FalconX, a crypto trading platform for institutional money and fintechs, secured a $150 million Series D that more than doubled its valuation from less than a year ago. The round was led by GIC and B Capital Group with participation from Thoma Bravo, Wellington Management, Adams Street Partners, Tiger Global. FalconX’s platform allows institutions to access and manage their crypto assets. Despite the current turmoil in the cryptocurrency markets, the business had its strongest ever customer onboarding quarter to start the year.
Crypto Platform FalconX Soars To $8B Valuation After $150M Raise