Galaxy Digital backs Figment in $50m round

Galaxy Digital backs Figment in $50m round

Blockchain infrastructure solutions provider Figment has raised $50m in a Series B funding round.

Happy to announce our $50M Series B funding round! Some quick facts...20x Quarter Over Quarter Growth100+ Institutional ClientsBillions in Assets Staked Thanks all of our institutional and strategic partners who participated in this round! 

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

Figment will use the fresh funding to scale its own infrastructure and expand its workforce. According to Bloomberg, the company's valuation has reached around $500m.

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

Recall that in July, liquid-stacking service ClayStack raised $5.2m. The round was led by CoinFund and ParaFi Capital, with participation from Coinbase Ventures, Solana Foundation, Animoca Brands.

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