Blockchain Firm Figment Attracts $110 Million and Reaches a Valuation of $1.4 Billion

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Blockchain infrastructure solutions provider Figment has secured $110 million in a Series C funding round which has resulted in the company’s valuation hitting $1.4 billion.

Private investment company Thoma Bravo has led the round. However, there have been other participants, including Counterpoint Global Morgan Stanley, ParaFi Capital, Avon Ventures, Binance, Bitstamp and others.

Figment will use the funds to add staking support among a larger number of proof-of-stake blockchains and will expand its team of developers.

Figment currently makes about $10 million per month and is compatible with more than 50 blockchains including Ethereum 2.0, Solana, Polkadot, NEAR and Avalanche.

We must remember that in August this year Figment raised $50 million in a Series B funding round.

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