Blockchain Firm, Figment, Raises Multi-Million Dollar Funding of $2.5M

Figment, a Canadian Blockchain startup recently procured a whopping $2.5 million in additional financial grant organized by Bonfire Ventures with participation from BKCM, FJ Labs, and XDL Capital Group to mention a few.

The CEO of Figment, Lorien Gabel pointed out that:

“This new round of capital will enable Figment to continue to invest in our best-in-class blockchain staking, governance and developer tools.” 

This particular Blockchain has enjoyed a cummulative funding of about $1.5 million in the past years. Here is an outline of the financial grants they have obtained prior to this current grant. They obtained a pre-seed investment grant of $1 million in 2018 and a seed grant in 2019 bringing in $1.5 million. They also had the likes of Bonfire Ventures, FJ Labs and XDL on their team.

Figment’s CEO also maintained that one key objective of the company is to enable people on the internet to control and make gains from their own data instead of “large data monopolies and governments”. The company is currently working assiduously to make this a reality. 

As at press time, Figment provides equipment and infrastructure for networks such as Polkadot, Cosmos, Celo and Skale, it also offers “institutional grade” staking services on over 30 other networks.