• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, July 19, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

Crypto Platform FalconX raises $210M at $3.75B valuation

by Balraj
August 12, 2021
in Crypto, News, Startups
Reading Time: 2 mins read
0
Crypto Platform FalconX logo on Laptop with nice ambiance

Background: Artem Podrez via Pexels × FalconX

TwitterWhatsappLinkedin

FalconX, among numerous platforms for cryptocurrency and digital-asset trading looking to attract significant investors to the cryptocurrency industry, raises $210 million in a Series C fundraising round at a $3.75 billion valuation, securing its unicorn status. Altimeter Capital, Sapphire Ventures, B Capital Group, and Tiger Global Management backed the fundraising round for the San Mateo, California-based company, alongside Mirae Asset and Amex Ventures, a subsidiary of American Express Co.

You might also like

Inside SpaceX Starbase’s Worker Injury Surge

Microsoft Shuts Down Movies & TV Store on Xbox and Windows

Apple Sues YouTuber Jon Prosser Over iOS 26 Leak

Crypto Platform FalconX logo on Laptop with nice ambiance
Background: Artem Podrez via Pexels × FalconX

This cryptocurrency and the digital-asset trading startup has been profitable for about a year, witnessed its revenue increase by the factor of 30x in the year ending June 30, according to Chief Executive Officer Raghu Yarlagadda, who declined to disclose exact figures. He stated that investors formed confidence in the company in particular because of its expansion trajectory and revenue growth composition of approximately 80 percent, which is comparable to that of others enterprise tech startups.

The three-year-old FalconX founded by Prabhakar Reddy and Raghu Yarlagadda, claims to be an all-in-one cryptocurrency and digital asset financial services platform that enables institutional trading, financing, and settlement for its users. The company’s notable investors include Accel, Accomplice VC, Altimeter Capital, B Capital Group, American Express Ventures, CMT Digital, Coinbase Ventures, Flybridge Capital Partners, Lightspeed Venture Partners, Mirae Asset, Sapphire Ventures, Tiger Global Management, and Avon Ventures, a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments.

FalconX will utilize its new funding to scale up, along with hiring staff to further develop its technical infrastructure, expanding globally (particularly in Asia), as well as launching products based on customer requests, including a delayed settlement service that allows institutions to settle within 20 business days. The company does not take upon market risk by over-collateralizing loans and retaining the ability to liquidate holdings as claimed by Yarlagadda.

FalconX currently operates its offices in Silicon Valley, Chicago, Bengaluru, and Malta, among other regions. It also claims to be one of the world’s most valuable institutional cryptocurrency startups, with excellent unit economics, profitability, and revenue growth across all segments. The Silicon Valley headquartered startup uses machine learning to offer organizations a trusted counterparty that leverages global cryptocurrency liquidity with 99.9%+ reliability via its web portal, APIs. Back in March, the startup secured $50 million in a Series B round at a valuation of $675 million.

Its credit business allows customers to secure short-term trading credit, addressing the gap among both long-term loans and derivatives markets for entities seeking to boost balance sheet effectiveness in a flexible approach. FalconX also expects to officially introduce a handful of new service offerings, all of which are already being tested, with good response, and can expand rapidly, as well as profitable.

Tags: Coinbase VenturescryptocurrencyFalconXFidelity InvestmentsPrabhakar ReddyRaghu YarlagaddaSilicon ValleyTiger GlobalUnicorn Club
Tweet54SendShare15
Previous Post

Twitter contest reveals it favours young, light-skinned, attractive faces

Next Post

Robot lawn mowers have arrived, but they face the same issues as robot vacuum cleaners

Balraj

Balraj writes about Startup, Business, Technology related news on Techstory... For Business Enquires related to TechStory; Get in touch on: [email protected]...

Recommended For You

Inside SpaceX Starbase’s Worker Injury Surge

by Anochie Esther
July 19, 2025
0
Starbase

SpaceX’s Starbase facility in Texas is the nerve center of one of the most ambitious aerospace projects in history the development of the Starship rocket, a fully reusable...

Read more

Microsoft Shuts Down Movies & TV Store on Xbox and Windows

by Anochie Esther
July 19, 2025
0
Microsoft

In a move that has caught many users off guard, Microsoft has officially shut down its Movies & TV store on Xbox consoles and Windows PCs. As of...

Read more

Apple Sues YouTuber Jon Prosser Over iOS 26 Leak

by Anochie Esther
July 19, 2025
0
iOS 26

Apple has launched a federal lawsuit against well-known tech YouTuber Jon Prosser, accusing him of participating in a scheme to illegally access confidential features of iOS 26, months...

Read more
Next Post
Robot lawn mowers have arrived, but they face the same issues as robot vacuum cleaners

Robot lawn mowers have arrived, but they face the same issues as robot vacuum cleaners

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?