Figment, a NYC-based blockchain infrastructure and companies supplier, raised $110m in Sequence C funding at a $1.4 billion post-money valuation.
The spherical was led by Thoma Bravo, with participation from Counterpoint International (Morgan Stanley), Binance Labs, Mirae Asset, ParaFi Capital, Avon Ventures, a enterprise capital fund affiliated with FMR LLC, the mum or dad firm of Constancy Investments, Bitstamp, CMS Holdings, Two Sigma, B Capital Group, Franklin Templeton, DTCP, and StarkWare.
The corporate intends to make use of the funds to broaden its capability to help the adoption, progress and long-term success of the Internet 3 ecosystem – in addition to develop its headcount.
Led by Lorien Gabel, co-founder and CEO, Figment gives blockchain infrastructure, protocol staking, and analysis and is now increasing its attain into the applying layer to offer entrepreneurs and builders the flexibility to construct services on Proof of Stake blockchains. Its Hubble and Prime purposes in addition to its governance experience permit token holders to investigate, monitor and make knowledgeable choices. It builds Internet 3 developer communities by way of the Be taught schooling program after which make it easy for builders to launch purposes and handle good contracts by way of the DataHub platform. And at last by constructing and working The Graph based mostly indexers, the corporate permits the environment friendly search and querying of blockchain information.
In 2021, the corporate reached over $7.5B in digital property staked to its infrastructure throughout the 50+ supported networks, now supporting over 130+ institutional purchasers, launched Figment Capital, the funding arm of Figment that’s devoted to accelerating the expansion of recent decentralized protocols and purposes by leveraging expertise, connections, and experience within the Internet 3 house and spend money on revolutionary initiatives, joined the Pyth information oracle community as a core contributor and companion, working carefully with Pyth community members, and The Graph ecosystem.