Funding round
Figure Series C
Figure, which works in humanoid robot manufacturing in San Jose, raised $1.00B in a Series C round announced on 16 Sep 2025, led by Parkway Venture Capital, at a $39.00B post-money valuation. 11 firms took part. It is Figure's fourth venture round on record; the one before was a Series B in Feb 2024.
$1.00B
Amount raised
$39.00B
Post-money valuation
$38.00B pre-money
11
Investors
1 lead
15x
Step-up from the Series B
$2.60B in Feb 2024
2.6%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Figure at $39.00B after the new money, 15.0 times the $2.60B of its Series B (Feb 2024). The $1.00B bought investors about 2.6% of the company. It came 19 months after Figure's Series B. It is 19% of the $5.34B Figure has raised in the venture rounds on record. Figure raised again 12 months later: a Growth round of $3.50B in Sep 2026.
Figure's funding rounds
Figure has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Parkway Venture Capital led the round with 10 other firms.
Lead investor
- backs 9 venture-backed companies new investor
Also in the round
- Brookfield backs 24 venture-backed companies new investor
- NVIDIA new investor
- Macquarie backs 52 venture-backed companies new investor
- Intel Capital backs 239 venture-backed companies new investor
- backs 2 venture-backed companies new investor
- backs 12 venture-backed companies new investor
- backs 49 venture-backed companies new investor
- Salesforce Ventures backs 314 venture-backed companies new investor
- T-Mobile Ventures new investor
- Qualcomm Ventures backs 140 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
15 Series C rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $100M, and this round was 10 times the median. The closest in time, other companies' Series C rounds in Industrial Machinery & Supplies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Industrial Machinery & Supplies | 1 Jun 2025 | $100M | $1.00B | Yonggui Fund and GF Xinde |
| Industrial Machinery & Supplies | 9 Dec 2025 | $70M | not disclosed | CMB International Capital Corporation and China Asset Management |
| Industrial Machinery & Supplies | 15 Jan 2026 | $120M | not disclosed | Avenir |
| Industrial Machinery & Supplies | 29 Jan 2026 | $100M | not disclosed | Lightspeed Venture Partners and Lingotto Innovation |
| Industrial Machinery & Supplies | 13 May 2025 | $36M | not disclosed | not named |
| Industrial Machinery & Supplies | 7 May 2025 | undisclosed | not disclosed | Kunpeng Fund |
| Industrial Machinery & Supplies | 24 Feb 2026 | undisclosed | $750M | Beijing Artificial Intelligence Industry Investment Fund and China Mobile Chain Builder Fund |
| Agility Robotics Industrial Machinery & Supplies | 1 Mar 2025 | $400M | $2.12B | WP Global Partners |
Sources
Where this comes from
Reported by 9 sources.
Questions
Frequently asked
How much did Figure raise in its Series C round?
Figure raised $1.00B in its Series C round, announced in Sep 2025.
Who led Figure's Series C round?
Parkway Venture Capital led it, with Brookfield, NVIDIA, Macquarie, Intel Capital and Align Ventures and 5 more.
What was Figure's valuation at the Series C round?
$39.00B post-money ($38.00B pre-money).
How does it compare with other Series C rounds in Industrial Machinery & Supplies?
15 Series C rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $100M, and this round was 10 times the median.
Did Figure raise again after this round?
Yes: a Growth round in Sep 2026 of $3.50B.