- FalconX is latest to join the crypto Unicorn club. The latest funding round now evaluates the firm at US$3.75 billion.
Institutional cryptocurrency platform FalconX secures US$210 million in a Series C funding round.
The latest funding round was Led by Altimeter Capital, B Capital Group, Sapphire Ventures, and Tiger Global Management. The firm also received funding from Amex Ventures and Mirae Asset.
FalconX is latest to join the crypto Unicorn club. The latest funding round now evaluates the firm at US$3.75 billion.
Amex Ventures also increased its existing investment as part of this round. They join existing investors Accel, Accomplice VC, Coinbase Ventures, CMT Digital, Flybridge Capital Partners, Lightspeed Venture Partners, and Avon Ventures, a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments.
FalconX is a digital assets and cryptocurrency financial services firm that provides institutions trading, credit, and clearing across major cryptocurrencies.
Institutional investments in crypto is witnessing strong uptake in 2021. Leading banks and big multinational companies are foraying into crypto. Even established players like PayPal, Visa and Mastercard are adopting aggressive strategies.
“Serving the world’s leading investors, we are at the forefront of a megatrend which will fundamentally change financial services,” stated FalconX CEO and Co-Founder Raghu Yarlagadda. “if you wouldn’t accept Google or Amazon only working 5 days a week – why aren’t financial services 24/7, truly global, and more accessible? Blockchain has proven that it is possible at scale, and FalconX is excited to lead that change.”
