Crypto brokerage and trading firm FalconX is raising money at a $670 million valuation
FalconX, the crypto brokerage and trading firm backed by American Express, is raising a new funding round at a $670 million valuation, The Block has learned.
The round is being led by Tiger Global, a New York-based investment firm that has expanded its footprint in the crypto space across a series of notable deals in recent weeks. These include BlockFi’s unicorn-status $350 million Series D round, announced Thursday, and the recent $100 million funding round for tax services company TaxBit.
FalconX disclosed a funding round in December that notably drew participation from AmEx Ventures, the credit card company’s venture arm.
The firm raised $17 million in financing last summer from a group of investors that included Avon Ventures, which is tied to asset management giant Fidelity, Coinbase Ventures, Lightspeed and others.
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Author: Frank Chaparro
