FalconX’s Latest $150M Funding Round Boosts Valuation to $8B
Summary
Dont miss CoinDesks Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12.Digital-asset prime brokerage FalconX raised $150 million in a Series D financing round, giving the platform an $8 billion valuation, and more than doubling its valuation from its previous financing. In August, FalconX raised $210 million in a Series C round, pegging the company at a $3.75 billion valuation. None "Our valuation is a reflection of the long-term belief from our investors and conviction in the digital assets market," CEO Raghu Yarlagadda told CoinDesk. "Were one of the few companies that has consistently been profitable, exhibited revenue, customer growth and navigated volatile market conditions with strong operating rigor and risk management." None Meanwhile, FalconX also said it continues to hire across the company despite multiple crypto firms slashing headcount amid the market downturn.