Deals
Cagney’s Figure Valued at $3.2 Billion in Latest Funding Round
- Blockchain-based startup raised $200 million from investors
- CEO Cagney says goal is for Provenance to supplant Ethereum
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Figure Technologies Inc., the blockchain-based startup co-founded by Mike Cagney, is closing its latest funding round that values the company at $3.2 billion.
Figure raised $200 million in a round led by investors 10T Holdings and Morgan Creek Digital, according to a statement Thursday. The funding will help the company hunt for deals for its lending operations, seek a national bank charter from the Office of the Comptroller of the Currency and build out Figure Pay, which offers services for individuals and helps merchants facilitate payments, according to Cagney, who is chief executive officer.