Digital Assets: Mike Cagney’s Figure Tech Closes Oversubscribed Series D At $200M

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Figure, a blockchain-based financial services provider, was valued at $3.2 billion in the round.

New investors joined Figure Technologies’ Series D, taking the round to $200 million. The Series D, originally announced in May, saw new investors joining up, including entities and funds managed and/or advised by affiliates of Apollo Global Management, Inc., Blockchain.com, Rockaway Blockchain, HOF Capital, Endeavour Capital, National Bank Holdings, Goldentree Asset Management and L1 Digital. (BusinessWire)

Earlier in July, Apollo Global Management (NYSE: APO) announced that its affiliates had agreed with Figure to collaborate on practical applications of the Provenance blockchain across the investment lifecycle, through projects such as an on-chain fund listing, asset securitization and digital marketplaces.

Provenance is an open source blockchain technology specifically designed for the finance industry and use across multiple asset classes and markets.

“This investment is going to give us the resources we need to further fuel our mission of leveraging blockchain to reinvent the financial services industry,” said Mike Cagney, Co-Founder and CEO of Figure.

“This collaboration extends Apollo’s strategy of working with best-in-class fintech firms to seek the operational and cost benefits that blockchain and other technologies can bring to bear,” said Apollo Senior Partner and Deputy CIO of Credit John Zito.

Related Story: Blockchain Fintech Figure Tech Scores $200M Round

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