Figment Reaches Unicorn Standing With $110M Sequence C

Blockchain infrastructure supplier Figment raised $110 million in a Sequence C spherical led by software program funding agency Thoma Bravo. The newest funding takes the agency’s valuation to $1.4 billion, Figment stated in a press launch on Monday.

  • Different individuals within the spherical had been Morgan Stanley’s Counterpoint World, Binance Labs, Mirae Asset, ParaFi Capital, Avon Ventures, Bitstamp and Franklin Templeton, amongst others.
  • Figment will use the funding to speed up its Net 3 progress and improve its headcount. Net 3 is the third technology of web providers which were made potential by decentralized networks.
  • The Sequence C follows a $50 million Sequence B spherical in August, which was led by institutional traders Senator Funding Group and Liberty Metropolis Ventures. Anchorage Digital, Galaxy Digital and 10T Ventures additionally participated within the Sequence B. A unicorn is a startup with a valuation of over $1 billion, which Figment has achieved with the newest funding spherical.
  • Figment develops back-end techniques and infrastructure that present yield on tokens for proof-of-stake (PoS) blockchains.

Learn extra: Net 3 Is a Return to the Web’s Wild Spirit

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