Figure Technologies, Inc., a San Francisco, CA-based provider of blockchain technology powered financial services, closed a $200m Series D funding at a $3.2 billion valuation.
Backers included new investors including entities and funds managed and/or advised by affiliates of Apollo Global Management, Blockchain.com, Rockaway Blockchain, HOF Capital, Endeavour Capital, National Bank Holdings, Goldentree Asset Management and L1 Digital.
Led by Mike Cagney, Co-Founder and CEO, Figure provides a range of blockchain-enabled solutions for institutions and individuals, including digital fund services for simplifying fundraising, distribution, and secondary trading for the private fund market. The company is using Provenance, a public, open-source, permissionless, decentralized blockchain, for its digital asset marketplaces including lending, capital table management, fund management and administration, and payments application.
Earlier this month, Apollo (NYSE: APO), a high-growth, global alternative asset manager, announced its affiliates had entered into an agreement to collaborate with Figure on blockchain related initiatives.
Figure is transforming the trillion dollar financial services industry using blockchain technology.