Figment Reaches Unicorn Status With $110M Series C

The funding round was led by Thoma Bravo, and also included Binance, Mirae Asset, ParaFi Capital, Bitstamp and Franklin Templeton.

AccessTimeIconDec 20, 2021 at 1:57 p.m. UTC
Updated Dec 20, 2021 at 2:32 p.m. UTC

Tanzeel Akhtar is a reporter based in London,UK.

Blockchain infrastructure provider Figment raised $110 million in a Series C round led by software investment firm Thoma Bravo. The latest funding takes the firm’s valuation to $1.4 billion, Figment said in a press release on Monday.

  • Other participants in the round were Morgan Stanley’s Counterpoint Global, Binance Labs, Mirae Asset, ParaFi Capital, Avon Ventures, Bitstamp and Franklin Templeton, among others.
  • Figment will use the funding to accelerate its Web 3 growth and increase its headcount. Web 3 is the third generation of internet services that have been made possible by decentralized networks.
  • The Series C follows a $50 million Series B round in August, which was led by institutional investors Senator Investment Group and Liberty City Ventures. Anchorage Digital, Galaxy Digital and 10T Ventures also participated in the Series B. A unicorn is a startup with a valuation of over $1 billion, which Figment has achieved with the latest funding round.
  • Figment develops back-end systems and infrastructure that provide yield on tokens for proof-of-stake (PoS) blockchains.

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Tanzeel Akhtar is a reporter based in London,UK.

CoinDesk - Unknown

Tanzeel Akhtar is a reporter based in London,UK.