Blockchain infrastructure supplier Figment raised $110 million in a Series C spherical led by software program funding agency Thoma Bravo. The newest funding takes the agency’s valuation to $1.4 billion, Figment stated in a press launch on Monday.
- Other individuals within the spherical have been Morgan Stanley’s Counterpoint Global, Binance Labs, Mirae Asset, ParaFi Capital, Avon Ventures, Bitstamp, Franklin Templeton, amongst others.
- Figment will use the funding to speed up its Web 3 progress and enhance its headcount. Web 3 is the third era of web providers which were made potential by decentralized networks.
- The Series C follows a $50 million Series B spherical in August, which was led by institutional traders Senator Investment Group and Liberty City Ventures. Anchorage Digital, Galaxy Digital and 10T Ventures additionally participated within the Series B.
- Figment develops back-end methods and infrastructure that present yield on tokens for proof-of-stake (PoS) blockchains.
Read extra: Web 3 Is a Return to the Internet’s Wild Spirit