About FalconX
FalconX is a company based in San Francisco (United States) founded in 2018 by Prabhakar Reddy and Raghu Yarlagadda. It operates as a Brokerage / Intermediation, Direct-to-Consumer (D2C), and FinTech. FalconX has raised $427 million across 6 funding rounds from investors including Coinbase, Fidelity Investments and American Express. The company has 1 employees as of March 31, 2024. FalconX has completed 2 acquisitions, including 21Shares and Arbelos Markets. FalconX offers products and services including FalconX 360, Focal, Trading Solutions, Custody Services, and Financing Options. FalconX operates in a competitive market with competitors including Consensys, Luno, Uphold, Coins.ph and BlockFi, among others.
- Headquarter San Francisco, United States
- Employees 1 as on 31 Mar, 2024
- Founders Prabhakar Reddy, Raghu Yarlagadda
- Stage Unicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Falconx Delta, Inc.
- Date of Incorporation 31 Jan, 2022
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$155.63 K (USD)0as on Mar 31, 2023
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Net Profit
$-29.67 K (USD)0as on Mar 31, 2023
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EBITDA
$-17.23 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$427 M (USD)
in 6 rounds
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Latest Funding Round
$150 M (USD), Series D
Jun 22, 2022
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Investors
Coinbase
& 20 more
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Employee Count
1
as on Mar 31, 2024
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Investments & Acquisitions
21Shares
& 1 more
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Products & Services of FalconX
FalconX offers a comprehensive portfolio of products and services, including FalconX 360, Focal, Trading Solutions, Custody Services, and Financing Options. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
An all-in-one platform for electronic trading operations.
AI engine providing expertise in crypto markets.
Services for spot and derivatives crypto trading.
Integrated custody solutions for digital asset security.
Margin loans and flexible settlement for clients.
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Funding Insights of FalconX
FalconX has successfully raised a total of $427M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $150 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series D — $150.0M
- First Round First Round
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series D - FalconX | Valuation | GIC , B Capital | |
| Aug, 2021 | Amount | Series C - FalconX | Valuation | Altimeter Capital , Sapphire Ventures | |
| Mar, 2021 | Amount | Series B - FalconX | Valuation | Tiger Global Management , B Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FalconX
FalconX has secured backing from 21 investors, including venture fund and institutional investors. Prominent investors backing the company include Coinbase, Fidelity Investments and American Express. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location | |
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Software and technology-enabled services companies are targeted for investment.
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Founded Year | Domain | Location | |
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Private markets investment management with strategies in equity, credit, and secondary investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FalconX
FalconX has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include 21Shares and Arbelos Markets. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Liquidity is provided across crypto derivatives markets by Arbelos Markets.
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2023 | ||||
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Cryptocurrency investment management services are provided by 21Shares.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - FalconX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Falconx Comparisons
Competitors of FalconX
FalconX operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Consensys, Luno, Uphold, Coins.ph and BlockFi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of blockchain and web3 software platform
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| domain | founded_year | HQ Location |
Mobile app for storing and trading cryptocurrencies is utilized.
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| domain | founded_year | HQ Location |
App-based wallet and exchange platform for cross-border money transfers
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| domain | founded_year | HQ Location |
Digital wallet for Bitcoin assets
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| domain | founded_year | HQ Location |
Crypto trading, loans, interest accounts, and wallets are offered online.
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| domain | founded_year | HQ Location |
App-based trading and deposit solutions for cryptocurrency are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Falconx
Frequently Asked Questions about FalconX
When was FalconX founded?
FalconX was founded in 2018.
Where is FalconX located?
FalconX is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of FalconX?
Raghu Yarlagadda is the current CEO of FalconX. They have also founded this company.
Is FalconX a funded company?
FalconX is a funded company, having raised a total of $427M across 6 funding rounds to date. The company's 1st funding round was a Series B of $50M, raised on Jun 01, 2018.
How many employees does FalconX have?
As of Mar 31, 2024, the latest employee count at FalconX is 1.
What is the annual revenue of FalconX?
Annual revenue of FalconX is $155.63K as on Mar 31, 2023.
What does FalconX do?
FalconX is established as a prime brokerage specializing in digital asset markets, offering deep liquidity, financing, and advanced technology solutions. Services provided include trading of spot and derivatives, custody, direct market access, and ETF solutions. The company is trusted by asset managers, hedge funds, and financial institutions globally to navigate fragmented crypto markets. Platforms like FalconX 360 and Focal are developed to support seamless electronic trading and provide AI-driven insights. Operations are tailored to institutional needs, ensuring 247 access and comprehensive risk management.
Who are the top competitors of FalconX?
What products or services does FalconX offer?
FalconX offers FalconX 360, Focal, Trading Solutions, Custody Services, and Financing Options.
How many acquisitions has FalconX made?
FalconX has made 2 acquisitions, including 21Shares, and Arbelos Markets.
Who are FalconX's investors?
FalconX has 21 investors. Key investors include Coinbase, Fidelity Investments, American Express, Accel, and Lightspeed Venture Partners.
What is FalconX's valuation?
The valuation of FalconX is $8B as of Jun 2022.
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