Funding round
FalconX Series B
FalconX, which works in digital asset prime brokerage services in San Mateo, raised $50M in a Series B round announced on 1 Jan 2021. It is FalconX's second venture round on record; the one before was a Pre-seed in May 2020.
$50M
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
FalconX did not disclose a valuation in this round. It came 8 months after FalconX's Pre-seed. It is 12% of the $427M FalconX has raised in the venture rounds on record. FalconX raised again 7 months later: a Series C round of $210M in Aug 2021, at $3.75B post-money.
FalconX's funding rounds
FalconX has 4 venture rounds on record and 1 other deal. This one is highlighted.
Comparable rounds
How it compares
12 Series B rounds in Financial Services within a year either side disclosed an amount; the median was $57M, and this round was close to the median. The closest in time, other companies' Series B rounds in Financial Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Bitpanda Financial Services | 16 Mar 2021 | $170M | $1.20B | Valar Ventures |
| Financial Services | 23 Mar 2021 | $69M | $366M | Left Lane Capital |
| Stori Financial Services | 1 Mar 2021 | $33M | not disclosed | Lightspeed Venture Partners |
| Financial Services | 5 Oct 2020 | $12M | not disclosed | Electric Capital |
| Financial Services | 30 Jun 2021 | $30M | not disclosed | Portage Ventures |
| Stream Financial Services | 7 Jul 2020 | $25M | not disclosed | Northzone |
| Alpaca Financial Services | 30 Aug 2021 | $50M | not disclosed | Tribe Capital |
| Neo Financial Financial Services | 15 Sep 2021 | $64M | not disclosed | Valar Ventures |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did FalconX raise in its Series B round?
FalconX raised $50M in its Series B round, announced in Jan 2021.
What was FalconX's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Financial Services?
12 Series B rounds in Financial Services within a year either side disclosed an amount; the median was $57M, and this round was close to the median.
Did FalconX raise again after this round?
Yes: a Series C round in Aug 2021 of $210M at $3.75B post-money.