The Venture Codex Logo

The Venture Codex

Figment

545 King Street West, Toronto, Ontario, M5V 1M1, Canada

Overview

Figment builds and operates secure blockchain infrastructure that lets institutions, protocol teams, and developers stake tokens, run nodes, and access governance and analytics tools through a single platform. The company focuses on simplifying participation in proof-of-stake networks while maintaining high standards of security, reliability, and transparency. Its services include turnkey node operations, staking-as-a-service, and dashboards that surface on-chain data and governance insights. Figment generates revenue by charging fees on staking rewards and providing enterprise-grade infrastructure services. Although specific financial metrics were not disclosed, the firm has attracted institutional demand strong enough to secure new capital. The fresh funding will be used to expand operations and accelerate product development, enabling Figment to support more protocols and larger client volumes. By continually upgrading its infrastructure and tools, Figment aims to remain a foundational partner for institutions entering the staking and broader Web3 ecosystem.

Total raised
$163M
Funding rounds
4
Latest round
Series C
Latest activity
Dec 2021

Industries

  • Blockchain
  • Computer
  • Cryptocurrency
  • Infrastructure
  • Network Security
Visit website

Recent funding

  1. Series C

    Dec 2021

    $110M

  2. Series B

    Aug 2021

    $50M

  3. Equity

    Oct 2020

    $3M

Team

  • Ryan Funduk

    Co-founder & Chief Architect

    LinkedIn
  • Andrew Cronk

    Co-founder, Chief Product Officer

    LinkedIn
  • Lorien Gabel

    Co-Founder & CEO

    LinkedIn
  • Ryan Grosso

    Director of Data Science and Data Strategy

    LinkedIn