Figure Completes $200M Series D

Blockchain-based financial services provider Figure officially closed its $200 million Series D, leaving it with a $3.2 billion valuation. New investors including entities and funds associated with affiliates of Apollo Global Management,, Rockaway Blockchain, HOF Capital, Endeavour Capital, National Bank Holdings, Goldentree Asset Management and L1 Digital. Figure provides a range of blockchain-enabled solutions for institutions and individuals, including digital fund services that could simplify fundraising, distribution, and secondary trading for the private fund market.

“This investment is going to give us the resources we need to further fuel our mission of leveraging blockchain to reinvent the financial services industry,” said Mike Cagney, co-founder and CEO of Figure. “We’re thrilled to be backed by these top-tier institutions and our recently announced collaboration with Apollo will be an invaluable addition as we expand our business further.”

Apollo recently announced its affiliates agreed to collaborate with Figure on blockchain-related initiatives.

“We are excited to work with Mike and his team at Figure on a number of initiatives using Provenance blockchain technology specifically developed for our industry,” Apollo senior partner and deputy CIO of credit John Zito said. “This collaboration extends Apollo’s strategy of working with best-in-class fintech firms to seek the operational and cost benefits that blockchain and other technologies can bring to bear.”

Figure 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.

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