Blockchain company Figment has raised $110 million in investment

After a successful funding round, Figment's valuation rose to $1,4 billion

22.12.2021 - 07:35

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What’s new? The Figment company, a provider of solutions in the field of blockchain technologies, has reported the successful completion of a Series C funding round, raising $110 million in investment.

Figment is super excited to share the news that we closed a $110m Series-C round to further accelerate the growth of Web 3 🥳 🦄https://t.co/6pkYJCgs3R— Figment (@Figment_io) December 20, 2021

“We are super excited to share the news that we closed a $110 million Series C round to further work on accelerating the growth of Web 3.”

Who participated? The major investors in the project include such large companies and funds as ParaFi Capital, Avon Ventures, Binance, Counterpoint Global Morgan Stanley, and Bitstamp. Thoma Bravo led the round.

What will the funds be used for? The funding raised at Figment will be used to expand its staff and launch staking support for various blockchains. It should be noted that the company currently supplies solutions for more than 50 networks, including Solana, Avalanche, and Ethereum 2.0.

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