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New Deal


Announced

Completed

A consortium of investors led a $210m Series C funding round in FalconX.

Financials

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Transaction Value£151m
Consideration TypeCash
Capital Owned-
Capital Bid For6%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Domestic

digital services

Private

United States

Acquisition

Completed

trading

Friendly

FinTech

financial software

Venture Capital

asset management

Private Equity

Synopsis

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Altimeter Capital, Sapphire Ventures, B Capital and Tiger Global led a $210m Series C funding round in FalconX, a developer of a digital asset trading platform intended to provide clients reliable execution using data science. Other investors include Mirae Asset and Amex Ventures. “FalconX is the trusted one-stop-shop for the world’s leading institutional cryptocurrency market participants – providing the technology, security, and reliability necessary to power their strategies at scale. Serving the world’s leading investors, we are at the forefront of a megatrend which will fundamentally change financial services," Raghu Yarlagadda, FalconX CEO and Co-Founder.

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