About Figment
Figment is a company based in Toronto (Canada) founded in 2018 by Lorien Gabel.. Figment has raised $165 million across 6 funding rounds from investors including Binance, Notion and Fidelity Investments. Figment has completed 1 acquisition, including Rated. Figment offers products and services including Staking App, Staking Data API, Validators, Liquid Staking, and Figment Vaults. Figment operates in a competitive market with competitors including Consensys, Galxe, Digital Asset, Ocean Protocol and Zilliqa, among others.
- Headquarter Toronto, Canada
- Founders Lorien Gabel
- Stage Unicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Products & Services of Figment
Figment offers a comprehensive portfolio of products and services, including Staking App, Staking Data API, Validators, Liquid Staking, and Figment Vaults. 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.
Application for secure digital asset staking and rewards tracking.
API for analyzing staking rewards and performance insights.
Tools for validating blockchain transactions and securing networks.
Service for staking assets while maintaining liquidity options.
Vaults for protecting staked assets from slashing risks.
Feature for restaking assets across multiple protocols securely.
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Funding Insights of Figment
Figment has successfully raised a total of $165M across 6 strategic funding rounds. 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 Last Round
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First Round
First Round
(01 Jun 2018)
- Investors Count 50
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2025 | Amount | Series C - Figment | Valuation |
investors |
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| Dec, 2021 | Amount | Series C - Figment | Valuation | Thoma Bravo | |
| Aug, 2021 | Amount | Series B - Figment | Valuation | Liberty City Ventures , Senator Investment Group |
| 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 Figment
Figment has secured backing from 50 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Binance, Notion and Fidelity Investments. 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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Software and technology-enabled services companies are targeted for investment.
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Founded Year | Domain | Location | |
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Investments are focused on crypto and tech companies by ParaFi.
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Founded Year | Domain | Location | |
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Investments are directed toward early-stage companies by Bonfire Ventures.
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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 Figment
Figment has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Rated. 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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Validator rating platform for Beacon chain
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2020 |
| 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 - Figment
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Figment Comparisons
Competitors of Figment
Figment 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, Galxe, Digital Asset, Ocean Protocol and Zilliqa, 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 |
Infrastructure for Web3 credential curation from multiple sources is offered.
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| domain | founded_year | HQ Location |
Blockchain platforms for business applications are developed and provided.
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| domain | founded_year | HQ Location |
Data exchange platform is provided for sharing and monetizing data.
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| domain | founded_year | HQ Location |
Blockchain-based platform for NFT and Defi application development
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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 Figment
Frequently Asked Questions about Figment
When was Figment founded?
Figment was founded in 2018.
Where is Figment located?
Figment is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Figment?
Lorien Gabel is the current CEO of Figment. They have also founded this company.
Is Figment a funded company?
Figment is a funded company, having raised a total of $165M across 6 funding rounds to date. The company's 1st funding round was a Series B of $50M, raised on Jun 01, 2018.
What does Figment do?
Figment was founded in 2018 and is headquartered in Toronto, Canada. Operations are focused on the blockchain staking sector, where an online platform is maintained to support various services. Rewards optimization, rapid API development, rewards reporting, partner integrations, governance participation, and liquid staking are included among the offerings. Infrastructure for staking activities is provided to users globally.
Who are the top competitors of Figment?
Figment's top competitors include Consensys, Digital Asset and Galxe.
What products or services does Figment offer?
Figment offers Staking App, Staking Data API, Validators, Liquid Staking, and 2 more products and services.
How many acquisitions has Figment made?
Figment has made 1 acquisition, including Rated.
Who are Figment's investors?
Figment has 50 investors. Key investors include Binance, Notion, Fidelity Investments, BlockFi, and StarkWare.
What is Figment's valuation?
The valuation of Figment is $1.4B as of Dec 2021.
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