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September 10, 2025
FalconX bolsters unicorn status with $210m Series C
Cryptocurrency financial services platform FalconX has lifted its valuation to $3.75bn following a $210m capital raise in its Series C.
The round was led by Sapphire Ventures, B Capital Group, Altimeter Capital and Tiger Global Management and also included participation from Mirae Asset and Amex Ventures, who previously invested in FalconX in December 2020.
Founded in 2018, FalconX is a digital asset trading platform that claims it provides clients fast, secure and reliable execution using data science to eliminate slippage and hidden fees. The company offers trading, credit and clearing across major cryptocurrencies has said it has seen net revenue grow 30x year-over-year.
According to FalconX, the newly raised capital will be used to expand its product lines, explore strategic acquisitions and to hire key executives with backgrounds at the convergence of traditional financial markets, digital assets and technology.
FalconX CEO and co-founder Raghu Yarlagadda said, “Serving the world’s leading investors, we are at the forefront of a megatrend which will fundamentally change financial services – if you wouldn’t accept Google or Amazon only working 5 days a week – why aren’t financial services 24/7, truly global, and more accessible? Blockchain has proven that it is possible at scale, and FalconX is excited to lead that change.”
Earlier this year, FalconX closed a funding round on $50m that was led by Tiger Global and B Capital Group. The company claimed at the time the funds would be used to increase its team and expand its business lines to support market growth.
Disclaimer
This material is for informational purposes only and is only intended for sophisticated or institutional investors. This material is not (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, (ii) intended to provide accounting, legal, or tax advice, or investment recommendations, or (iii) an official statement of FalconX or any of its affiliates. Any information contained in this material is not and should not be regarded as investment research, debt research, or derivatives research for the purposes of the rules of the CFTC or any other relevant regulatory body. Prior to entering into any proposed transaction, recipients should determine, in consultation with their own investment, legal, tax, regulatory and accounting advisors, the economic risks and merits, as well as the legal, tax, regulatory and accounting characteristics and consequences of the transaction. This material does not constitute investment advice. To the extent permitted by law, FalconX does not accept any liability arising from the use of this communication. This material may contain information regarding structured products which involve over the counter derivatives. Pursuant to the Dodd-Frank Act, over the counter derivatives are only permitted to be traded by “eligible contract participants” (“ECP”s) as defined under Section 1a(18) of the CEA (7 U.S.C. § 1a(18)). Do not invest in a structured product unless you are an ECP as relevant and fully understand and are willing to assume the risks associated with the product. Solios, Inc. is registered as a federal money services business with FinCEN. FalconX Bravo, Inc. is provisionally registered with the U.S. Commodities Futures Trading Commission (CFTC) as a swap dealer. FalconX Limited is a registered Class 3 VFA service provider under the Virtual Financial Assets Act of 2018 with the Malta Financial Services Authority. FalconX Limited, FalconX Bravo, Inc., nor Solios, Inc. are not registered with the Securities & Exchange Commission or the Financial Industry Regulatory Authority. FalconX Foxtrot Pte Ltd and FalconX Golf Pte. Ltd. are not regulated by the Monetary Authority of Singapore.
Insights, directly from FalconX
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