Crypto brokerage FalconX raises $150M at $8B valuation
Despite the ongoing bearish trend in cryptocurrency markets, venture capital firms continue pouring capital into major industry players like FalconX. FalconX, the institutional-level digital asset platform and crypto brokerage, has raised $150 million in fresh funding as part of its Series D financing round.
Completed in early June, the funding round values FalconX at $8 billion, more than doubling from its previous Series C-round valuation of $3.75 billion in August 2021, the firm announced to Cointelegraph on Wednesday. The firm has now raised more than $430 million in total. FalconX’s latest investment round was led by the Singaporean sovereign wealth fund GIC and Facebook’s Eduardo Saverin-backed B Capital Group. Other investors included prominent industry investors and VC firms like Tiger Global Management, Adams Street and Thoma Bravo.
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