Avalanche
$35.02-0.37%
Wrapped Bitcoin
$63,858.03+0.76%
Tron
$0.11250421+0.94%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus 2024Price Increase Extension Ends In
03
DAYS
20
HR
16
MIN
11
SEC
Tech

Blockchain Firm Figment Raises $2.5M in Funding Round Led by Bonfire Ventures

Figment said the latest round will enable it to continue developing its blockchain staking, governance and developer tools.

By Sebastian Sinclair
AccessTimeIconOct 29, 2020 at 1:06 p.m. UTC
Updated Sep 14, 2021 at 10:25 a.m. UTC
Ethereum's London hard fork will burn ether to reduce supply.

Ethereum's London hard fork will burn ether to reduce supply.

10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Canada-based blockchain infrastructure provider Figment has completed another multi-million dollar funding round.

  • Announced Thursday, the startup said it raised $2.5 million in an additional funding round led by Bonfire Ventures with participation from FJ Labs, XDL Capital Group, and BKCM, Lemniscap among others.
  • "This new round of capital will enable Figment to continue to invest in our best-in-class blockchain staking, governance, and developer tools," Figment's CEO Lorien Gabel said in a statement.
  • The funding follows a pre-seed round of $1 million in 2018 and a seed round in 2019 bringing in $1.5 million, also with participation from Bonfire, XDL, Lemniscap, and FJ Labs.
  • Gabel said the company believes in an internet where people control and profit from their own data, rather than "large data monopolies and governments" – an objective Figment is working to achieve.
  • The company provides infrastructure and tools for networks such as Cosmos, Polkadot, Celo, and Skale, as well as offering what it calls "institutional-grade" staking services on over 30 blockchains.

See also: Predictions Platform Polymarket Raises $4M From Polychain, Naval Ravikant and More

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.