FalconX sees its valuation soar to $3.75bn following latest fundraise

The San Francisco digital assets and cryptocurrency company FalconX announces a $210m round led by Altimeter Capital, Sapphire Ventures and existing investors B Capital Group and Tiger Global Management, with others participating.

San Francisco-based FalconX, a digital assets and cryptocurrency financial services  company, has raised $210 million in a Series C financing round. The financing values the company at $3.75 billion.

The round was led by Altimeter Capital, Sapphire Ventures and existing investors B Capital Group and Tiger Global Management, with participation from Mirae Asset. Amex Ventures also increased its existing investment as part of this round. They join existing investors Accel, Accomplice VC, Coinbase Ventures, CMT Digital, Flybridge Capital Partners, Lightspeed Venture Partners, and Avon Ventures, a venture capital fund affiliated with FMR, the parent company of Fidelity Investments.

Source: Press release