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New Deal


Announced

Completed

GIC and B Capital led a $150m Series D funding round in FalconX.

Financials

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Transaction Value£142m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

FinTech

financial software

United States

trading

digital services

asset management

Private Equity

Venture Capital

Private

Minority

Completed

Cross Border

Acquisition

fintech

Synopsis

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GIC, a sovereign wealth fund, and B Capital Group, a multi-stage investment firm, led a $150m Series D funding round in FalconX, a developer of a digital asset trading platform, with participation from Thoma Bravo, Wellington Management, Adams Street Partners and Tiger Global Management. “We partner with companies that will have lasting impacts on the industries and customers they serve. As a tech-first digital asset infrastructure platform, FalconX provides a holistic product offering paired with unparalleled execution that supports over 70m+ transactions on a monthly basis. They are well-positioned to lead the ongoing institutional transition to digital assets for years to come,” Rashmi Gopinath, B Capital General Partner.

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