Figure Raises $103M in Series D
Figure has successfully raised $103M in a Series D at a $3.2B valuation led by Morgan Creek Digital, DCG, Ribbit Capital, DST Global, RPM Ventures.
Company Overview
Figure is a FinTech company headquartered in 717 17th Street, San Francisco, CA 94103, founded in 2018 with 600+ employees.
Blockchain-based financial services
Fundraising Details
- Amount Raised: $103M
- Round Type: Series D
- Valuation: $3.2B
- Date: 2024-05-07
- Investors: Morgan Creek Digital, DCG, Ribbit Capital, DST Global, RPM Ventures
About Figure
Blockchain-based financial services The company is positioned in the FinTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 717 17th Street, San Francisco, CA 94103
- Founded: 2018
- Team Size: 600+
- Industry: FinTech
What This Means
This funding round demonstrates strong investor confidence in Figure's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The FinTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Figure's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $3.2B valuation marks an important milestone for Figure, positioning the company among notable players in the FinTech industry.
Looking Ahead
With this new capital, Figure is well-positioned to execute on its growth strategy and continue building innovative solutions in the FinTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
---
This fundraising news was reported on 2024-05-07. For more information about Figure, visit their headquarters at 717 17th Street, San Francisco, CA 94103.
