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New Deal


Announced

Completed

10T Holdings and Morgan Creek Digital led a $200m Series D round in Figure Technologies.

Financials

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Transaction Value£141m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

blockchain

Domestic

Single Bidder

Friendly

Acquisition

United States

Payments / Commerce

Minority

Private Equity

Private

Completed

Synopsis

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10T Holdings and Morgan Creek Digital led a $200m Series D round in Figure Technologies, a provider of financial services through the power of blockchain technology, with participation from DCM, Digital Currency Group, HCM Capital, Ribbit Capital, RPM Ventures and DST Global. "10T believes that Figure is building next-generation lending, trading, and settlement infrastructure for the Digital Asset Ecosystem. The speed, transparency, finality, and cost-efficiency of Provenance blockchain will be an improvement to the systems and framework that exist in the traditional financial world. We are thrilled to be able to partner with and invest in one of the premier leadership teams in the space," Dan Tapiero, 10T Holdings General Partner.

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