Galaxy Digital backs Figment in $50 million Series B round

Figment, a provider of infrastructure blockchain solutions, has raised $50 million in a Series B funding round.

Happy to announce our $50M Series B funding round!

Some quick facts…

✅20x Quarter Over Quarter Growth
✅100+ Institutional Clients
✅Billions in Assets Staked

Thanks all of our institutional and strategic partners who participated in this round! 👇https://t.co/ZjR9KObmob

— Figment (@Figment_io) August 16, 2021

The round was led by Senator Investment Group and Liberty City Venture with participation from Galaxy Digital’s Mike Novogratz, Anchorage and others.

Figment will use the fresh funding to scale its infrastructure and expand its staff. According to Bloomberg, the company’s valuation reached around $500 million.

Figment currently supports more than 30 blockchains, including Ethereum 2.0, Solana, Polkadot, NEAR and Avalanche.

Earlier in July, the liquid staking service ClayStack raised $5.2 million. The round was led by CoinFund and ParaFi Capital with participation from Coinbase Ventures, Solana Foundation, Animoca Brands.

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