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§ Private Profile · 411 University Ridge, Greenville, South Carolina 29601, US
Blockchain infrastructure provider offering staking solutions for institutional clients, enabling Web 3 adoption and proof-of-stake.
Key people at Figment Ventures.
Figment Ventures is a Toronto, Ontario-based provider of blockchain infrastructure and staking solutions that enables institutional clients to secure networks and earn rewards through proof-of-stake protocols. The company offers application programming interfaces and developer tools supporting over 30 distinct protocols to facilitate broader Web 3 adoption. Operating with a workforce of over 119 employees, the firm serves more than 250 institutional clients and manages over $7 billion in staked digital assets. The enterprise has raised over $150 million in total venture funding, highlighted by a $110 million Series C financing round in late 2021 that established a $1.4 billion corporate valuation. Figment Ventures is backed by a syndicate of prominent institutional investors, including Thoma Bravo, B Capital, Two Sigma, and Binance Labs. The organization was founded in 2018 by Lorien Gabel, Matt Gabel, and Ryan Funduk.
Figment Ventures refers to Figment Capital, the venture capital arm of Figment, a leading institutional staking infrastructure provider founded in 2018.[1][2][4] Figment Capital invests in early-stage blockchain infrastructure, web3, fintech, AI, crypto, and data projects, particularly innovative Proof-of-Stake (PoS) networks, offering seed and Series A funding alongside strategic guidance and technical support from Figment's expertise.[2][3][4] Its mission centers on supporting founders building decentralized networks, leveraging Figment's position as one of the world's largest non-custodial PoS providers serving over 500 institutional clients like asset managers, exchanges, and custodians.[3][4][5] This dual role amplifies its impact in the startup ecosystem by bridging staking operations with venture backing, fostering growth in blockchain adoption.[1][6]
Figment was co-founded in 2018 by Lorien Gabel (CEO), Matt Harrop (CTO), and Andrew Cronk (COO), establishing it as a provider of digital asset staking solutions for institutions, including APIs, validators, liquid staking, and secure infrastructure.[1][5] Figment Capital launched in 2021 as its corporate VC arm, evolving from Figment's core staking operations to invest in early-stage blockchain projects, with a focus on PoS infrastructure amid rising demand for decentralized networks.[2][3][4] This progression reflects Figment's shift from operational services to ecosystem-building through investments, capitalizing on its technical prowess in node operations, governance tools, and data analytics.[6]
Figment Capital rides the PoS blockchain trend, capitalizing on Ethereum's shift to PoS and the expansion of 40+ protocols requiring staking infrastructure amid institutional adoption.[1][5] Timing aligns with surging demand for secure, scalable web3 tools, as market forces like regulatory clarity and yield-seeking by custodians favor non-custodial providers.[5][6] It influences the ecosystem by funding next-gen networks while Figment delivers production-grade staking, reducing barriers for startups and accelerating decentralized finance growth.[2][4]
Figment Capital is poised to expand amid maturing PoS ecosystems, potentially deepening investments in AI-blockchain intersections and multi-protocol staking as institutions allocate more to crypto yields.[2][3][5] Trends like on-chain governance and liquid staking will shape its portfolio, evolving its influence from niche PoS backer to broader web3 infrastructure leader. This positions it to sustain Figment's staking dominance while nurturing high-impact startups, reinforcing its foundational role in institutional blockchain adoption.[1][4][6]
Key people at Figment Ventures.