Canada-based renowned blockchain infrastructure provider Figment has completed another multi-million dollar funding round.
In line with an official announcement today, the startup revealed that it raised $2.5 Mln in a further funding round led by Bonfire Ventures with participation from FJ Labs, XDL Capital Group, and BKCM, among others.
“This new round of capital will enable Figment to still invest in our best-in-class blockchain staking, governance and developer tools,” Figment’s CEO Lorien Gabel added within an official statement.
The funding follows a pre-seed round of $1 Mln earlier in 2018 and a seed round later in 2019 bringing in $1.5 Mln, also with participation from Bonfire, XDL, and FJ Labs.
Gabel added that the firm believes in an online where people control and take advantage of their own data, instead of “large data monopolies and governments” – an objective Figment is functioning to realize.
The firm offers infrastructure as well as tools for networks like Cosmos, Polkadot, Celo, and Skale, also offering what it calls “institutional-grade” staking services on over 30 blockchains.