Crypto Staking Firm Figment Becomes Unicorn With Fresh $110 Million Fundraise

Canadian blockchain infrastructure and services provider Figment raised $110 million in Series C funding at a $1.4 billion valuation. The announcement closely follows the firm’s $50 million Series B, closed in August, which valued the company at $500 million.

Revealed exclusively to Forbes, the current round was led by software investment firm Thoma Bravo, with participation from Counterpoint Global (Morgan Stanley), Binance Labs, ParaFi Capital, Avon Ventures, a venture capital fund affiliated with FMR LLC (the parent company of Fidelity Investments), CMS Holdings, Franklin Templeton, 2TM (the parent company of Brazilian cryptocurrency exchange Mercado Bitcoin), and StarkWare, among others. The investment brings Figment’s total capital raised to date to approximately $165 million.