When was Figment founded?

Figment was founded in 2018 and became a unicorn in 2021.

Where is Figment located?

Figment is headquartered in Toronto, Canada.

Who is the current CEO of Figment?

Lorien Gabel of Figment. They have also founded 2 companies.

How many employees does Figment have?

As of Jul 31, 2026, the latest employee count at Figment is 161.

Is Figment a funded company?

Figment is a funded company, having raised a total of $165M across 7 funding rounds to date. The company's 1st funding round was a $1M Seed round, raised on 2018.

How much is Figment worth?

The latest valuation of Figment is $1.4B as of Dec 20, 2021.

When was the latest funding round of Figment?

Figment's latest funding was a Series C round on Oct 06, 2025, with participation from 1 investor.

Is Figment a Blockchain Infrastructure company?

The primary sector of Figment is Blockchain Infrastructure.

Where does Figment rank among its competitors?

Figment ranks 1st amongst 552 active competitors, of which 117 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Figment, which secured an undisclosed amount in Oct, 2025.

Who are the top competitors of Figment?

Figment's top competitors include Lido, CyberConnect and EigenLayer. Among them, Figment secured the most recent funding round in October, 2025.

Figment - 2026 Company Profile, Team, Funding & Competitors

Figment is a series C company based in Toronto (Canada), founded in 2018 by Lorien Gabel and Ryan Funduk. It operates as an Online platform for the staking solution. Figment has raised $165M in funding from investors like Bonfire Ventures, Thoma Bravo and Liberty City Ventures, with a current valuation of $1.4B. The company has 552 active competitors, including 117 funded and 14 that have exited. Its top competitors include companies like Lido, CyberConnect and EigenLayer.

Sectors and market segments that Figment operate in

Figment serves in the High Tech, Blockchain Technology market segments.The primary business model of Figment are:

Company Details

Online platform for the staking solution. The company offers staking solutions including rewards optimization, rapid API development, rewards reporting, partner integrations, governance, liquid staking, and more.

Website: www.figment.io
Social
Email ID: *****@figment.network

Key Metrics

Founded Year

2018

Location

Toronto, Canada

Stage

Series C

Total Funding

$165M in 7 rounds

Latest Funding Round

Series C, Oct 06, 2025, Undisclosed

Post Money Valuation

$1.4B as on Dec 20, 2021

Investors

Bonfire Ventures & 59 more

Ranked

1^st among 552 active competitors

Employee Count

161 as on Jul 31, 2026

Investment & Acquisitions

Rated & 13 more

Similar Companies

CyberConnect & 509 more

View Figment's full profile

Figment has raised a total funding of $165M over 7 rounds. Its first funding round was on 2018. Its latest funding round was a Series C round on Oct 06, 2025 for an undisclosed amount. 1 investor participated in its latest round. Figment has 58 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Figment:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 06, 2025	Undisclosed	Series C	-	-	-	C1
2023	Undisclosed	Series C	-	-	-	TenSquared
Dec 20, 2021	$110M	Series C	$1.4B	-	Thoma Bravo	Morgan Stanley, Binance, ParaFi, Binance.US, CMS Holdings, Bitstamp, Franklin Templeton Investments, Bonfire Ventures, DTCP, 2TM, Liberty City Ventures, Standard Industries, Two Sigma Investments, Senator Investment Group, BlockFi, StarkWare, Anchorage Digital, Voyager, Raptor Group, Willoughby Capital, AppWorks, Declaration Partners, HOF Capital, L1 Digital, Quiet Capital, Chaos Ventures, Atreides Management, True Equity, Hazoor Partners, Cobalt, Fidelity Investments, Avon Venture, Iron Grey, B Capital, Warburg Serres, Mirae Asset

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View details of Figment's funding rounds and investors

The founders of Figment are Lorien Gabel and Ryan Funduk. Lorien Gabel is the CEO of Figment.

Here are the details of Figment's key team members:

Lorien Gabel: Co-Founder & CEO of Figment and founder of 5 other companies, including Bugrocket, pingg.com and Figment Networks.
Contact Info: 2 email addresses
Ryan Funduk: Co-Founder of Figment and founder of 1 other company.
Contact Info: 1 email address

Figment's Board of Directors

Figment's board has 3 active members. Mark Mullen, Andrew Cronk and Ami Harrop are independent board members.

Here is the list of Figment's board of directors:

Name	Type	Representing	Status	Duration
Mark Mullen	Independent board member	-	Current	5y 11m
Andrew Cronk	Independent board member	-	Current	7y 10m
Ami Harrop	Independent board member	-	Current	8y 2m

View details of Figment's Founder profiles and Board Members

Figment's employee count trend

Figment has 161 employees as of Jul 26. Here is Figment's employee count trend over the years:

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Top competitors of Figment include Lido, CyberConnect and EigenLayer. Here is the list of Top 10 competitors of Figment, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Figment 2018, Toronto (Canada), Series C	Online platform for the staking solution	$165M	Thoma Bravo, Fidelity Investments & 58 others	69/100
2nd	Lido 2020, Finland, Series A	Non-custodial staking solution for cryptocurrencies	$72M	ParaFi, Andreessen Horowitz & 21 others	63/100
3rd	CyberConnect 2021, Palo Alto (United States), Series A	Web3 social network platform	$25M	Sky9 Capital, INCE CAPITAL & 25 others	62/100
4th	EigenLayer 2021, Seattle (United States), Series B	Provider of verifiable cloud computing platform	$241M	Andreessen Horowitz, Polychain & 26 others	62/100
5th	ether.fi 2022, George Town (Cayman Islands), Series A	Liquid staking protocol	$32.3M	Chapter One, CoinFund & 29 others	62/100
6th	Puffer Finance 2022, United States, Series A	Anti-slashing liquid staking protocol	$24.2M	Binance Labs, Brevan Howard & 32 others	60/100
7th	Tokens.com 2020, Toronto (Canada), Public	Blockchain-based technology focused on transaction processing and validation services for various digital assets	$25M	-	60/100
8th	P2P 2018, George Town (Cayman Islands), Series A	Provider of a non-custodial staking platform for cryptocurrencies	$23M	Jump Crypto, Sygnum & 2 others	60/100
9th	Symbiotic 2024, Finland, Series A	Platform offering a generalized shared security system for decentralized networks	$34.8M	Paradigm, Coinbase & 2 others	59/100
10th	Solv Finance 2021, Beijing (China), Series B	Blockchain-based network for financial institutions	$26M	Laser Digital, Binance & 32 others	57/100

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Figment has made 13 investments in companies including Reown and Khalani Network. Figment has also acquired 1 companies including Rated.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Oct 16, 2025	Acquisition	Rated	2020	London (United Kingdom)
Jan 15, 2025	Investments	Reown	2018	Newark (United States)
Aug 07, 2024	Investments	Khalani Network	2023	New York City (United States)