Figment raises $110m in Series C at a $1.4bn valuation

Figment, a provider of infrastructure blockchain solutions, raised $110 million in a Series C round. Investors valued the company at $1.4 billion.

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

The round was led by private investment firm Thoma Bravo with participation from Counterpoint Global Morgan Stanley, ParaFi Capital, Avon Ventures, Binance, Bitstamp and others.

With raised funds, Figment will add staking support across a greater number of PoS blockchains and hire additional developers.

Figment currently earns about $10 million per month and supports more than 50 blockchains, including Ethereum 2.0, Solana, Polkadot, NEAR and Avalanche.

Earlier in August 2021, Figment raised $50 million in a Series B round.

Read ForkLog’s Bitcoin news in our Telegram — cryptocurrency news, prices and analysis.