Figment Closes Funding Round at $1.4B Valuation

Crypto staking firm’s new capital brings its post-money valuation up 180% from its previous valuation of $500 million

article-image

Figment Co-founder and CEO Lorien Gabel

share
  • The firm has about $7.5 billion in digital assets staked to its infrastructure
  • “The new capital raised will expand Figment’s ability to support the adoption, growth and long-term success of the Web 3 ecosystem,” Figment Co-founder and CEO Lorien Gabel said.

Crypto staking firm Figment has raised $110 million in its Series C round four months after its last fundraise of $50 million, the company announced on Monday. 

The new capital brings the firm‘s post-money valuation to $1.4 billion, up 180% from its previous valuation of $500 million, Figment Co-founder and CEO Lorien Gabel told Blockworks. To date, Figment has raised $165 million. 

“The new capital raised will expand Figment’s ability to support the adoption, growth and long-term success of the Web3 ecosystem, as well as significantly grow its headcount,” Gabel said. 

Figment provides blockchain infrastructure, protocol staking and research for users to be able to build products and services on Proof of Stake, or PoS, blockchains. 

The firm has roughly $7.5 billion in digital assets staked to its infrastructure, up from $7 billion staked that it reported in August. It also supports about 50 networks and 130 institutional clients, up from 31 clients in the previous year. 

The latest round was led by software and technology-focused private equity firm Thoma Bravo, which had $91 billion assets under management as of Sept. 30.

Other participants in the round are Counterpoint Global, the active fundamental equity team of Morgan Stanley; Binance Labs; Mirae Asset; ParaFi Capital; Avon Ventures, a venture capital fund affiliated with the parent company of Fidelity Investments; Bitstamp; CMS Holdings; Two Sigma; B Capital Group; Franklin Templeton; DTCP; and StarkWare.

Figment will focus on expanding its team and investment arm as well as developing its Data Hub 2.0, which will provide developers and entrepreneurs the ability to create blockchain-based solutions, Gabel said. 

“In the long term, the majority of value and data will be stored, settled, and transferred via PoS protocols,” the CEO added. “Staking will become the foundation that secures a better, more inclusive, and user-owned internet.”


Get the day’s top crypto news and insights delivered to your inbox every evening. Subscribe to Blockworks’ free newsletter now.


Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template (1).jpg

Research

As AI supercharges surveillance, privacy becomes a prerequisite and the winning stack will combine confidentiality with selective disclosure. Zcash’s Tachyon, composable standards on Ethereum/Solana, and compliance-aware pools aim to make private rails the new norm.

article-image

Pineapple begins deploying its $100 million Injective Digital Asset Treasury, staking INJ to earn yield and fund onchain mortgage ambitions

by Blockworks /
article-image

Staking levels in the ether funds will depend on protocol unstaking queue times and anticipated redemption activity, firm says

article-image

ETF inflows, miner strength, and tightening supply drive Bitcoin past its prior peak amid renewed demand for scarce assets

by Blockworks /
article-image

The Guidestar team, led by Alex Nezlobin, will join Uniswap Labs to enhance automated market maker design and smart order routing

by Blockworks /
article-image

Zac Prince spearheads Galaxy’s push into consumer banking with high-yield cash, crypto, and stock trading features

by Blockworks /